Professional Office Building in
For Sale
Contact for pricing
Pending
2690 Victor Ave, Redding, CA 96002
Professional office building with flexible layout and convenient parking.
Property Size1,072 SF
Days on Market201
Property Features for 2690 Victor Ave
General Information
Standard status
Pending
Size
1,072 SF
Class
A
Property subtype
Office
Lease Type
Modified Gross
Investment Type
Value Add
Building Details
Units
1
Listing Agency:
Capital Rivers Commercial - Haedrich Group
(530) 221-1127
Listed By:
Ryan Haedrich · License #CA 01747622
Source:
Crexi
Added: Jan 31
Changed: Aug 8
Last Checked: Jul 24 at 12:43PM
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 - Haedrich Group
Investment Insights
Based on property information with market context.
The property at 2690 Victor Avenue in Redding, CA, is a professional office building with approximately 1,072 square feet of space. Located along a well-established commercial corridor, the building offers a flexible interior layout that can accommodate up to three private offices, a reception area, and supporting workspaces. Abundant natural light fills the space. The property has strong curb appeal and features convenient on-site parking directly adjacent to the building. It is well-suited for medical, legal, financial, consulting, or administrative uses. Situated on Victor Avenue, just south of the intersection with Cypress Avenue, the property benefits from exposure to approximately 11,300 vehicles per day. The surrounding area includes a mix of professional offices, retail services, and neighborhood amenities that support both client visits and daily operations. Proximity to major surface streets enhances accessibility, while nearby businesses and services contribute to consistent activity within this established Redding commercial area.
Key Highlights
- Flexible interior layout suitable for up to three private offices, reception, and supporting workspaces.
- Strong curb appeal and convenient on‑site parking.
- Located along a well‑established commercial corridor with high traffic exposure (±11,300 vehicles per day).
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
$12,908
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
3.92%
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%
$258,160
$258.2K
Cap Rate 7%
$184,400
$184.4K
Cap Rate 9%
$143,422
$143.4K
Market Conditions
NOI Build-Up for 1,072 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
$21.9K $20.40/SF
− Vacancy
−$4.7K −$4.35/SF
EGI
$17.2K $16.05/SF
− OpEx
−$4.3K −$4.01/SF
NOI
$12.9K $12.04/SF
Area
Shasta County, CA
Vacancy
21.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$258,160
Cap Rate 7%
$184,400
Cap Rate 9%
$143,422
Alternative Uses
Best Use
Office B
$184.4K
$161.4K – $215.1K
NOI $12,908 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$238.7K
$208.8K – $278.4K
NOI $16,706 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office building with flexible layout and convenient parking.
Where is this office building located?
The property is located at 2690 Victor Ave Redding, CA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Flexible interior layout suitable for up to three private offices, reception, and supporting workspaces.; Strong curb appeal and convenient on‑site parking.; Located along a well‑established commercial corridor with high traffic exposure (±11,300 vehicles per day).
