Building Details

Year built 1957

Flooring type Carpet - Full

Roof type Composition

Listing Agency: House of Realty s***@realestate-redding.com Show Phone

Listed By: Bruce L Middleton · License #00845401 Show Phone

Added: Sep 2 Changed: Oct 16 Last Checked: Oct 19 at 2:06PM

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MLS# 26-4600

Copyright © 2026 Shasta Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1,250-square-foot office building at 2060 Hilltop Drive includes four individual offices, a conference room, reception area, break room, and one bathroom. A two-car garage is positioned at the rear, providing additional enclosed space for vehicles, storage, or operational needs. The interior has full carpet flooring, and the building features a composition roof.

Constructed in 1957, the property occupies 0.21 acres and includes off-street parking. Its Redding location places the office along Hilltop Drive in the 96002 postal area, with the address providing convenient identification for visitors and business operations.

Key Highlights

• 1,250‑square‑foot office building on a 0.21‑acre parcel
• Four individual offices plus conference room, reception area, and break room
• Two‑car garage located at the rear of the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,051

Cap Rate

4.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,020 $301.0K

Cap Rate 7%

$215,014 $215.0K

Cap Rate 9%

$167,233 $167.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$25.5K $20.40/SF

− Vacancy

−$5.4K −$4.35/SF

EGI

$20.1K $16.05/SF

− OpEx

−$5.0K −$4.01/SF

NOI

$15.1K $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 Rate 5%

$301,020

Cap Rate 7%

$215,014

Cap Rate 9%

$167,233

Alternative Uses

Best Use

Office B

$215.0K

$188.1K – $250.9K (±1% cap)

NOI $15,051 @ 7.0% cap · market cap 4.43%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$278.3K

$243.5K – $324.7K (±1% cap)

NOI $19,481 @ 7.0% cap · market cap 5.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher Plumbing Service Catering Service Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,678

Businesses Nearby

Explore this area Business Placement

Demographics for 96002, CA

35,158

Population

13,685

Households

2.6

Avg Household Size

39

Median Age

22%

College-Educated

93%

High-School Grad

30.6 sq mi

ZIP Area

1,149

Density / Sq Mi

$74,230

Median Household Income

$40,454

Median Earnings

$1,281

Median Rent

$347,500

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Configured with private offices, a conference room, reception area, break room, and rear garage access.

Where is this office building located?

The property is located at 2060 Hilltop Drive Redding, CA.

What is the asking price?

The asking price for this property is $339,500.

What are key features of this property?

This property features: 1,250‑square‑foot office building on a 0.21‑acre parcel; Four individual offices plus conference room, reception area, and break room; Two‑car garage located at the rear of the building