Two-Building Commercial Flex
2418 Victor Avenue Redding, CA 96002
2418 Victor Avenue, Redding, CA, 96002
$499,000
For Sale
$499,000
Reception-ready main space plus an additional building on the same parcel, supported by ample on-site parking.
Property Size3,200 SF
Price / SF$155.94
Days on Market118
Property Features for 2418 Victor Avenue
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1978
Listing Agency
eXp Realty of California, Inc.
(530) 710-4338
Listed by
Jayne Dreyer · License #01997674
(530) 710-4338
Source
Xome
Added: Mar 25 Updated: Jul 19 at 2:10 am Checked: Jul 20 at 1:40 am
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
This for-sale commercial opportunity consists of two buildings on the same parcel, providing versatile space for a range of professional and service-oriented uses. The main building offers a welcoming front reception area and approximately 2,000 square feet of flexible interior space suitable for operations that benefit from client entry and a dedicated front-office presence. An additional building of about 1,200 square feet is included for expanded workspace and/or storage needs.
The property is offered with ample on-site parking to support easy access for customers, clients, and staff. Public remarks also note cannabis eligibility, which may align with qualifying operators seeking an existing, multi-building setup.
With two structures and a reception-focused layout in the primary building, the site supports straightforward, single-operator use or a functional split between front-of-house space and supplementary back-of-house space within the same parcel.
The property is offered with ample on-site parking to support easy access for customers, clients, and staff. Public remarks also note cannabis eligibility, which may align with qualifying operators seeking an existing, multi-building setup.
With two structures and a reception-focused layout in the primary building, the site supports straightforward, single-operator use or a functional split between front-of-house space and supplementary back-of-house space within the same parcel.
Key Highlights
- Total 3,200 SF across two buildings on the same parcel
- 2,000 SF main building with a front reception area for professional, medical, or service‑based use
- Additional 1,200 SF building on the same parcel for extra workspace or storage
Local Financial Insights For Retail
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 | $63.7k | $19.92 |
| − Vacancy | −$3.8k | −$1.18 |
| EGI | $60.0k | $18.74 |
| − OpEx | −$18.0k | −$5.62 |
| NOI | $42.0k | $13.12 |
3,200 SF · lease $19.92/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$599.8K
$524.9K – $699.8K
NOI $41,988 @ 7.0% cap · market cap 8.41%
Second Best
Industrial
$551.1K
$482.3K – $643.0K
NOI $38,580 @ 7.0% cap · market cap 7.73%
Theoretical Best
Specialty Retail
$712.4K
$623.4K – $831.2K
NOI $49,870 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Braveheart Cycle & Co
Auto Repair Shop
Catalyst CBD
Gym & Fitness Center
H2AO LLC
General Contractor
Similar For Sale Nearby
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- Blvd Body Shop — 1045 Hartnell Ave, Redding, CA 96002
- Accurate Auto Body — 1359 Hartnell Ave, Redding, CA 96002
- Big Ray's Auto Glass — 1185 Hartnell Ave, Redding, CA 96002
FAQs
What type of property is this?
Auto shop - Reception-ready main space plus an additional building on the same parcel, supported by ample on-site parking.
Where is this auto shop located?
The property is located at 2418 Victor Avenue Redding, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Total 3,200 SF across two buildings on the same parcel; 2,000 SF main building with a front reception area for professional, medical, or service‑based use; Additional 1,200 SF building on the same parcel for extra workspace or storage
