Mixed-Use Property with Office
For Sale
$315,000
2037 Pine Street, Redding, CA 96001
Front office space connects with residential quarters for a flexible commercial and living arrangement.
Property Size905 SF
Price / SF$348.07
Days on Market57
Property Features for 2037 Pine Street
General Information
Standard status
Active
Size
905 SF
Property subtype
Mixed Use
Additional Details
Gross Income
$24,420
Amenities
3
Parking.
Off Street, On Street.
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
(530) 222-3800
Listed By:
Josh Barker Real Estate
(530) 222-3800
Source:
Xome
Added: Jul 5
Changed: Aug 30
Last Checked: Aug 30 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Josh Barker Real Estate
Investment Insights
Based on property information with market context.
Located at 2037 Pine Street, this mixed-use property combines professional office space with attached residential living quarters. The arrangement supports business operations alongside on-site housing or separate residential occupancy, with both the commercial and residential units currently leased.
The property includes a recently updated roof and a fenced, gated parking area with off-street and on-street parking. Built in 1990, it offers an established commercial-residential configuration with secure vehicle access and dedicated office and living components.
The property includes a recently updated roof and a fenced, gated parking area with off-street and on-street parking. Built in 1990, it offers an established commercial-residential configuration with secure vehicle access and dedicated office and living components.
Key Highlights
- Mixed‑use property with front professional office space and attached residential quarters
- Both commercial and residential units are currently leased
- Recently updated roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,897
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$217,940
$217.9K
Cap Rate 7%
$155,671
$155.7K
Cap Rate 9%
$121,078
$121.1K
Market Conditions
NOI Build-Up for 905 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.5K $20.40/SF
− Vacancy
−$3.9K −$4.35/SF
EGI
$14.5K $16.05/SF
− OpEx
−$3.6K −$4.01/SF
NOI
$10.9K $12.04/SF
Area
Shasta County, CA
Vacancy
21.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$217,940
Cap Rate 7%
$155,671
Cap Rate 9%
$121,078
Alternative Uses
Best Use
Office B
$155.7K
$136.2K – $181.6K
NOI $10,897 @ 7.0% cap · market cap 3.46%
Second Best
Mixed Use
$145.1K
$126.9K – $169.3K
NOI $10,155 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$201.5K
$176.3K – $235.1K
NOI $14,104 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,850
Businesses Nearby
Explore this area
Business Placement
Demographics for 96001, CA
33,914
Population
14,370
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
72.4 sq mi
ZIP Area
468
Density / Sq Mi
$70,594
Median Household Income
$42,316
Median Earnings
$1,238
Median Rent
$385,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Front office space connects with residential quarters for a flexible commercial and living arrangement.
Where is this mixed-use property located?
The property is located at 2037 Pine Street Redding, CA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Mixed‑use property with front professional office space and attached residential quarters; Both commercial and residential units are currently leased; Recently updated roof
