Leased Flex Space with Roll-Up
For Sale
$1,358,000
Pending
2269 Hartnell Ave, Redding, CA 96002
Fully leased commercial building with multi-suite configuration and upstairs offices featuring private bathrooms.
Property Size9,500 SF
Days on Market289
Property Features for 2269 Hartnell Ave
General Information
Standard status
Pending
Size
9,500 SF
Net Rentable
9,500 SF
Zoning
General Commercial
Occupancy
100%
Additional Details
Road Access
Yes
Office Build-Out
1,500 SF
Building Details
Buildings
1
Stories
2
Building Size
9,500 SF
Tenancy
Multi
Listing Agency:
Meridian Pointe Realty
(530) 515-4484
Listed By:
Greg Snow
(530) 515-4484
Source:
Exprealty
Added: Nov 15, 2025
Changed: Aug 29
Last Checked: Aug 30 at 7:30PM
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 Meridian Pointe Realty
Investment Insights
Based on property information with market context.
This flex property contains 9, 500 SF of rentable commercial space arranged across multiple suites. The lower level provides approximately 8, 000 SF across four separate rental areas, with two 12'X14' industrial roll-up doors supporting warehouse, distribution, wholesale, or contractor-oriented operations. Upstairs, two offices of approximately 750 SF each include private bathrooms.
The building is fully leased under annual agreements, with occupants representing business products, general contracting, advertising, and therapy uses. General Commercial zoning supports the stated range of commercial applications. The property fronts Hartnell Ave, where the reported daily traffic count is 11, 600 Vehicles per day, and it is near the Holiday Market Shopping Center.
The building is fully leased under annual agreements, with occupants representing business products, general contracting, advertising, and therapy uses. General Commercial zoning supports the stated range of commercial applications. The property fronts Hartnell Ave, where the reported daily traffic count is 11, 600 Vehicles per day, and it is near the Holiday Market Shopping Center.
Key Highlights
- 9, 500 SF of rentable commercial space
- Approximately 8, 000 SF lower level divided into 4 rental spaces
- Two 12'X14' industrial roll‑up doors
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
$114,535
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
8.43%
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%
$2,290,700
$2.3M
Cap Rate 7%
$1,636,214
$1.6M
Cap Rate 9%
$1,272,611
$1.3M
Market Conditions
NOI Build-Up for 9,500 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
$175.6K $18.48/SF
− Vacancy
−$11.9K −$1.26/SF
EGI
$163.6K $17.22/SF
− OpEx
−$49.1K −$5.17/SF
NOI
$114.5K $12.06/SF
Area
Shasta County, CA
Vacancy
6.80%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
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%
$2,290,700
Cap Rate 7%
$1,636,214
Cap Rate 9%
$1,272,611
Alternative Uses
Best Use
Warehouse
$1.88M
$1.64M – $2.19M
NOI $131,475 @ 7.0% cap · market cap 9.68%
Second Best
Industrial
$1.64M
$1.43M – $1.91M
NOI $114,535 @ 7.0% cap · market cap 8.43%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,052 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully leased commercial building with multi-suite configuration and upstairs offices featuring private bathrooms.
Where is this flex space located?
The property is located at 2269 Hartnell Ave Redding, CA.
What is the asking price?
The asking price for this property is $1,358,000.
What are key features of this property?
This property features: 9, 500 SF of rentable commercial space; Approximately 8, 000 SF lower level divided into 4 rental spaces; Two 12'X14' industrial roll‑up doors
