Professional Office Building For
2535 Ceanothus Chico, CA 95973
2535 Ceanothus, Chico, CA, 95973
$815,000
For Sale
$815,000
2008-built office building with long-term leases in place.
Property Size3,000 SF
Lot Size0.03 Acres
Price / SF$271.67
Days on Market117
Property Features for 2535 Ceanothus
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.03 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing Agency
Keller Williams Realty Chico Area
(530) 212-7373
Listed by
Matthew Herman · License #01505777
(530) 212-7373
Source
Elliman
Added: Mar 23 Checked: Jul 17 at 6:33 am
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 Keller Williams Realty Chico Area
Investment Insights
Based on property information with market context.
This professional office building, constructed in 2008, is located in the Pleasant Valley Courtyard. The 3,000-square-foot structure is divided into two 1,500-square-foot units, each with a private entrance and independent utility meters. Unit #120 features four large individual offices, while Unit #128 is built out for a dental or medical practice. The building has a metal roof, wood framing, and a photovoltaic solar system for energy efficiency. The property is centrally located on Ceanothus Avenue, near Pleasant Valley High School and the Safeway Shopping Center. The property has long-term leases in place through 2025 and 2028.
Key Highlights
- Prime investment opportunity in the sought‑after Pleasant Valley Courtyard.
- Stable, long‑term leases in place through 2025 and 2028, providing immediate and consistent returns.
- Two 1,500‑square‑foot units, each with private entrance and independent utility meters.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $20.40 |
| − Vacancy | −$3.1k | −$1.02 |
| EGI | $58.1k | $19.38 |
| − OpEx | −$23.3k | −$7.75 |
| NOI | $34.9k | $11.63 |
3,000 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$498.3K
$436.1K – $581.4K
NOI $34,884 @ 7.0% cap · market cap 4.28%
Second Best
Office B
$453.6K
$396.9K – $529.2K
NOI $31,749 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$605.7K
$530.0K – $706.7K
NOI $42,401 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
James J. Thompson ...
Law Firm
Adam Aaronson, MFT
Psychotherapist
Farmers Insurance, Genia ...
Insurance Agency
Robert M. Spaulding, ...
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 2008-built office building with long-term leases in place.
Where is this office building located?
The property is located at 2535 Ceanothus Chico, CA.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Prime investment opportunity in the sought‑after Pleasant Valley Courtyard.; Stable, long‑term leases in place through 2025 and 2028, providing immediate and consistent returns.; Two 1,500‑square‑foot units, each with private entrance and independent utility meters.
