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    1316 State Highway 99 Gridley, CA 95948

    For Sale
    $2,600,000

    Ten-unit apartment building, high ROI potential.

    Property size:
    7,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 10-unit apartment building presents a compelling investment opportunity in the desirable city of Gridley, California. Strategically located just off Highway 99, this property boasts a total of 7,200 square feet situated on a 0.76-acre lot. The well-maintained building offers stable rental income, making it an attractive turnkey asset for investors seeking immediate returns. The strong occupancy rates demonstrate consistent demand and the potential for long-term value appreciation. This property is ideally suited for investors looking for a low-maintenance, high-yield investment in a convenient location with easy access to major transportation routes. The building's current condition and established rental income stream provide a solid foundation for future growth and profitability. Given the property's size, location, and proven rental history, this represents a rare opportunity to acquire a significant multifamily investment in a thriving market. The 0.76-acre lot offers potential for future expansion or development, further enhancing the long-term investment potential. Serious inquiries are encouraged to explore this promising investment opportunity in detail. Financial statements and further property details are available upon request. Don't miss this chance to secure a valuable asset in a prime location.

    Property Features for 1316 State Highway 99

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,200 SF
    Lot Size
    33,106 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gridley
    County
    Butte
    State
    California
    Longitude
    -121.6868
    Latitude
    39.35321

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    FAQs

    What type of property is this?
    Commercial real estate - Ten-unit apartment building, high ROI potential.
    Where is this commercial real estate located?
    The property is located at 1316 State Highway 99 Gridley, CA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    (530) 895-1545
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    1316 State Highway 99 Gridley, CA 95948
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    Gridley, CA 95948
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    Realmo Value Estimation

    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.

    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.

    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
    1316 State Highway 99 Gridley, CA 95948
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