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    Commercial Warehouse with Showroom Office Title is generated by Realmo AI

    206 Meyers St, Chico, CA 95928

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    For Lease
    $6,400/Mo $12 SF/Yr (calc)

    Versatile warehouse with showroom in Chico's Meyer's Street District.

    Type:Industrial
    Property size:
    6,400 SF
    Added:
    Apr 24, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 24 at 4:32 pm

    Property Features for 206 Meyers St

    General Information

    Standard status
    Active
    Size
    6,400 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Michael Donnelly
    Michael Donnelly

    Listing agent Michael Donnelly License #01350075

    Listing office Coldwell Banker C & C Properties

    Listing date Apr 24, 2026

    Source Elliman

    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 Coldwell Banker C & C Properties

    HighLights

    • Exceptional traffic flow thanks to Commerce Ct. Extension connecting Park Ave. with the Meyers Street District.
    • Prime location in Chico's Meyer's Street District, surrounded by established commercial businesses.
    • Versatile 6400 sq. ft. commercial warehouse building suitable for various businesses.
    • Three active loading docks for efficient operations.
    • Includes showroom office space.
    • Zoned ML Light Manufacturing.

    Overview

    This commercial warehouse building, featuring showroom office space and loading docks, is situated in a prime location within Chico's Meyer's Street District. The property is surrounded by established commercial businesses, including construction trade companies, trucking services, brewery tasting rooms, food processing facilities, and other commercial industrial companies. The facility offers approximately 6400 sq ft of space and includes three active loading docks. The location benefits from the Commerce Ct. Extension, which connects Park Ave. with the Meyers Street District, enhancing traffic flow. Zoned ML Light Manufacturing, the property is suitable for general warehouse commercial use and various multi-purpose businesses, such as home improvement, distribution & logistics, food & beverage, and wholesale operations.
    Location Intelligence

    Current Use by Public Records

    Daltile Sales Service ... Hardware & Home Improvement

    Suggested Use

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

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

    Similar Places Nearby

    • All American Self Storage — 2300 Dr Martin Luther King Jr Pkwy, Chico, CA 95928
    • Extra Self Storage - Chico — 2298 Park Ave, Chico, CA 95928
    • C & C Storage — 41 Sandhill Ct, Chico, CA 95928
    • Iron Mountain — 422 Otterson Dr, Chico, CA 95926
    • Access - Scanning, Records Storage, and Document Management — 311 Otterson Dr STE 10, Chico, CA 95928

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8182421
    Latitude
    39.7138923

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    FAQs

    What type of property is this?
    Warehouse - Versatile warehouse with showroom in Chico's Meyer's Street District.
    Where is this warehouse located?
    The property is located at 206 Meyers St Chico, CA.
    What is the lease rate?
    The lease rate is $6,400 /Mo.
    What are key features of this property?
    This property features: Exceptional traffic flow thanks to Commerce Ct. Extension connecting Park Ave. with the Meyers Street District.; Prime location in Chico's Meyer's Street District, surrounded by established commercial businesses.; Versatile 6400 sq. ft. commercial warehouse building suitable for various businesses.
    (530) 828-0011
    We can help!
    Listing Contact
    Michael Donnelly
    Michael Donnelly
    Real Estate License ID: 01350075
    Learn More
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    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.

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