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    Kimberly Shaffer, Chico, CA

    License ID: 01415693
    CENTURY 21 Select Real Estate, Inc.
    Years of Experience
    3

    Service Locations

    Contact details

    Phone:
    (530) 680-7685

    Performance

    Listings
    39
    Price range
    $418k - 771k
    Average price
    $595k

    Listings

    For Sale (17)

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    • Contact for pricing
      9,000 SF

      Chico Warehouse: 9,000 SF

      Spacious Chico warehouse, two docks, two roll-ups. Owner-financed improvements possible.
      415 Dr, Chico, CA 95928
      View Details
    • $599,000
      5,745 SF

      Chico Office Building - Great ROI

      Fully occupied, high-return office investment.
      55 Declaration Dr, Chico, CA 95973
      View Details
    • $625,000
      8,845 SF

      Prime Paradise Office Complex

      Three Suites, 8,845 SF, $625,000
      6283 1, Paradise, CA 95969
      View Details
    • Contact for pricing
      368 SF

      Chico Office Space: Prime Location

      South Chico office, 368 sq ft, great value.
      2535 Ave Unit 140, Chico, CA 95928
      View Details
    • $900,000

      1355 Washington Ave, Oroville, CA 95965

      Turn key restaurants
      1355 Washington Ave, Oroville, CA 95965
      View Details
    • $5,338,704

      Prime Commercial Land in Oroville

      14.48-acre commercial parcel ideal for mixed-use development.
      Montgomery St, Oroville, CA 95965
      View Details
    • $163,784

      Industrial Lot Near Chico Airport

      0.94-acre lot zoned for light industrial use.
      130 Three Oaks Ct, Chico, CA 95973
      View Details
    • $536,660

      Chico Light Industrial Land

      3.08 acre light industrial lot near Chico airport.
      110 Three Oaks Ct, Chico, CA 95973
      View Details
    • $198,632

      Light Industrial Land Near Airport

      1.14-acre lot near Chico Airport, ideal for development.
      131 Skycreek Ct, Chico, CA 95973
      View Details
    • $187,310

      Light Industrial Lot Near Airport

      0.86 acre light industrial lot near Chico airport.
      140 Three Oaks Ct, Chico, CA 95973
      View Details
    • $203,643

      Light Industrial Lot Near Airport

      0.85 acre light industrial lot with full public services.
      141 Skycreek Ct, Chico, CA 95973
      View Details
    • $282,268

      Light Industrial Land Near Airport

      1.62-acre light industrial parcel near Chico Airport.
      101 Skycreek Ct, Chico, CA 95973
      View Details
    • $2,000,000

      Mixed-Use Property in Oroville

      Income-generating property with daycare, commercial space, and residential units.
      2075 Baldwin Ave, Oroville, CA 95966
      View Details
    • $700,000

      Turnkey Gym Investment Opportunity

      Remodeled gym property with long-term tenant in downtown Oroville.
      1790 Montgomery St, Oroville, CA 95965
      View Details
    • $1,025,000

      Oroville Office Building For Sale

      6,000 sq ft office building with NNN lease.
      1276 Feather Riv Blvd Blvd, Oroville, CA 95965
      View Details
    • $3,372,460

      Land For Sale in Chico

      Land available for sale in Chico, California.
      Wilder Dr, Chico, CA 95928
      View Details
    • $5,900,000

      Spacious Industrial Property with Seven Units

      Large industrial building with multiple units, ideal for various operations.
      2812 Hegan Ln, Chico, CA 95928
      View Details

    For Lease (22)

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    • $3,000 /Mo

      Warehouse with Outdoor Space

      2,400 sq ft warehouse with 1,200 sq ft patio.
      1726 Montgomery St, Oroville, CA 95965
      View Details
    • $2,900 /Mo

      Downtown Chico Restaurant Space Available

      Second generation restaurant space in downtown Chico near university.
      243 W 2Nd St, Chico, CA 95928
      View Details
    • $1,840 /Mo

      Functional Office Space Available

      1534 sq ft office with reception and private offices.
      48 Hanover Ln, Chico, CA 95973
      View Details
    • $4,146 /Mo

      Retail Space Available For Rent

      Retail space available for lease in Chico, California.
      241 West East Ave, Chico, CA 95973
      View Details
    • $4,050 /Mo

      Warehouse with Roll-Ups and Docks

      Spacious warehouse featuring roll-up doors and loading docks for rent.
      415 Otterson Dr, Chico, CA 95928
      View Details
    • $4,950 /Mo

      Medical/Office Building Corner Location

      Stand-alone medical/office building with high visibility and modern updates.
      19 Ilahee Ln, Chico, CA 95973
      View Details
    • $2,358 /Mo

      Office Suite with Multiple Offices

      First floor office suite featuring a reception area and offices.
      20 Declaration Dr, Chico, CA 95973
      View Details
    • $1,050 /Mo

      Downtown Chico Victorian Office Space

      Charming Victorian office space in downtown Chico. Utilities included.
      344 Flume Ab, Chico, CA 95928
      View Details
    • $5,100 /Mo

      Warehouse with Large Yard Space

      2,400 SF warehouse with 31,000 SF yard for lease.
      2530 South Whitman Pl, Chico, CA 95928
      View Details
    • $900 /Mo

      Move-in Ready Chico Office Space

      Functional office space in a well-maintained Chico complex.
      2107 Forest Ave, Chico, CA 95928
      View Details
    • $2,800 /Mo

      Versatile Office Warehouse Space

      Office and warehouse space near Chico Airport.
      275 Fairchild 105, Chico, CA 95928
      View Details
    • $1,500 /Mo

      North Chico Warehouse with Office

      Warehouse unit with office space in North Chico.
      3199 Plummers Dr, Chico, CA 95973
      View Details
    • $1,350 /Mo

      Oroville Warehouse Space Available

      1,350 sq ft warehouse space suitable for multiple uses.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • $1,800 /Mo

      Functional Warehouse Space Available

      1,800 sq ft warehouse with flexible layout for rent.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • $1,500 /Mo

      Flexible Office/Retail Space Available

      Adaptable 1,500 sq ft space suitable for various businesses.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • $960 /Mo

      Compact Warehouse Space For Rent

      960 sq. ft. warehouse suitable for various business uses.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • $2,000 /Mo

      Adaptable Warehouse Space For Rent

      2,000 sq ft warehouse with roll-up doors.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • $1,700 /Mo

      Warehouse/Office Space For Rent

      1,700 sq. ft. warehouse/office space for flexible business operations.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • $6,000 /Mo

      Versatile Commercial Space in Oroville

      6,000 sq ft office and warehouse space for lease.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • $10,310 /Mo

      Specialty Property Available For Rent

      Specialty property for rent, ideal for various business ventures.
      2580 Sierra Sunrise Ter, Chico, CA 95928
      View Details
    • $1,350 /Mo

      Downtown Oroville Retail Space Available

      Prime retail space in downtown Oroville with open layout.
      1555 Myers St, Oroville, CA 95965
      View Details
    • $2,900 /Mo

      Downtown Chico Restaurant Space Available

      Second generation restaurant space in downtown Chico near Chico State.
      243 W 2Nd St, Chico, CA 95928
      View Details

    Leases and Sales on Map

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    Kimberly Shaffer, Chico, CA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Kimberly Shaffer, Chico, CA
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