Two-Building Mixed-Use
For Sale
$499,000
2418 Victor Avenue, Redding, CA 96002
Two separate structures provide reception, workspace, storage, and on-site parking for varied commercial operations.
Property Size3,200 SF
Price / SF$155.94
Days on Market159
Property Features for 2418 Victor Avenue
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Mixed Use
Amenities
3
Building Details
Year Built
1978
Buildings
2
Listing Agency:
eXp Realty of California, Inc.
(530) 710-4338
Listed By:
Jayne Dreyer · License #01997674
(530) 710-4338
Source:
Xome
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 2:18PM
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.
Located at 2418 Victor Avenue in Redding, this mixed-use property includes 3,200 SF distributed between two buildings. The primary structure contains 2,000 square feet with a front reception area and adaptable interior space. A second 1,200-square-foot building adds room for workspace or storage on the same parcel.
On-site parking supports convenient access for customers, clients, and staff. The property was built in 1978 and can accommodate professional, medical, retail, or service-oriented operations based on the stated configuration and use potential.
On-site parking supports convenient access for customers, clients, and staff. The property was built in 1978 and can accommodate professional, medical, retail, or service-oriented operations based on the stated configuration and use potential.
Key Highlights
- 3,200 SF across two buildings
- Main building contains 2,000 square feet with a front reception area
- Additional 1,200‑square‑foot building provides workspace or storage
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
$41,988
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
8.41%
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%
$839,760
$839.8K
Cap Rate 7%
$599,829
$599.8K
Cap Rate 9%
$466,533
$466.5K
Market Conditions
NOI Build-Up for 3,200 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
$63.7K $19.92/SF
− Vacancy
−$3.8K −$1.18/SF
EGI
$60.0K $18.74/SF
− OpEx
−$18.0K −$5.62/SF
NOI
$42.0K $13.12/SF
Area
Shasta County, CA
Vacancy
5.90%
Lease Rate
$19.92 /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%
$839,760
Cap Rate 7%
$599,829
Cap Rate 9%
$466,533
Alternative Uses
Best Use
Retail
$599.8K
$524.9K – $699.8K
NOI $41,988 @ 7.0% cap · market cap 8.41%
Second Best
Mixed Use
$513.0K
$448.9K – $598.5K
NOI $35,909 @ 7.0% cap · market cap 7.20%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Lowe's
Home Improvements & Furnishings
39,278 visits/mo
0.5 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate structures provide reception, workspace, storage, and on-site parking for varied commercial operations.
Where is this mixed-use property 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: 3,200 SF across two buildings; Main building contains 2,000 square feet with a front reception area; Additional 1,200‑square‑foot building provides workspace or storage
