Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1008 Meier Dr Chico, CA 95926

    Sponsored
    For Sale
    $469,000

    Residential Multi Family, Other - Chico, CA

    Property size:
    2,083 SF
    Lot size:
    0.23 Acres
    Days on Market:
    124
    Last Refresh:
    Jan 18 at 8:06 pm

    Property Features for 1008 Meier Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    2,083 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1974
    Architectural style
    Other

    We can help!

    Listing Contact
    Jacob Darr
    Jacob Darr

    NextHome, Inc

    Listing agent Jacob Darr (530) 717-0579 License #01946759,PersonLicenseNumber

    Listing date Sep 17, 2025

    MLS# SN25180629 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Chico Duplex with Income Potential

    This duplex features two distinct units, each offering amenities and long-term tenants. Unit A, a 2-bedroom, 2-bathroom unit, includes luxury vinyl plank flooring in the entryway, kitchen, dining area, and bathrooms, with newer carpeting in the living room and bedrooms. It also features a private backyard with a covered patio and an attached 2-car garage. Unit B, a 2-bedroom, 1-bathroom unit, has a functional floor plan and its own private backyard, a covered patio, and an attached 2-car garage. The property is centrally located, approximately a 5-minute drive from local shopping and groceries and about 10 minutes from downtown dining and entertainment. The property is situated on a 0.23-acre lot. The building size is 2,083 square feet. This duplex is located in Chico, CA 95926.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    From The Heart Illustrations ... Graphic Designer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8788175
    Latitude
    39.7458484

    Nearby Similar for Sale

    • $1,295,000
      16,722 SF

      Versatile Church Facility with Duplex

      15,000 sq ft church with duplex on 2.3 acres.
      355 Panama Ave, Chico, CA 95973
      View Details
    • $585,000
      2,756 SF

      Unique Chico Live-Work Property

      One-of-a-kind property with home and business potential.
      406 Panama Ave, Chico, CA 95973
      View Details
    • $575,000
      2,157 SF

      Updated Duplex in Desirable Neighborhood

      Updated duplex perfect for investors or owner-occupants in Chico.
      465 Waterford Dr, Chico, CA 95973
      View Details
    • $595,000
      1,040 SF

      Chico Commercial Property with Shop

      Versatile commercial property featuring office space and extensive shop capacity.
      199 East Shasta Ave, Chico, CA 95973
      View Details
    • $390,000
      Pending

      Charming Chico Duplex with Income

      Charming Chico duplex perfect for multi-generational living or rental income.
      476 E 7Th St, Chico, CA 95926
      View Details
    • $999,000
      2,755 SF

      Chico Commercial/Residential Income Opportunity

      Two homes on a corner lot, ideal for Airbnb rentals.
      1050 Esplanade, Chico, CA 95926
      View Details
    • New
      $999,000
      2,755 SF

      Chico Investment Opportunity: Two Homes

      Two homes on a corner lot, currently successful Airbnbs.
      1050 Esplanade, Chico, CA 95926
      View Details
    • $2,750,000
      15,000 SF

      Downtown Chico Hotel Investment Opportunity

      36-room hotel in downtown Chico with high visibility.
      725 Broadway St, Chico, CA 95928
      View Details
    • $1,950,000
      9,768 SF

      Historic El Rey Theater For Sale

      Historic Chico theater and retail spaces for sale.
      230 W 2Nd St, Chico, CA 95928
      View Details
    • $2,950,000
      20,000 SF

      Safari Inn Hospitality Investment

      51-room hotel with manager's quarters in Chico, California.
      2352 Esplanade, Chico, CA 95926
      View Details
    • $499,000
      1,600 SF

      Income Property Near Chico State

      Multi-unit property near downtown and Chico State. Investment opportunity.
      1326 Mulberry St, Chico, CA 95928
      View Details
    • $480,000
      2,020 SF

      Chico Duplex Near Downtown

      Remodeled, fully occupied duplex near downtown Chico and Bidwell Park.
      735 Pine St, Chico, CA 95928
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex featuring updated units, private yards, and attached garages.
    Where is this duplex located?
    The property is located at 1008 Meier Dr Chico, CA.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: - Duplex with two separate units, ideal for investors or homeowners seeking rental income.; - Each unit features a private backyard with a covered patio and an attached 2-car garage.; - Unit A: Updated with LVP flooring in key areas and newer carpeting in living room and bedrooms.
    (530) 717-0579
    Request Owner's contact information
    1008 Meier Dr Chico, CA 95926
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1008 Meier Dr
    Chico, CA 95926
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1008 Meier Dr Chico, CA 95926
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jacob Darr
    Jacob Darr
    Real Estate License ID: 01946759,PersonLicenseNumber
    (530) 717-0579
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.