Retail Condo with Shared
2650 Larkspur Ln #E, Redding, CA 96002
For Sale
$310,000
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 Market94
Property Features for 2650 Larkspur Ln #E
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Building Details
Building Size
Year Built
Stories
Listing Agency:
RE/MAX Gold
Listed By:
Terri Lynn Bradley-Cowan
(925) 406-9200
Source:
Elliman
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 5:42AM
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 RE/MAX Gold
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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 / Yr
$15,759
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
$347,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Redding, CA
Properties on Market for Retail space in Redding
Vacancy Rate% for Retail in West region
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
