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

    60 Declaration Dr, Unit A Chico, CA 95973

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,700 /Mo

    Second-floor office suite with private offices, conference room, and restrooms.

    Lot size:
    0.53 Acres

    Property Features for 60 Declaration Dr

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.53 Acres

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Carrie Welch
    Carrie Welch
    Source: Elliman

    Listing Agency: CAPITAL RIVERS COMMERCIAL INC Listing Agent: Carrie Welch

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

    Learn more

    Overview

    Corner Office with Natural Light

    This second-floor corner office suite features ample windows and natural light. The layout includes seven private offices, a conference room, a reception area, and an open work area. Additional amenities include a break room, a storage area, and two private restrooms. The property, located in Philadelphia Square, benefits from a mix of quality tenants and ample parking.
    Location Intelligence

    Current Use by Public Records

    Butte Credit Accounting Firm Agra Marketing Group Advertising Agency Worley Chiropractic Center Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8726301
    Latitude
    39.7714318

    Nearby Similar for Lease

    • $5,009 /Mo
      6,815 SF

      Retail and Warehouse/Flex Space

      Renovated retail and warehouse space available for lease.
      3388 State Highway 32, Chico, CA 95973
      View Details
    • $2,370 /Mo
      3,000 SF

      Chico Flex Space For Lease

      Well-maintained flex space with updated office and warehouse areas.
      3388 State Highway 32, Chico, CA 95973
      View Details
    • $8,500 /Mo
      11,170 SF

      Versatile Commercial Property on Park Avenue

      Highly visible commercial property suitable for retail, service, and warehouse uses.
      1538 Park Ave, Chico, CA 95928
      View Details
    • $1,315 /Mo
      1,500 SF

      Chico Warehouse Unit For Lease

      Warehouse unit with office space, roll-up door, and shared dock.
      2704 Hegan Ln, Chico, CA 95928
      View Details
    • $3,995 /Mo
      4,888 SF

      Chico Retail Lease Takeover Opportunity

      Prime retail space in Mangrove Plaza, ready for various businesses.
      938 Mangrove Ave, Chico, CA 95926
      View Details
    • $2,500 /Mo

      Furnished Office Space in Chico

      Furnished downtown Chico office space for lease.
      308 Salem St, Chico, CA 95928
      View Details
    • $930 /Mo

      Office Space with Built-Ins

      Office space featuring built-in counters, shelves, and a sink.
      20 Landing Cir, Chico, CA 95973
      View Details
    • $6,000 /Mo

      Professional Office Building For Lease

      6,000 SF office building with modern amenities and ample parking.
      13434 Browns Valley Dr, Chico, CA 95973
      View Details
    • $2,750 /Mo

      Downtown Chico Office Space Available

      Professional office space in downtown Chico's prominent Grandview Building.
      240 Main St, Chico, CA 95928
      View Details
    • $2,400 /Mo

      Updated Suite Near Bellachino’s Cafe

      Updated suite with open layout, suitable for various business types.
      800 Bruce Rd, Chico, CA 95928
      View Details
    • $2,500 /Mo

      Professional Office Space Available

      Office unit with multiple rooms in professional complex for rent.
      20 Declaration Dr, Chico, CA 95973
      View Details
    • $2,900 /Mo

      Downtown Chico Restaurant Space Available

      Second generation restaurant space in downtown Chico, near university.
      243 W 2Nd St, Chico, CA 95928
      View Details

    FAQs

    What type of property is this?
    Office units - Second-floor office suite with private offices, conference room, and restrooms.
    Where is this office units located?
    The property is located at 60 Declaration Dr, Unit A Chico, CA.
    What is the lease rate?
    The lease rate is $2,700 /Mo.
    What are key features of this property?
    This property features: - Large corner office with ample windows and natural light.; - Features seven private offices and a conference room.; - Two private restrooms within the suite.
    (916) 804-8046
    Request Owner's contact information
    60 Declaration Dr, Unit A Chico, CA 95973
    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.
    60 Declaration Dr, Unit A
    Chico, CA 95973
    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
    60 Declaration Dr, Unit A Chico, CA 95973
    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
    Carrie Welch
    Carrie Welch
    Real Estate License ID: 01926238
    (916) 804-8046 (530) 570-5107 (530) 895-1545
    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!