Leased Strip Mall and
For Sale
$795,000
810 Lake Boulevard, Redding, CA 96003
COMMERCIAL - Redding, CA
Property Size6,600 SF
Price / SF$120.45
Days on Market48
Property Features for 810 Lake Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RED - O-S - Open Space District
Parking features
Off Street, On Street
Directions
Lake Blvd West to property on left before Panorama Dr.
Subdivision
01 - NW Redding
Standard status
Active
APN
113-100-028-000
Size
6,600 SF
Building Details
Year built
1990
Flooring type
Concrete
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
Relevant Real Estate
(530) 319-3301
Listed By:
Dustin Foster · License #1709563
(530) 515-7186
Added: Jun 26
Changed: Aug 4
Last Checked: Aug 12 at 2:06AM
MLS# 26-3086
Copyright © 2026 Shasta Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 800/810 Lake Boulevard includes a 6,600 square foot strip mall and a 1,400 square foot single-family home. Both components are described as tenant-occupied, creating two separate rental streams within the same ownership. The strip mall is presented as an income-producing retail asset with established tenants.
Located on Lake Boulevard in Redding, CA (Shasta County), the offering is positioned for retail and neighborhood convenience. The public remarks indicate the property is near shopping, restaurants, and major transportation corridors, supporting an everyday tenant draw for retail and residential renters.
This configuration may suit investors looking to own a combined retail and residential income property under one umbrella. With the strip mall and the single-family home both operating as leased space, it provides a straightforward way to diversify rental exposure while maintaining a single-site ownership and management footprint. The seller’s materials describe the opportunity as fully leased, with occupancy tied to both the commercial and residential portions of the property.
Located on Lake Boulevard in Redding, CA (Shasta County), the offering is positioned for retail and neighborhood convenience. The public remarks indicate the property is near shopping, restaurants, and major transportation corridors, supporting an everyday tenant draw for retail and residential renters.
This configuration may suit investors looking to own a combined retail and residential income property under one umbrella. With the strip mall and the single-family home both operating as leased space, it provides a straightforward way to diversify rental exposure while maintaining a single-site ownership and management footprint. The seller’s materials describe the opportunity as fully leased, with occupancy tied to both the commercial and residential portions of the property.
Key Highlights
- Fully leased 6,600 SF strip mall with established tenants for income potential
- Tenant‑occupied 1,400 SF single‑family home included for additional rental income
- Built in 1990 with stucco and wood siding exterior and composition roof
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
$72,190
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
9.08%
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%
$1,443,800
$1.4M
Cap Rate 7%
$1,031,286
$1.0M
Cap Rate 9%
$802,111
$802.1K
Market Conditions
NOI Build-Up for 6,600 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
$138.6K $21.00/SF
− Vacancy
−$7.3K −$1.11/SF
EGI
$131.3K $19.89/SF
− OpEx
−$59.1K −$8.95/SF
NOI
$72.2K $10.94/SF
Area
Shasta County, CA
Vacancy
5.30%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,443,800
Cap Rate 7%
$1,031,286
Cap Rate 9%
$802,111
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.44M
NOI $86,601 @ 7.0% cap · market cap 10.89%
Second Best
Mixed Use
$1.06M
$925.8K – $1.23M
NOI $74,061 @ 7.0% cap · market cap 9.32%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.71M
NOI $102,857 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
AutoZone
Shops & Services
3,658 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - For sale investment with a tenant-occupied strip mall plus an additional rental home on Lake Boulevard.
Where is this mixed-use property located?
The property is located at 810 Lake Boulevard Redding, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Fully leased 6,600 SF strip mall with established tenants for income potential; Tenant‑occupied 1,400 SF single‑family home included for additional rental income; Built in 1990 with stucco and wood siding exterior and composition roof
