Light Industrial Auto Shop
For Sale
$450,000
6854 Airport Rd, Redding, CA 96002
Light industrial property with a front retail building and rear automotive shop, plus utilities via PG&E, well, and septic.
Property Size2,600 SF
Lot Size0.63 Acres
Days on Market201
Property Features for 6854 Airport Rd
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.63 Acres
Property subtype
Industrial
Zoning
M-L-AP
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
2,600 SF
Listing Agency:
Haedrich & Co., Inc.
Listed By:
Ryan Haedrich, CCIM · License #01747622
(530) 221-1127
Source:
Thebrokerlist
Added: Feb 18
Changed: Sep 5
Last Checked: Jul 23 at 11:21AM
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 Haedrich & Co., Inc.
Investment Insights
Based on property information with market context.
This light industrial property includes multiple improved structures suited for a range of uses. A front commercial building sits along Airport Road with approximately 95 feet of frontage and two curb cuts. In the rear, there is a 1,600+/- square foot shop building currently used as an automotive shop, as well as a single wide mobile installed in 1978. The parcel is partially asphalt paved and is rectangular in shape.
The property is located along the west side of Airport Road in the County of Shasta, just past Hole in 1 Drive. It is zoned light industrial under the airport specific plan (M-L-AP), offering flexibility for buyers seeking an industrial-focused site with existing improvements and direct access.
Utilities include PG&E electrical and gas, along with a well and septic system.
The property is located along the west side of Airport Road in the County of Shasta, just past Hole in 1 Drive. It is zoned light industrial under the airport specific plan (M-L-AP), offering flexibility for buyers seeking an industrial-focused site with existing improvements and direct access.
Utilities include PG&E electrical and gas, along with a well and septic system.
Key Highlights
- Light industrial property zoned light industrial with Airport Specific Plan (M‑L‑AP) in the County of Shasta
- Front commercial building along Airport Road with 95 ft of frontage and two curb cuts
- Rear 1,600+/- SF shop building currently used for an automotive shop
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
$34,115
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
7.58%
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%
$682,300
$682.3K
Cap Rate 7%
$487,357
$487.4K
Cap Rate 9%
$379,056
$379.1K
Market Conditions
NOI Build-Up for 2,600 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
$51.8K $19.92/SF
− Vacancy
−$3.1K −$1.18/SF
EGI
$48.7K $18.74/SF
− OpEx
−$14.6K −$5.62/SF
NOI
$34.1K $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%
$682,300
Cap Rate 7%
$487,357
Cap Rate 9%
$379,056
Alternative Uses
Best Use
Retail
$487.4K
$426.4K – $568.6K
NOI $34,115 @ 7.0% cap · market cap 7.58%
Second Best
Industrial
$447.8K
$391.8K – $522.5K
NOI $31,347 @ 7.0% cap · market cap 6.97%
Theoretical Best
Specialty Retail
$578.8K
$506.5K – $675.3K
NOI $40,519 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carburetors — Airport Rd, Redding, CA 96002
- Fairway Tire & Auto — 6854 Airport Rd, Redding, CA 96002
- Stimpel-Wiebelhaus White Rock — 7065 Aviator Ln, Redding, CA 96002
Frequently Asked Questions
What type of property is this?
Auto shop - Light industrial property with a front retail building and rear automotive shop, plus utilities via PG&E, well, and septic.
Where is this auto shop located?
The property is located at 6854 Airport Rd Redding, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Light industrial property zoned light industrial with Airport Specific Plan (M‑L‑AP) in the County of Shasta; Front commercial building along Airport Road with 95 ft of frontage and two curb cuts; Rear 1,600+/- SF shop building currently used for an automotive shop
