Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    540 Vermont St Gridley, CA 95948

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $275,000

    Prime Office Space, Ample Parking

    Property size:
    1,043 SF

    Property Features for 540 Vermont St

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    1,043 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Jessica Henman

    Listing Agency: Bill Chance Realty Listing Agent: Jessica Henman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This meticulously maintained 1,043 square foot office building, formerly a dental practice, presents a fantastic opportunity for a variety of professional uses. Located in the heart of downtown Gridley, California, at 540 Vermont Street, this property boasts a convenient and highly visible location. The interior layout is well-designed and functional, featuring a spacious waiting area perfect for client interaction, a private office ideal for consultations or administrative tasks, a dedicated exam room (easily adaptable to other uses), and a well-equipped storage area complete with a sink. Additional file storage is also included, ensuring efficient organization. A full bathroom adds to the convenience. The property sits on a 0.16-acre lot, providing ample parking both in front and behind the main building. A significant advantage is the inclusion of an additional storage building at the rear of the property, offering extra space for supplies, equipment, or archives. This turnkey office space is priced competitively at $275,000 and represents an exceptional value in a desirable downtown location. The property's versatile layout and abundant parking make it an attractive option for a wide range of businesses seeking a well-established presence in Gridley. Don't miss this chance to acquire a thriving commercial property in a vibrant community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hoybjerg Orthodontics Dental Office Fillmore Galen M ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gridley
    County
    Butte
    State
    California
    Longitude
    -121.6985
    Latitude
    39.36363

    Nearby Similar for Sale

    • $229,000

      Dental Office in Downtown Gridley

      Converted residence with ample parking and storage in downtown.
      540 Vermont St, Gridley, CA 95948
      View Details
    • $599,000
      2,545 SF

      Retail Property on State Highway

      Retail property with 2,545 square feet of space.
      484 State Highway 99, Gridley, CA 95948
      View Details
    • $799,999
      4,000 SF

      Gridley Industrial Property: Prime Location

      1.09-acre industrial lot, 4,000 sq ft shop.
      82 Liberty Rd, Gridley, CA 95948
      View Details
    • $285,000
      2,550 SF

      Historic Gridley Retail Building

      Julia Morgan-designed bank, prime location
      837 Hazel St, Gridley, CA 95948
      View Details
    • $2,600,000
      7,200 SF

      Gridley Multifamily Investment Opportunity

      Ten-unit apartment building, high ROI potential.
      1316 State Highway 99, Gridley, CA 95948
      View Details
    • Contact for pricing
      1,608 SF

      Standalone Building on Highway 99

      1,608 SF building with direct Highway 99 frontage.
      1639 State Highway 99, Gridley, CA 95948
      View Details
    • $462,000
      30,000 SF

      Highway 99 Commercial Gem

      High-traffic Gridley location, 30,000 sq ft.
      1548 Hw 99, Gridley, CA 95948
      View Details
    • $229,000

      Converted Dental Office in Gridley

      Dental office conversion with parking and storage in downtown Gridley.
      540 Vermont St, Gridley, CA 95948
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Office Space, Ample Parking
    Where is this office property located?
    The property is located at 540 Vermont St Gridley, CA.
    What is the asking price?
    The asking price for this property is $275,000.
    (530) 343-7085
    Request Owner's contact information
    540 Vermont St Gridley, CA 95948
    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.
    540 Vermont St
    Gridley, CA 95948
    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
    540 Vermont St Gridley, CA 95948
    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
    Jessica Henman
    Real Estate License ID: 01920472
    (530) 343-7085 (530) 520-3109
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!