Two-Building Office
For Sale
$1,000,000
3642 Electro Way, Redding, CA 96002
Flexible office configuration near the airport, surrounded by established industrial and commercial activity.
Property Size4,012 SF
Price / SF$249.25
Days on Market57
Property Features for 3642 Electro Way
General Information
Standard status
Active
Size
4,012 SF
Building Details
Buildings
2
Listing Agency:
Young and Company Real Estate
(530) 356-1151
Listed By:
Amy Clarke
(530) 209-7079
Source:
Exprealty
Added: Aug 11
Changed: Sep 12
Last Checked: Oct 5 at 7:38PM
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 Young and Company Real Estate
Investment Insights
Based on property information with market context.
This office property at 3642 Electro Way includes two separate buildings measuring 2,232 square feet and 1,780 square feet. The buildings previously served as the Hiline Homes business office and included mock-home presentation areas and related amenities. The configuration offers a professional commercial setting with adaptable space for office-based operations and other business applications.
The property is positioned near the airport within an industrial and commercial district that includes established businesses and ongoing commercial activity. Access to major transportation routes supports convenient movement for employees, clients, vendors, and business operations, while the surrounding setting provides visibility within an active commercial environment.
The property is positioned near the airport within an industrial and commercial district that includes established businesses and ongoing commercial activity. Access to major transportation routes supports convenient movement for employees, clients, vendors, and business operations, while the surrounding setting provides visibility within an active commercial environment.
Key Highlights
- Two office buildings measuring 2,232 SF and 1,780 SF
- Previously used as the Hiline Homes business office
- Mock‑home presentation areas and related amenities included in the prior office setup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,370
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,400
$967.4K
Cap Rate 7%
$691,000
$691.0K
Cap Rate 9%
$537,444
$537.4K
Market Conditions
NOI Build-Up for 4,012 SF
Gross rent
$74.1K $18.48/SF
− Vacancy
−$5.0K −$1.26/SF
EGI
$69.1K $17.22/SF
− OpEx
−$20.7K −$5.17/SF
NOI
$48.4K $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%
$967,400
Cap Rate 7%
$691,000
Cap Rate 9%
$537,444
Alternative Uses
Best Use
Industrial
$691.0K
$604.6K – $806.2K
NOI $48,370 @ 7.0% cap · market cap 4.84%
Second Best
Office B
$690.1K
$603.9K – $805.2K
NOI $48,309 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$893.2K
$781.6K – $1.04M
NOI $62,525 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
71
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office configuration near the airport, surrounded by established industrial and commercial activity.
Where is this office building located?
The property is located at 3642 Electro Way Redding, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two office buildings measuring 2,232 SF and 1,780 SF; Previously used as the Hiline Homes business office; Mock‑home presentation areas and related amenities included in the prior office setup
