Industrial Flex Property with
For Sale
$645,000
3307 Tarmac Road, Redding, CA 96003
General Industrial land combines multiple work areas, storage buildings, and a manufactured home on a permanent foundation.
Property Size2,500 SF
Lot Size10.00 Acres
Price / SF$258
Days on Market10
Property Features for 3307 Tarmac Road
General Information
Standard status
Active
Size
2,500 SF
Lot size
10.00 Acres
Property subtype
Industrial
Zoning
General Industrial
Warehouse & Industrial
Voltage
220 V
Three-Phase Power
Yes
Amenities
3
Parking.
Off Street.
Building Details
Year Built
1987
Listing Agency:
eXp Realty of California, Inc.
(530) 221-7478
Listed By:
Nate Molter · License #01269275
(530) 221-7478
Source:
Xome
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 20 at 7:09AM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
This 10-acre General Industrial property includes several work and storage improvements alongside a manufactured home. The attached 46 x 36-foot garage has 20 Amp and 30 Amp hookups, two sliding doors exceeding 12 feet in height, and a 10-foot rolling door. A detached 18 x 73-foot shop adds an office, bathroom, laundry area, separate septic system, 9-foot and 12-foot roll-up doors, a 13-foot sliding door, and 220V three-phase power. A separate 19 x 20-foot storage shop provides another roll-up door.
The manufactured home sits on a permanent foundation and includes an expanded game room, newer HVAC and ducting, a metal roof, updated flooring, custom cabinetry, a walk-in pantry, vaulted ceilings, and a custom wood beam in the living room. The property is located at 3307 Tarmac Road in Redding, California.
The manufactured home sits on a permanent foundation and includes an expanded game room, newer HVAC and ducting, a metal roof, updated flooring, custom cabinetry, a walk-in pantry, vaulted ceilings, and a custom wood beam in the living room. The property is located at 3307 Tarmac Road in Redding, California.
Key Highlights
- 10 acres of General Industrial property in Redding, California
- Attached 46 x 36‑foot garage with 20 Amp and 30 Amp hookups
- Garage includes two sliding 12'+ tall doors and a 10‑foot rolling door
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
$34,599
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
5.36%
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%
$691,980
$692.0K
Cap Rate 7%
$494,271
$494.3K
Cap Rate 9%
$384,433
$384.4K
Market Conditions
NOI Build-Up for 2,500 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
$44.1K $17.64/SF
− Vacancy
−$3.4K −$1.36/SF
EGI
$40.7K $16.28/SF
− OpEx
−$6.1K −$2.44/SF
NOI
$34.6K $13.84/SF
Area
Shasta County, CA
Vacancy
7.70%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
15.00%
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%
$691,980
Cap Rate 7%
$494,271
Cap Rate 9%
$384,433
Alternative Uses
Best Use
Warehouse
$494.3K
$432.5K – $576.7K
NOI $34,599 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$430.6K
$376.8K – $502.4K
NOI $30,141 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$556.6K
$487.0K – $649.4K
NOI $38,961 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 96003, CA
45,185
Population
19,873
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
111.2 sq mi
ZIP Area
406
Density / Sq Mi
$71,801
Median Household Income
$39,295
Median Earnings
$1,402
Median Rent
$370,500
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?
Flex space - General Industrial land combines multiple work areas, storage buildings, and a manufactured home on a permanent foundation.
Where is this flex space located?
The property is located at 3307 Tarmac Road Redding, CA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 10 acres of General Industrial property in Redding, California; Attached 46 x 36‑foot garage with 20 Amp and 30 Amp hookups; Garage includes two sliding 12'+ tall doors and a 10‑foot rolling door
