Flex Building with Warehouse
For Sale
$279,000
2918 S Market Street, Redding, CA 96001
Front reception and rear shop areas accommodate office administration, storage, and commercial work functions.
Property Size1,872 SF
Price / SF$149.04
Days on Market59
Property Features for 2918 S Market Street
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Retail
Additional Details
Three-Phase Power
Yes
Amenities
3
Parking.
On Street.
Building Details
Year Built
1954
Buildings
1
Building Size
1,872 SF
Listing Agency:
(530) 355-2570
Listed By:
Relevant Real Estate
(530) 355-2570
Source:
Xome
Added: Jul 4
Changed: Aug 30
Last Checked: Aug 30 at 2:58PM
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 Relevant Real Estate
Investment Insights
Based on property information with market context.
This 1,872-square-foot flex property combines a front office and reception area with a larger warehouse or shop component toward the rear. The arrangement provides separate areas for administrative work, storage, and hands-on commercial operations within one building. Constructed in 1954, the property is suited to contractors, service businesses, light industrial activities, retail, and owner-users based on the stated configuration and use potential.
The building is located at 2918 S Market Street in Redding, with visibility from South Market Street and access to major roadways. Parking is available on the property and along the street, supporting a range of office, shop, and service-oriented operations.
The building is located at 2918 S Market Street in Redding, with visibility from South Market Street and access to major roadways. Parking is available on the property and along the street, supporting a range of office, shop, and service-oriented operations.
Key Highlights
- 1,872‑square‑foot flex building
- Front office and reception area
- Rear warehouse or shop space
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
$22,569
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
8.09%
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%
$451,380
$451.4K
Cap Rate 7%
$322,414
$322.4K
Cap Rate 9%
$250,767
$250.8K
Market Conditions
NOI Build-Up for 1,872 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
$34.6K $18.48/SF
− Vacancy
−$2.4K −$1.26/SF
EGI
$32.2K $17.22/SF
− OpEx
−$9.7K −$5.17/SF
NOI
$22.6K $12.06/SF
Area
Shasta County, CA
Vacancy
6.80%
Lease Rate
$18.48 /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%
$451,380
Cap Rate 7%
$322,414
Cap Rate 9%
$250,767
Alternative Uses
Best Use
Warehouse
$370.1K
$323.8K – $431.8K
NOI $25,907 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$322.4K
$282.1K – $376.2K
NOI $22,569 @ 7.0% cap · market cap 8.09%
Theoretical Best
Specialty Retail
$416.8K
$364.7K – $486.2K
NOI $29,174 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 96001, CA
33,914
Population
14,370
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
72.4 sq mi
ZIP Area
468
Density / Sq Mi
$70,594
Median Household Income
$42,316
Median Earnings
$1,238
Median Rent
$385,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sweetie's Cafe & Catering — 3105 S Market St, Redding, CA 96001
Frequently Asked Questions
What type of property is this?
Flex space - Front reception and rear shop areas accommodate office administration, storage, and commercial work functions.
Where is this flex space located?
The property is located at 2918 S Market Street Redding, CA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,872‑square‑foot flex building; Front office and reception area; Rear warehouse or shop space
