Office-Warehouse Flex
For Sale
$265,000
2918 S Market Street, Redding, CA 96001
Commercial Sale, Redding, CA
Property Size1,872 SF
Price / SF$141.56
Days on Market93
Property Features for 2918 S Market Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Redding HC Heavy Commercial
Parking features
On Street
Subdivision
04 - SW Redding
Standard status
Active
APN
104-010-003-000
Size
1,872 SF
Building Details
Year built
1954
Listing Agency:
Relevant Real Estate
(530) 945-7352
Listed By:
Amanda Bauder · License #02230527
(530) 355-2570
Added: Jul 6
Changed: Oct 2
Last Checked: Oct 6 at 10:06PM
MLS# 26-3259
Copyright © 2026 Shasta Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,872-square-foot flex property pairs a front office and reception area with a warehouse/shop at the rear. The arrangement combines administrative space with room for storage or work activity. Built in 1954, the building is located at 2918 S Market Street in Redding, California. On-street parking is available.
Key Highlights
- 1,872‑square‑foot building with front office/reception and rear warehouse/shop
- Built in 1954
- On‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,569
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
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
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 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 9.78%
Second Best
Industrial
$322.4K
$282.1K – $376.2K
NOI $22,569 @ 7.0% cap · market cap 8.52%
Theoretical Best
Specialty Retail
$416.8K
$364.7K – $486.2K
NOI $29,174 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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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 - A front reception area and rear work/storage space support administrative and operational functions in one building.
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 $265,000.
What are key features of this property?
This property features: 1,872‑square‑foot building with front office/reception and rear warehouse/shop; Built in 1954; On‑street parking
