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    Redding Multi-Tenant Investment Property Title is generated by Realmo AI

    415 Knollcrest Dr, Redding, CA

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    Fully leased office building in Redcliff Business Park.

    Type:OFFICE
    Property size:
    15,132 SF
    Lot size:
    0.97 Acres
    Price / SF:
    $175/SF
    Added:
    Nov 21, 2025
    Days on Market:
    202
    Last Refresh:
    May 19 at 9:33 pm

    Property Features for 415 Knollcrest Dr

    General Information

    Standard status
    Active
    Size
    15,132 SF
    Lot size
    0.97 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Tyler Jardine
    Tyler Jardine

    Listing agent Tyler Jardine

    Listing office Capital Rivers Commercial

    Listing date Nov 21, 2025

    Source Moodyscre

    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

    HighLights

    • Fully leased multi‑tenant investment property.
    • 7% Cap Rate based on stabilized expenses.
    • Below market rental rates offer potential for increased returns.
    • Priced at $175 per square foot, below replacement cost.
    • Located in Redding’s Redcliff Business Park.
    • 52 off‑street parking spaces.

    Overview

    This multi-tenant investment property is located in Redding’s Redcliff Business Park. The property offers 15,132 square feet of space and features 52 off-street parking spaces. It is fully leased and presents opportunities for growth and increased returns due to current rental rates being considered below market. The property is competitively priced at $175 per square foot, which is below replacement cost and comparable sales. The cap rate is 7% based on stabilized expenses.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $308.7k $20.40
    − Vacancy −$65.8k −$4.35
    EGI $242.9k $16.05
    − OpEx −$60.7k −$4.01
    NOI $182.2k $12.04
    15,132 SF · lease $20.40/SF/yr · vacancy 21.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.60M
    $2.28M – $3.04M (±1% cap)
    NOI $182,206 @ 7.0% cap · market cap 6.88%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $3.37M
    $2.95M – $3.93M (±1% cap)
    NOI $235,823 @ 7.0% cap · market cap 8.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heather Stokes Consultant Associa Northern California Property Management Company Windermere Real Estate Real Estate Agency VITEK Mortgage Group Loan Service Heather Parker Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.365
    Latitude
    40.5725

    FAQs

    What type of property is this?
    Office building - Fully leased office building in Redcliff Business Park.
    Where is this office building located?
    The property is located at 415 Knollcrest Dr Redding, CA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: Fully leased multi‑tenant investment property.; 7% Cap Rate based on stabilized expenses.; Below market rental rates offer potential for increased returns.
    (530) 524-1537 Call to check price and availability
    More about this property
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