Iconic Airport Manufacturing
For Sale
$1,900,000
Pending
1020 Marauder St, Chico, CA 95973
Unique metal architecture near Chico Regional Airport, suitable for manufacturing.
Property Size21,280 SF
Lot Size1.84 Acres
Days on Market185
Property Features for 1020 Marauder St
General Information
Standard status
Pending
Size
21,280 SF
Lot size
1.84 Acres
Property subtype
Industrial
Building Details
Building Size
21,280 SF
Year Built
1980
Listing Agency:
Commercial Brokers of California
Listed By:
Brian Littrell · License #01350075
(530) 514-9035
Source:
Elliman
Added: Mar 10
Changed: Sep 8
Last Checked: Sep 9 at 11:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Brokers of California
Investment Insights
Based on property information with market context.
This 21,280 square foot building on 1.84 acres is located at the gateway to the Chico Regional Airport. The property features unique metal architecture with a post-modern entryway and reception area. The building includes multiple offices on two floors, a large employee break room with lockers, and a highly conditioned warehouse shop area, some of which is in almost "clean room" condition. It also features a loading dock, a large fenced yard area, and a large capacity air compressor with pressurized air lines and electrical drops throughout the shop area. The property is zoned AM - Airport Manufacturing.
Key Highlights
- Gateway location to Chico Regional Airport.
- Large, highly conditioned warehouse/shop area suitable for manufacturing.
- Zoned AM - Airport Manufacturing.
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
$134,895
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
7.10%
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%
$2,697,900
$2.7M
Cap Rate 7%
$1,927,071
$1.9M
Cap Rate 9%
$1,498,833
$1.5M
Market Conditions
NOI Build-Up for 21,280 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
$229.8K $10.80/SF
− Vacancy
−$22.3K −$1.05/SF
EGI
$207.5K $9.75/SF
− OpEx
−$72.6K −$3.41/SF
NOI
$134.9K $6.34/SF
Area
Chico, CA
Vacancy
9.70%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
35.00%
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%
$2,697,900
Cap Rate 7%
$1,927,071
Cap Rate 9%
$1,498,833
Alternative Uses
Best Use
Flex RnD
$1.93M
$1.69M – $2.25M
NOI $134,895 @ 7.0% cap · market cap 7.10%
Second Best
Industrial
$1.87M
$1.63M – $2.18M
NOI $130,745 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$4.30M
$3.76M – $5.01M
NOI $300,761 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Chico Catering Company — 999 Marauder St, Chico, CA 95973
Frequently Asked Questions
What type of property is this?
Flex space - Unique metal architecture near Chico Regional Airport, suitable for manufacturing.
Where is this flex space located?
The property is located at 1020 Marauder St Chico, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Gateway location to Chico Regional Airport.; Large, highly conditioned warehouse/shop area suitable for manufacturing.; Zoned AM - Airport Manufacturing.
