Industrial Land with Airport Road
For Sale
$599,000
8743 Airport Road, Redding, CA 96002
Commercial Sale, Redding, CA
Property Size2,000 SF
Lot Size5.20 Acres
Price / SF$299.50
Days on Market174
Property Features for 8743 Airport Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Non Conforming
Parking features
Off Street, On Street
Directions
Airport Rd, just north of Rancho Rd. Property is on the East side of Airport Rd.
Subdivision
03 - SE Redding
Standard status
Active
APN
054-440-007-000
Size
2,000 SF
Lot size
5.20 Acres
Building Details
Flooring type
Carpet - Full
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
TREG INC - The Real Estate Group
(530) 222-5522
Listed By:
Diane Andrews · License #00955950
(530) 515-5851
Added: Mar 1
Changed: Aug 21
Last Checked: Aug 22 at 7:06AM
MLS# 26-787
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.
This offering features an industrial-zoned land parcel with an existing 3-bedroom, 2-bath residential structure of approximately 2,000 square feet. The home is currently in need of significant TLC, but it may provide interim utility as temporary on-site space, an office conversion, or holding income while longer-term development plans are considered.
The property is positioned in a busy commercial corridor with Airport Road frontage. It is flanked by established multi-tenant industrial and commercial buildings, placing it in an active business environment.
For buyers focused on land value and future site improvements, the parcel’s industrial setting supports a range of possible uses, including warehouse or distribution development, flex industrial or contractor bays, storage or equipment staging, manufacturing or fabrication, and truck yard uses. It also offers potential for multi-tenant commercial and industrial build-out. Buyer to verify specific usage allowances and development requirements with the appropriate authorities.
The property is positioned in a busy commercial corridor with Airport Road frontage. It is flanked by established multi-tenant industrial and commercial buildings, placing it in an active business environment.
For buyers focused on land value and future site improvements, the parcel’s industrial setting supports a range of possible uses, including warehouse or distribution development, flex industrial or contractor bays, storage or equipment staging, manufacturing or fabrication, and truck yard uses. It also offers potential for multi-tenant commercial and industrial build-out. Buyer to verify specific usage allowances and development requirements with the appropriate authorities.
Key Highlights
- Rare 5.2 acre industrial‑zoned property in a prime commercial corridor.
- High development potential for warehouse, distribution, flex industrial, storage, manufacturing, or truck yard.
- Excellent location with Airport Road frontage, surrounded by established industrial and commercial buildings.
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
$21,876
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
3.65%
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%
$437,520
$437.5K
Cap Rate 7%
$312,514
$312.5K
Cap Rate 9%
$243,067
$243.1K
Market Conditions
NOI Build-Up for 2,000 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
$42.0K $21.00/SF
− Vacancy
−$2.2K −$1.11/SF
EGI
$39.8K $19.89/SF
− OpEx
−$17.9K −$8.95/SF
NOI
$21.9K $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%
$437,520
Cap Rate 7%
$312,514
Cap Rate 9%
$243,067
Alternative Uses
Best Use
Apartment 5plus
$312.5K
$273.5K – $364.6K
NOI $21,876 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$445.3K
$389.6K – $519.5K
NOI $31,169 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
184
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - Industrial-zoned parcel with an existing residential structure, offering flexibility for development or interim on-site use.
Where is this industrial land located?
The property is located at 8743 Airport Road Redding, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Rare 5.2 acre industrial‑zoned property in a prime commercial corridor.; High development potential for warehouse, distribution, flex industrial, storage, manufacturing, or truck yard.; Excellent location with Airport Road frontage, surrounded by established industrial and commercial buildings.
