Class A Office Building with
2195 Larkspur Lane Redding, CA 96002
2195 Larkspur Lane, Redding, CA, 96002
$5,000,000
For Sale
$5,000,000
Two-story Class A office building built in 1997 with elevator service, flexible floor plates, and modern tenant improvements.
Property Size29,632 SF
Price / SF$168.74
Days on Market23
Property Features for 2195 Larkspur Lane
General Information
- Standard status
- Active
- Size
- 29,632 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing agency
(530) 643-7342
Listed by
Grenvik Group Real Estate
(530) 643-7342
Source
Grenvikgroup.idxbroker
Added: Jul 1 Updated: Jul 22 at 9:56AM Checked: Jul 23 at 2:52AM
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 Grenvik Group Real Estate
Investment Insights
Based on property information with market context.
2195 Larkspur Lane is a 29,632-square-foot, two-story Class A professional office building built in 1997. The building features modern architecture, elevator service, and flexible floor plates designed to accommodate executive suites, professional offices, and larger institutional or assembly users. The first floor is leased to established tenants including Dunamis Wellness and Modern Elite Venues, with renovations completed in 2023. The second floor offers professional suites with mountain views and shared breakroom facilities.
The property is described as a high-visibility corner and includes convenient on-site parking. Access is provided to I-5 and Highway 44, with nearby amenities.
Offered as a stabilized investment at a 7% cap rate, the building includes shared restrooms and break room arrangements.
The property is described as a high-visibility corner and includes convenient on-site parking. Access is provided to I-5 and Highway 44, with nearby amenities.
Offered as a stabilized investment at a 7% cap rate, the building includes shared restrooms and break room arrangements.
Key Highlights
- Two‑story Class A professional office building built in 1997 totaling 29,632 SF
- Elevator‑served building with flexible floor plates for executive suites, professional offices, and larger users
- First‑floor tenant space includes Dunamis Wellness and Modern Elite Venues; renovations completed in 2023
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $604.5k | $20.40 |
| − Vacancy | −$128.8k | −$4.35 |
| EGI | $475.7k | $16.05 |
| − OpEx | −$118.9k | −$4.01 |
| NOI | $356.8k | $12.04 |
29,632 SF · lease $20.40/SF/yr · vacancy 21.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.10M
$4.46M – $5.95M
NOI $356,802 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.60M
$5.77M – $7.70M
NOI $461,797 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Real Estate 1
Real Estate Agency
Jill Shepherd Piercy ...
Counselor
Magma Title Loans
Loan Service
Resiliency Co
Crisis Center
DealerTeam - Automotive Retail ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story Class A office building built in 1997 with elevator service, flexible floor plates, and modern tenant improvements.
Where is this office building located?
The property is located at 2195 Larkspur Lane Redding, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Two‑story Class A professional office building built in 1997 totaling 29,632 SF; Elevator‑served building with flexible floor plates for executive suites, professional offices, and larger users; First‑floor tenant space includes Dunamis Wellness and Modern Elite Venues; renovations completed in 2023
