Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    55 Grand Ave Oroville, CA 95965

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,400,000

    Shovel-ready 174-unit multifamily housing project on 22.81 acres.

    Lot size:
    22.81 Acres

    Property Features for 55 Grand Ave

    General Information

    Lot size
    22.81 Acres
    Source: Elliman

    Listing Agent: Kelsey Watt

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

    Overview

    Multifamily Project Ready in Oroville

    This 22.81-acre property is a shovel-ready multifamily housing project planned for 174 units in Oroville, California, situated above the fish hatchery. Included with the land are elevations, construction drawings, a fee schedule, an appraisal of the completed project, and a letter of support from the City of Oroville. The location offers views, potentially making it attractive to residents. This property may suit investors seeking a strategically located venture in the Oroville area.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Oroville
    County
    Plumas
    State
    California
    Longitude
    -121.5607866
    Latitude
    39.5194811

    Nearby Similar for Sale

    • $2,550,000
      9,380 SF

      Historic Resort in Feather River Canyon

      Fully operational resort with cabins, antique shop, and historical significance.
      6162 State Highway 70, Oroville, CA 95980
      View Details
    • $2,550,000
      9,380 SF

      Historic Resort in Feather River Canyon

      Fully operational resort with income-generating businesses and historic charm.
      6162 State Highway 70, Oroville, CA 95980
      View Details
    • $799,900
      4,620 SF

      Oroville Commercial Property with Highway Visibility

      Office and warehouse space with ample parking and highway access.
      2950 Feather River Blvd, Oroville, CA 95965
      View Details
    • $705,000
      4,335 SF

      Income-Producing Triplex on Large Lot

      Income property featuring two single-family homes and one triplex.
      2048 10Th St, Oroville, CA 95965
      View Details
    • $275,000
      2,283 SF

      Oroville Triplex Investment Opportunity

      Three-unit rental property in Oroville with long-term tenants.
      2255 Wyandotte 2257, Oroville, CA 95966
      View Details
    • $930,000
      6,909 SF

      Oroville Multifamily Investment Opportunity

      Nine-unit apartment complex in downtown Oroville with long-term tenants.
      836 Pomona Ave, Oroville, CA 95965
      View Details
    • $220,000
      1,940 SF

      Oroville Commercial Unit For Sale

      1,940 sq ft commercial unit on over half acre lot.
      2360 Oro Quincy Hwy, Oroville, CA 95966
      View Details
    • $396,000
      1,800 SF

      Oroville Commercial Condominium Units

      Two commercial condominium units totaling 1800 sq. ft.
      2006 5Th Ave, Oroville, CA 95965
      View Details
    • $264,000
      Pending

      Oroville Commercial Condo For Sale

      Condominium business complex unit for sale in Oroville, CA.
      2010 5Th Ave, Oroville, CA 95965
      View Details
    • $59,950

      Oroville Mobile Home in All-Ages Park

      Two-bedroom, two-bathroom mobile home in a quiet, all-ages park.
      1668 Oro Dam Blvd W, Oroville, CA 95965
      View Details
    • $69,900

      Move-In Ready Senior Park Home

      3-bedroom home in quiet senior park with many upgrades.
      329 Ridgecrest Pkwy, Oroville, CA 95966
      View Details
    • $55,000

      Move-In Ready Senior Home

      3-bedroom manufactured home in Cottonwood Estates Senior Park.
      114 Cottonwood Cir, Oroville, CA 95965
      View Details

    FAQs

    What type of property is this?
    Land - Shovel-ready 174-unit multifamily housing project on 22.81 acres.
    Where is this land located?
    The property is located at 55 Grand Ave Oroville, CA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Shovel-ready 174-unit multifamily housing project.; - Includes 22.81 acres of land.; - Construction drawings and appraisal as a completed project included.
    (916) 804-8046
    Request Owner's contact information
    55 Grand Ave Oroville, CA 95965
    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.
    55 Grand Ave
    Oroville, CA 95965
    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.

    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 Grand Ave Oroville, CA 95965
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.