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West Redding Standalone Building

2321 Court St Redding, CA 96001

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5,244 SF building suitable for medical or professional office.

Type:Office
Property size:
5,244 SF
Price / SF:
$157/SF
Added:
Jan 22, 2024
Days on Market:
901
Last Refresh:
May 12 at 10:38 pm

Property Features for 2321 Court St

General Information

Standard status
Active
Size
5,244 SF
Property subtype
Office

Building Details

Year Built
1978

Listing office Whitlow Commercial Real Estate Inc.

Listing date Jan 22, 2024

Source Crexi

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.

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 $107.0k $20.40
− Vacancy −$22.8k −$4.35
EGI $84.2k $16.05
− OpEx −$21.0k −$4.01
NOI $63.1k $12.04
5,244 SF · lease $20.40/SF/yr · vacancy 21.30% · expense 25.00%

Alternative Uses

Best Use
Office B
$902.1K
$789.3K – $1.05M (±1% cap)
NOI $63,144 @ 7.0% cap · market cap 7.65%
Second Best
Healthcare Medical
$791.4K
$692.5K – $923.3K (±1% cap)
NOI $55,397 @ 7.0% cap · market cap 6.71%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M (±1% cap)
NOI $81,725 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Maxim Physical Therapy Physician Doug Christ, DPT Physician Jim Tomasin, MSPT Physician Court Street Massage Alternative Medicine Practice Maxim Physical Therapy: ... Physician

Suggested Use

Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pet Store & Service Restaurant (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Craig Jonathon DVM — 1825 Buenaventura Blvd, Redding, CA 96001
  • Westside Pet Hospital — 1825 Buenaventura Blvd, Redding, CA 96001

FAQs

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.
Contact an agent
(530) 605-5169 Call to check price and availability
More about this property
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