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    55 Declaration Dr Chico, CA 95973

    For Sale
    $599,000

    Fully occupied, high-return office investment.

    Property size:
    5,745 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a fully occupied 5,745 square foot office building situated on a 0.43-acre lot at 55 Declaration Drive, Chico, CA. The property boasts a strong tenant base, ensuring consistent income and a solid return on investment. Its convenient location in a bustling complex just off the freeway provides excellent visibility and accessibility. The building is exceptionally well-maintained, minimizing operational concerns for the new owner. Ample parking is available for tenants and visitors, adding to the property's appeal. Furthermore, the common areas are meticulously managed by the Property Owners Association, relieving the owner of significant maintenance responsibilities. This turnkey investment requires minimal effort to maintain its current high occupancy and profitability. The asking price is $599,000, representing a compelling opportunity for investors seeking a stable and lucrative addition to their portfolio. This property offers a rare combination of location, condition, and occupancy, making it an ideal investment for discerning buyers. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Property Features for 55 Declaration Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,745 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built
    1988
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NCTCS Website Designer Chico Escape Rooms Amusement Center Johnson & Heller Accountant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8734
    Latitude
    39.77149

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    FAQs

    What type of property is this?
    Office Property / Space - Fully occupied, high-return office investment.
    Where is this office property / space located?
    The property is located at 55 Declaration Dr Chico, CA.
    What is the asking price?
    The asking price for this property is $599,000.
    (530) 345-6618
    Request Owner's contact information
    55 Declaration Dr Chico, CA 95973
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    Chico, CA 95973
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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
    55 Declaration Dr Chico, CA 95973
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