West Redding Standalone
For Sale
Contact for pricing
2321 Court St, Redding, CA 96001
5,244 SF building suitable for medical or professional office.
Property Size5,244 SF
Price / SF$157.32
Days on Market992
Property Features for 2321 Court St
General Information
Standard status
Active
Size
5,244 SF
Class
B
Property subtype
Office
Zoning
RED GO - General Office
Investment Type
Owner/User
Building Details
Year Built
1978
Buildings
1
Tenancy
Single
Listing Agency:
Whitlow Commercial Real Estate Inc.
Listed By:
Jess Whitlow · License #01941996
(530) 605-5169
Source:
Crexi
Added: Jan 22, 2024
Changed: Oct 3
Last Checked: Oct 9 at 7:32PM
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 Whitlow Commercial Real Estate Inc.
Investment Insights
Based on property information with market context.
This 5,244 SF standalone building is located in West Redding. Currently used as an outpatient physical therapy office, the property could be converted for conventional medical or professional office use. The floor plan includes a waiting room, a large reception area, six plumbed exam rooms (or offices), one conference or cold plunge room, three private offices, a large open work area or therapy gym, a production area, multiple restrooms, and a lower level with windows suitable for additional working space or a gym.
Key Highlights
- 5,244 SF standalone building offers significant space and independence.
- Easily convertible to conventional medical or professional office use.
- Includes 6 plumbed exam rooms (or offices), suitable for medical or professional services.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,144
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,880
$1.3M
Cap Rate 7%
$902,057
$902.1K
Cap Rate 9%
$701,600
$701.6K
Market Conditions
NOI Build-Up for 5,244 SF
Gross rent
$107.0K $20.40/SF
− Vacancy
−$22.8K −$4.35/SF
EGI
$84.2K $16.05/SF
− OpEx
−$21.0K −$4.01/SF
NOI
$63.1K $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%
$1,262,880
Cap Rate 7%
$902,057
Cap Rate 9%
$701,600
Alternative Uses
Best Use
Office B
$902.1K
$789.3K – $1.05M
NOI $63,144 @ 7.0% cap · market cap 7.65%
Second Best
Healthcare Medical
$791.4K
$692.5K – $923.3K
NOI $55,397 @ 7.0% cap · market cap 6.71%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,725 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,806
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 5,244 SF building suitable for medical or professional office.
Where is this medical office space located?
The property is located at 2321 Court St Redding, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 5,244 SF standalone building offers significant space and independence.; Easily convertible to conventional medical or professional office use.; Includes 6 plumbed exam rooms (or offices), suitable for medical or professional services.
