Chico Ambulatory Surgery
For Sale
Contact for pricing
127 Raley Blvd, Chico, CA
Freestanding, single-story, 5,829 SF ambulatory surgery center for sale.
Property Size5,829 SF
Lot Size0.51 Acres
Price / SF$394.58
Days on Market496
Property Features for 127 Raley Blvd
General Information
Standard status
Active
Size
5,829 SF
Lot size
0.51 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Sacramento
(916) 929-5999
Listed By:
Eric Ortiz · License #01821549
(916) 717-6606
Source:
Moodyscre
Added: May 9, 2025
Changed: Jul 6
Last Checked: Sep 15 at 10:46AM
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 Colliers | Sacramento
Investment Insights
Based on property information with market context.
The property at 127 Raley Blvd in Chico, CA, is a recently built, single-story, freestanding 5,829-square-foot ambulatory surgery center (ASC). Constructed in 2017, the property is OSPHD-3 certified and features 2 operating rooms, multiple exam rooms, and four recovery bays. Equipment is available for purchase. The property is suitable for medical and healthcare purposes, including use as a medical center or medical office.
Key Highlights
- Recently built in 2017, this free‑standing, single‑story ambulatory surgery center (ASC) is ready for its next chapter.
- OSPHD‑3 certified.
- Features 2 operating rooms (ORs).
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
$67,780
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
2.95%
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%
$1,355,600
$1.4M
Cap Rate 7%
$968,286
$968.3K
Cap Rate 9%
$753,111
$753.1K
Market Conditions
NOI Build-Up for 5,829 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
$118.9K $20.40/SF
− Vacancy
−$5.9K −$1.02/SF
EGI
$113.0K $19.38/SF
− OpEx
−$45.2K −$7.75/SF
NOI
$67.8K $11.63/SF
Area
Chico, CA
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
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%
$1,355,600
Cap Rate 7%
$968,286
Cap Rate 9%
$753,111
Alternative Uses
Best Use
Healthcare Medical
$968.3K
$847.3K – $1.13M
NOI $67,780 @ 7.0% cap · market cap 2.95%
Second Best
Office B
$881.3K
$771.1K – $1.03M
NOI $61,688 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,384 @ 7.0% cap · market cap 3.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
788
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical center - Freestanding, single-story, 5,829 SF ambulatory surgery center for sale.
Where is this medical center located?
The property is located at 127 Raley Blvd Chico, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Recently built in 2017, this free‑standing, single‑story ambulatory surgery center (ASC) is ready for its next chapter.; OSPHD‑3 certified.; Features 2 operating rooms (ORs).
