Three-Story Office
For Sale
$350,000
5000 Bechelli, Redding, CA 96002
Professional workspace with river views, dedicated parking, private offices, conference space, reception, and kitchenette.
Property Size1,693 SF
Price / SF$206.73
Days on Market41
Property Features for 5000 Bechelli
General Information
Standard status
Active
Size
1,693 SF
Property subtype
Office
Amenities
Central Air
3
Carbon Monoxide Detector, None
River
River. Bluff.
Building Details
Year Built
1980
Listing Agency:
(530) 228-2550
Listed By:
Platinum Partners Real Estate
Source:
Xome
Added: Jul 21
Changed: Aug 24
Last Checked: Aug 29 at 5:54AM
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 Platinum Partners Real Estate
Investment Insights
Based on property information with market context.
This three-story office condo provides a structured professional setting with five private offices, a conference room, a large reception area, one small bathroom, and a kitchenette. The multi-level arrangement separates private work areas from meeting and shared spaces, while central air supports year-round comfort. River views add a distinctive visual element to the workspace.
The property includes a dedicated parking lot for employees, clients, and visitors. Located at 5000 Bechelli in Redding, the office is positioned near nearby businesses, shopping, dining, ongoing development, and I-5 access. Built in 1980, the property offers an established office configuration with practical features for an owner-user or business seeking a dedicated commercial setting.
The property includes a dedicated parking lot for employees, clients, and visitors. Located at 5000 Bechelli in Redding, the office is positioned near nearby businesses, shopping, dining, ongoing development, and I-5 access. Built in 1980, the property offers an established office configuration with practical features for an owner-user or business seeking a dedicated commercial setting.
Key Highlights
- Three‑story office condo with five private offices
- Conference room, large reception area, kitchenette, and one small bathroom
- River views from the professional workspace
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
$20,386
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
5.82%
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%
$407,720
$407.7K
Cap Rate 7%
$291,229
$291.2K
Cap Rate 9%
$226,511
$226.5K
Market Conditions
NOI Build-Up for 1,693 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
$34.5K $20.40/SF
− Vacancy
−$7.4K −$4.35/SF
EGI
$27.2K $16.05/SF
− OpEx
−$6.8K −$4.01/SF
NOI
$20.4K $12.04/SF
Area
Shasta County, CA
Vacancy
21.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$407,720
Cap Rate 7%
$291,229
Cap Rate 9%
$226,511
Alternative Uses
Best Use
Office B
$291.2K
$254.8K – $339.8K
NOI $20,386 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$376.9K
$329.8K – $439.7K
NOI $26,384 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional workspace with river views, dedicated parking, private offices, conference space, reception, and kitchenette.
Where is this office units located?
The property is located at 5000 Bechelli Redding, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑story office condo with five private offices; Conference room, large reception area, kitchenette, and one small bathroom; River views from the professional workspace
