Leased Retail Building With
For Sale
$1,290,000
610 Market Street, Redding, CA 96003
Well-maintained retail building is fully leased to stable tenants and includes ample on-site parking for convenient access.
Property Size8,600 SF
Price / SF$150
Days on Market293
Property Features for 610 Market Street
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Mixed Use
Occupancy
100%
Amenities
3
Building Details
Year Built
1967
Listing Agency:
(530) 355-3877
Listed By:
Northstate Real Estate Professionals
(530) 355-3877
Source:
Xome
Added: Nov 2, 2025
Changed: Aug 19
Last Checked: Aug 21 at 4:11AM
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 Northstate Real Estate Professionals
Investment Insights
Based on property information with market context.
North Market Square is a well-maintained retail building that is fully leased to stable tenants. The property is positioned to provide consistent income and is presented as a turn-key, income-oriented asset.
Located at 610 N Market Street in Redding, the property benefits from strong visibility along a major commercial corridor. Convenient access and ample on-site parking support day-to-day customer flow and tenant operations.
The building totals approximately 8,600 square feet and is being offered for sale as part of a long-term, leased investment profile.
Located at 610 N Market Street in Redding, the property benefits from strong visibility along a major commercial corridor. Convenient access and ample on-site parking support day-to-day customer flow and tenant operations.
The building totals approximately 8,600 square feet and is being offered for sale as part of a long-term, leased investment profile.
Key Highlights
- Well‑maintained retail building at North Market Square that is fully leased to stable tenants
- Includes ample on‑site parking for convenient access
- Year built: 1967
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
$112,843
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
8.75%
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%
$2,256,860
$2.3M
Cap Rate 7%
$1,612,043
$1.6M
Cap Rate 9%
$1,253,811
$1.3M
Market Conditions
NOI Build-Up for 8,600 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
$171.3K $19.92/SF
− Vacancy
−$10.1K −$1.18/SF
EGI
$161.2K $18.74/SF
− OpEx
−$48.4K −$5.62/SF
NOI
$112.8K $13.12/SF
Area
Shasta County, CA
Vacancy
5.90%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
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%
$2,256,860
Cap Rate 7%
$1,612,043
Cap Rate 9%
$1,253,811
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,843 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.91M
$1.68M – $2.23M
NOI $134,026 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Hotels & Casinos 10%
Home Improvements & Furnishings 2%
Dutch Bros. Coffee
Dining
17,369 visits/mo
0.2 miles
Travelodge
Hotels & Casinos
2,131 visits/mo
0.0 miles
Pizza Factory
Dining
1,365 visits/mo
0.0 miles
Westside Pizza
Dining
839 visits/mo
0.0 miles
Airgas
Home Improvements & Furnishings
481 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lake Boulevard Plaza Shopping Center — Redding, CA 96003
Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained retail building is fully leased to stable tenants and includes ample on-site parking for convenient access.
Where is this shopping center located?
The property is located at 610 Market Street Redding, CA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Well‑maintained retail building at North Market Square that is fully leased to stable tenants; Includes ample on‑site parking for convenient access; Year built: 1967
