Industrial Buildings with Yard
For Sale
$3,100,000
2270 Ivy, Chico, CA 95928
Two industrial buildings on 2.42 acres with ample parking.
Property Size34,500 SF
Lot Size2.42 Acres
Price / SF$114.81
Days on Market198
Property Features for 2270 Ivy
General Information
Standard status
Active
Size
34,500 SF
Lot size
2.42 Acres
Property subtype
Industrial
Building Details
Building Size
34,500 SF
Listing Agency:
Bill Chance Realty
Listed By:
Bill Chance · License #00969209
(530) 343-7085
Source:
Elliman
Added: Mar 10
Changed: Sep 22
Last Checked: Sep 22 at 5:26PM
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 Bill Chance Realty
Investment Insights
Based on property information with market context.
The property features two industrial buildings situated on a 2.42-acre lot. One building encompasses 27,000 square feet, including over 700 square feet of office space, a breakroom, and restrooms. It is equipped with a recessed truck dock and multiple roll-up doors. The second building provides 7,500 square feet of space and has two roll-up doors. The property includes 3-Phase 240 power and a 35.4 kw owned solar system. The configuration of the property allows for substantial yard space and parking. A center post in the larger building is removable. The adjoining property at 2244 Ivy Street is also for sale and can be purchased separately or together.
Key Highlights
- 2.42‑acre lot with two industrial buildings totaling 34,500 sq. ft.
- The 27,000 sq. ft. building features office space, breakroom, restrooms, a recessed truck dock, and multiple roll‑up doors.
- Benefit from 3‑Phase 240 power and a 35.4 kw owned solar system.
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
$189,002
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
6.10%
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%
$3,780,040
$3.8M
Cap Rate 7%
$2,700,029
$2.7M
Cap Rate 9%
$2,100,022
$2.1M
Market Conditions
NOI Build-Up for 27,000 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
$246.2K $9.12/SF
− Vacancy
−$23.9K −$0.88/SF
EGI
$222.4K $8.24/SF
− OpEx
−$33.4K −$1.24/SF
NOI
$189.0K $7.00/SF
Area
Chico, CA
Vacancy
9.70%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
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%
$3,780,040
Cap Rate 7%
$2,700,029
Cap Rate 9%
$2,100,022
Alternative Uses
Best Use
Warehouse
$2.70M
$2.36M – $3.15M
NOI $189,002 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$2.37M
$2.07M – $2.76M
NOI $165,888 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$5.45M
$4.77M – $6.36M
NOI $381,605 @ 7.0% cap · market cap 12.31%
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
519
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95928, CA
38,378
Population
17,455
Households
2.2
Avg Household Size
35
Median Age
41%
College-Educated
90%
High-School Grad
145.4 sq mi
ZIP Area
264
Density / Sq Mi
$65,350
Median Household Income
$32,615
Median Earnings
$1,419
Median Rent
$476,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings on 2.42 acres with ample parking.
Where is this warehouse located?
The property is located at 2270 Ivy Chico, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 2.42‑acre lot with two industrial buildings totaling 34,500 sq. ft.; The 27,000 sq. ft. building features office space, breakroom, restrooms, a recessed truck dock, and multiple roll‑up doors.; Benefit from 3‑Phase 240 power and a 35.4 kw owned solar system.
