Corner Flex Space With
For Sale
$849,000
24400 Old 44 Drive, Millville, CA 96062
Finished offices, warehouse capacity, paved circulation, and commercial vehicle access support varied business operations.
Property Size5,400 SF
Lot Size2.58 Acres
Price / SF$157.22
Days on Market57
Property Features for 24400 Old 44 Drive
General Information
Standard status
Active
Size
5,400 SF
Class
B
Total Parking Spaces
18
Lot size
2.58 Acres
Property subtype
Industrial
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
3,200 SF
Office Build-Out
2,200 SF
Drive-In Doors
2
Voltage
220 V
Amenities
reception area
vaulted ceilings
natural light
luxury vinyl plank flooring
private offices
open work areas
full kitchen
full bathroom with shower
skylights
Building Details
Building Size
5,400 SF
Year Built
2007
Buildings
1
Listing Agency:
Capital Rivers Commercial
Listed By:
Tyler Jardine · License #01411003
(530) 524-1537
Source:
Thebrokerlist
Added: Aug 12
Changed: Oct 5
Last Checked: Oct 5 at 3:04PM
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 Capital Rivers Commercial
Investment Insights
Based on property information with market context.
This 2007 industrial flex property combines professionally finished office improvements with a clear-span warehouse. The office component includes a reception area with vaulted ceilings, natural light, luxury vinyl plank flooring, private offices, open work areas, a full kitchen, and a bathroom with shower. Warehouse features include exposed steel trusses, skylights, 220-volt electrical service, concrete floors, two 12-foot electric roll-up doors, and a mezzanine office overlooking the floor.
The ±2.58-acre commercial parcel is positioned at the northeast corner of State Highway 44 and Old 44 Drive in Millville. Approximately 18 paved parking spaces, paved truck circulation, and outdoor operational areas accommodate deliveries, trailers, and commercial vehicles. The property has a private well, septic system, propane service, and C-2 Community Commercial District zoning. Caltrans traffic counts indicate ±10,550 vehicles per day at the location, with access to Redding, Palo Cedro, Millville, Burney, Susanville, Reno, and surrounding Northern California markets.
The ±2.58-acre commercial parcel is positioned at the northeast corner of State Highway 44 and Old 44 Drive in Millville. Approximately 18 paved parking spaces, paved truck circulation, and outdoor operational areas accommodate deliveries, trailers, and commercial vehicles. The property has a private well, septic system, propane service, and C-2 Community Commercial District zoning. Caltrans traffic counts indicate ±10,550 vehicles per day at the location, with access to Redding, Palo Cedro, Millville, Burney, Susanville, Reno, and surrounding Northern California markets.
Key Highlights
- ±5,400 square foot industrial flex building completed in 2007
- ±2,200 square feet of executive office and ±3,200 square feet of warehouse space
- Two 12‑foot electric roll‑up doors and 220‑volt electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,733
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,494,660
$1.5M
Cap Rate 7%
$1,067,614
$1.1M
Cap Rate 9%
$830,367
$830.4K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$95.3K $17.64/SF
− Vacancy
−$7.3K −$1.36/SF
EGI
$87.9K $16.28/SF
− OpEx
−$13.2K −$2.44/SF
NOI
$74.7K $13.84/SF
Area
Shasta County, CA
Vacancy
7.70%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,494,660
Cap Rate 7%
$1,067,614
Cap Rate 9%
$830,367
Alternative Uses
Best Use
Warehouse
$1.07M
$934.2K – $1.25M
NOI $74,733 @ 7.0% cap · market cap 8.80%
Second Best
Industrial
$930.1K
$813.8K – $1.09M
NOI $65,104 @ 7.0% cap · market cap 7.67%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,156 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 96062, CA
994
Population
456
Households
2.2
Avg Household Size
51
Median Age
25%
College-Educated
99%
High-School Grad
67.1 sq mi
ZIP Area
15
Density / Sq Mi
$110,781
Median Household Income
$64,063
Median Earnings
$1,656
Median Rent
$441,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Finished offices, warehouse capacity, paved circulation, and commercial vehicle access support varied business operations.
Where is this flex space located?
The property is located at 24400 Old 44 Drive Millville, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: ±5,400 square foot industrial flex building completed in 2007; ±2,200 square feet of executive office and ±3,200 square feet of warehouse space; Two 12‑foot electric roll‑up doors and 220‑volt electrical service
