Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Chico Medical/Professional Office Suite Title is generated by Realmo AI

    392 Connors Court, Chico, CA 95926

    View on Map
    Claim this Listing
    For Sale
    $273,400

    Commercial Sale - Chico, CA

    Property size:
    1,380 SF
    Price / SF:
    $198/SF
    Added:
    Mar 13, 2026
    Days on Market:
    66
    Last Refresh:
    May 17 at 6:06 pm

    Property Features for 392 Connors Court

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    006520009000
    Size
    1,380 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Architectural style
    Other

    We can help!

    Listing Contact
    Natalie Korber

    Listing agent Natalie Korber License #02062560

    Listing office Platinum Partners Real Estate 1209 Esplanade Suite 3, Chico, CA

    Listing date Mar 13, 2026

    MLS# SN26054633 Listing URL

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

    HighLights

    • Excellent location near HWY99 and East Avenue.
    • Flexible 1,380 SF floor plan featuring five private offices, reception area, and waiting room.
    • Newer HVAC system (replaced in 2020) with Nest thermostat.
    • Fresh interior paint and durable LVP flooring throughout.
    • Ample on‑site parking.
    • Located in an established professional office complex.

    Overview

    This 1,380 SF medical or professional office suite features fresh interior paint and durable LVP flooring throughout. A newer HVAC system, replaced in 2020, includes a Nest thermostat. The flexible floor plan includes five private offices, two of which have sinks, plus a reception area, waiting room, private restroom, and extensive storage space. A convenient side/back entrance offers additional access for staff or clients. The layout provides a variety of usable workspaces suited for medical, wellness, or professional office needs. Located within an established professional office complex with POA-managed common areas, the property also offers ample on-site parking for both staff and visitors. Positioned near the intersection of HWY99 and East Avenue, this location offers quick connectivity for staff and clients alike, with established residential neighborhoods, shopping centers, dining options, and other professional and healthcare offices all close by. The property is located in Chico, CA.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $178.3K
    NOI $16,047 @ 9.00% cap · cautious / downside scenario
    Moderate
    $229.2K
    NOI $16,047 @ 7.00% cap · market / base-case scenario
    Aggressive
    $320.9K
    NOI $16,047 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $28.2k $20.40
    − Vacancy −$1.4k −$1.02
    EGI $26.7k $19.38
    − OpEx −$10.7k −$7.75
    NOI $16.0k $11.63
    1,380 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $229.2K
    $200.6K – $267.5K (±1% cap)
    NOI $16,047 @ 7.0% cap · market cap 5.87%
    Second Best
    Office B
    $208.6K
    $182.6K – $243.4K (±1% cap)
    NOI $14,604 @ 7.0% cap · market cap 5.34%
    Theoretical Best
    Office A
    $278.6K
    $243.8K – $325.1K (±1% cap)
    NOI $19,504 @ 7.0% cap · market cap 7.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Integrative Massage Center Hair Salon Powell Raymond A MD Physician Skyway House Outpatient ... Medical Clinic Kp Design & Construction, ... Renovation Specialist Carbessentials (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • PawPrints Spay/Neuter Clinic — 2607 Esplanade, Chico, CA 95973
    • Chico Pet Vet — 2156 Pillsbury Rd, Chico, CA 95926
    • Riverwood Veterinary Hospital — 1900 Mangrove Ave #50, Chico, CA 95926
    • PetSites — 2607 Esplanade, Chico, CA 95973
    • Vietnam Vets — Chico, CA 95926

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.855101
    Latitude
    39.759021

    Nearby Similar for Sale

    • $800,000
      2,618 SF

      Chico Office with Residential Potential

      Victorian office near downtown, hospital, and Chico High School.
      1339 Esplanade, Chico, CA 95926
      View Details
    • $815,000
      3,000 SF

      Professional Office Building Investment Opportunity

      Two-unit office building with long-term leases in place.
      2535 Ceanothus, Chico, CA 95973
      View Details
    • $335,000
      2,799 SF

      Professional Office Building in Chico

      Well-maintained office building suitable for owner-users or investors.
      19 Williamsburg, Chico, CA 95926
      View Details
    • $350,000
      11,170 SF

      Motorsports Business Opportunity in Chico

      Established motorsports business with high visibility location and functional layout.
      1538 Park, Chico, CA 95928
      View Details
    • $1,200,000
      11,170 SF

      Commercial Property on Park Avenue

      Highly visible commercial property suitable for retail, service, and warehouse uses.
      1538 Park, Chico, CA 95928
      View Details
    • $829,000
      5,512 SF

      Chico Quadplex Near University

      Quadplex near Chico State and Enloe Hospital.
      131 W 3rd, Chico, CA 95926
      View Details
    • $899,000
      2,755 SF

      Chico Investment Opportunity with Airbnb Potential

      Two homes on a corner lot, currently successful Airbnbs.
      1050 Esplanade, Chico, CA 95926
      View Details
    • $429,000
      2,083 SF

      Chico Duplex with Income Potential

      Duplex with updated units, private yards, and attached garages.
      1008 Meier Drive, Chico, CA 95926
      View Details
    • $995,000
      16,722 SF

      Versatile Chico Commercial Facility

      15,000 sq ft church with duplex on 2.3 acres.
      355 Panama, Chico, CA 95973
      View Details
    • $280,000
      1,869 SF

      Immaculate Office Building in Chico

      Pristine commercial office building in desirable Stonebridge Plaza.
      13 Williamsburg, Chico, CA 95926
      View Details
    • $345,000
      1,302 SF

      Two Homes on One Lot

      Two homes on one lot near Downtown Chico.
      1012 Poppy Street, Chico, CA 95928
      View Details
    • $899,000
      2,755 SF

      Chico Commercial/Residential Income Opportunity

      Two homes on a corner lot, ideal for Airbnb.
      1050 Esplanade, Chico, CA 95926
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Well-located 1,380 SF office suite near HWY99 and East Avenue.
    Where is this medical office space located?
    The property is located at 392 Connors Court Chico, CA.
    What is the asking price?
    The asking price for this property is $273,400.
    What are key features of this property?
    This property features: Excellent location near HWY99 and East Avenue.; **Flexible 1,380 SF floor plan featuring five private offices, reception area, and waiting room.**; Newer HVAC system (replaced in 2020) with Nest thermostat.
    (530) 227-9725
    We can help!
    Listing Contact
    Natalie Korber
    Real Estate License ID: 02062560
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    392 Connors Court, Chico, CA 95926
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!