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

    2352 Esplanade Chico, CA 95926

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,950,000

    Hospitality property with 51 rooms and manager's quarters.

    Lot size:
    1.36 Acres

    Property Features for 2352 Esplanade

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.36 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Dan Bosch
    Dan Bosch
    Source: Elliman

    Listing Agency: Re/Max of Chico Listing Agent: Dan Bosch

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

    Learn more

    Overview

    Safari Inn Hospitality Investment

    The Safari Inn, offered for sale, is a hospitality property located in Chico, California. The property features 51 individual rooms and spacious manager’s quarters. Hotel residents have convenient access to nearby restaurants and shopping. The location also provides easy access to Highway 99 and is minutes from Downtown Chico. Many units have been updated with newer flooring, paint, and fixtures. Attractive owner financing is available.
    Location Intelligence

    Current Use by Public Records

    Safari Inn - Chico Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Town House Motel, Matador Motel, Best Western Heritage Inn - Chico, Safari Inn - Chico, Bahia Del Sol Enterprises

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8584776
    Latitude
    39.7542526

    Nearby Similar for Sale

    • $335,000
      2,799 SF

      Professional Office Building in Chico

      Well-maintained office building suitable for owner-users or investors.
      19 Williamsburg Ln, Chico, CA 95926
      View Details
    • $350,000
      11,170 SF

      Motorsports Business Opportunity in Chico

      Established motorsports business with high visibility location and functional layout.
      1538 Park Ave, Chico, CA 95928
      View Details
    • New
      $739,000
      5,376 SF

      Chico Quadplex Near Chico State

      Four-unit townhouse investment property near Chico State and downtown.
      12 Klondike Ct, Chico, CA 95926
      View Details
    • $899,000
      2,755 SF

      Chico Investment Opportunity with Airbnb Potential

      Two homes on a corner lot, currently successful Airbnbs.
      1050 Esplanade, Chico, CA 95926
      View Details
    • New
      $273,400
      1,380 SF

      Chico Medical/Professional Office Suite

      Well-located 1,380 SF office suite near HWY99 and East Avenue.
      392 Connors Ct, Chico, CA 95926
      View Details
    • $899,000
      2,755 SF

      Chico Commercial/Residential Income Opportunity

      Two homes on a corner lot, ideal for Airbnb.
      1050 Esplanade, Chico, CA 95926
      View Details
    • $1,200,000
      11,170 SF

      Commercial Property on Park Avenue

      Highly visible commercial property suitable for retail, service, and warehouse uses.
      1538 Park Ave, Chico, CA 95928
      View Details
    • $575,000
      2,157 SF

      Updated Duplex in Desirable Neighborhood

      Updated duplex perfect for investors or owner-occupants in Chico.
      465 Waterford Dr, Chico, CA 95973
      View Details
    • $995,000
      16,722 SF

      Versatile Chico Commercial Facility

      15,000 sq ft church with duplex on 2.3 acres.
      355 Panama Ave, Chico, CA 95973
      View Details
    • $260,000
      900 SF

      Chico Commercial Property For Sale

      Well-kept commercial property with remodeled interior and high visibility.
      1330 Mangrove Ave, Chico, CA 95926
      View Details
    • New
      $585,000
      Pending

      Unique Chico Live-Work Property

      One-of-a-kind property with home and business potential.
      406 Panama Ave, Chico, CA 95973
      View Details
    • $449,000
      2,083 SF

      Chico Duplex with Income Potential

      Duplex with updated units, private yards, and attached garages.
      1008 Meier Dr, Chico, CA 95926
      View Details

    FAQs

    What type of property is this?
    Motel - Hospitality property with 51 rooms and manager's quarters.
    Where is this motel located?
    The property is located at 2352 Esplanade Chico, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Well-known and well-located property in high demand hospitality segment.; - Priced significantly below market to allow for improvements.; - 51 individual rooms plus spacious Manager’s quarters.
    (530) 514-2901
    Request Owner's contact information
    2352 Esplanade Chico, CA 95926
    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.
    2352 Esplanade
    Chico, CA 95926
    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
    2352 Esplanade Chico, CA 95926
    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
    Dan Bosch
    Dan Bosch
    Real Estate License ID: 01236305
    (530) 514-2901 (530) 896-9330
    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!