Retail Condo with Shared
New
For Sale
$310,000
2650 Larkspur Ln #E, Redding, CA 96002
Retail condo within a maintained commercial development, with shared customer parking and access to I-5, Highway 299, and Highway 44.
Property Size1,201 SF
Price / SF$258.12
Days on Market2
Property Features for 2650 Larkspur Ln #E
General Information
Standard status
Active
Size
1,201 SF
Total Parking Spaces
164
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
1,201 SF
Year Built
2007
Stories
1
Listing Agency:
(925) 406-9200
Listed By:
Terri Lynn Bradley-Cowan
(925) 406-9200
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 4:26AM
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 Terri Lynn Bradley-Cowan
Investment Insights
Based on property information with market context.
This retail condo contains approximately 1,201 sq. ft. within a commercial development completed in 2007. The property is maintained and situated among a mix of businesses, providing a professional setting for retail and business operations.
The address is 2650 Larkspur Ln #E in Redding’s East Cypress corridor, with access to I-5, Highway 299, and Highway 44. Customers and clients have use of 164 shared parking spaces. The property records a bikeScore of 76, described as Very Bikeable, a walkScore of 52, described as Somewhat Walkable, and a transitScore of 28, described as Some Transit.
The address is 2650 Larkspur Ln #E in Redding’s East Cypress corridor, with access to I-5, Highway 299, and Highway 44. Customers and clients have use of 164 shared parking spaces. The property records a bikeScore of 76, described as Very Bikeable, a walkScore of 52, described as Somewhat Walkable, and a transitScore of 28, described as Some Transit.
Key Highlights
- Approximately 1,201 sq. ft. retail condo
- Built in 2007
- 164 shared parking spaces
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
$15,759
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
5.08%
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%
$315,180
$315.2K
Cap Rate 7%
$225,129
$225.1K
Cap Rate 9%
$175,100
$175.1K
Market Conditions
NOI Build-Up for 1,201 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
$23.9K $19.92/SF
− Vacancy
−$1.4K −$1.18/SF
EGI
$22.5K $18.74/SF
− OpEx
−$6.8K −$5.62/SF
NOI
$15.8K $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%
$315,180
Cap Rate 7%
$225,129
Cap Rate 9%
$175,100
Alternative Uses
Best Use
Retail
$225.1K
$197.0K – $262.7K
NOI $15,759 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$267.4K
$234.0K – $312.0K
NOI $18,717 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,900
Businesses Nearby
448k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 20%
Apparel 13%
Groceries 10%
Safeway
Groceries
46,900 visits/mo
0.4 miles
Ross Dress for Less
Apparel
32,273 visits/mo
0.1 miles
McDonald's
Dining
26,146 visits/mo
0.2 miles
Big Lots
Superstores
25,642 visits/mo
0.1 miles
Taco Bell
Dining
20,533 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail condo within a maintained commercial development, with shared customer parking and access to I-5, Highway 299, and Highway 44.
Where is this retail space located?
The property is located at 2650 Larkspur Ln #E Redding, CA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Approximately 1,201 sq. ft. retail condo; Built in 2007; 164 shared parking spaces
