Building Details

Buildings 1

Building Size 4,650 SF

Listing Agency: Go West Realty

Listed By: John Russo · License #01453334 Show Phone

Source: Exprealty

Added: Aug 7, 2024 Changed: Sep 14 Last Checked: Oct 12 at 10:50PM

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Investment Insights

Based on property information with market context.

This 4,650-square-foot flex property combines two rental units with reception and office areas, retail space, and a large shop. Each rental unit measures 1,248 square feet, while the balance of the building supports office, retail, and shop functions. The configuration accommodates business operations alongside separate rental space within one commercial building.

The property is fenced and provides off-street parking. It is positioned in an industrial area near Super Walmart, Feather River Cinemas, and public transportation. The layout also supports live-work use, including the option to occupy one unit while leasing the other, subject to applicable approvals and operating requirements.

Key Highlights

• 4,650‑square‑foot flex building with office, retail, rental, and shop areas
• Two rental units, each measuring 1,248 square feet
• Reception and office space included within the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,081

Cap Rate

6.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$941,620 $941.6K

Cap Rate 7%

$672,586 $672.6K

Cap Rate 9%

$523,122 $523.1K

Market Conditions

NOI Build-Up for 4,650 SF

Gross rent

$83.7K $18.00/SF

− Vacancy

−$8.4K −$1.80/SF

EGI

$75.3K $16.20/SF

− OpEx

−$28.2K −$6.07/SF

NOI

$47.1K $10.13/SF

Area

Butte County, CA

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$941,620

Cap Rate 7%

$672,586

Cap Rate 9%

$523,122

Alternative Uses

Best Use

Office B

$1.83M

$1.60M – $2.13M (±1% cap)

NOI $127,830 @ 7.0% cap · market cap 18.53%

Second Best

Flex RnD

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,384 @ 7.0% cap · market cap 14.84%

Theoretical Best

Office A

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $151,289 @ 7.0% cap · market cap 21.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office HVAC Service Plumbing Service Grocery & Convenience Store Hair Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

129

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 95965, CA

21,548

Population

7,846

Households

2.7

Avg Household Size

37

Median Age

16%

College-Educated

81%

High-School Grad

311.4 sq mi

ZIP Area

69

Density / Sq Mi

$53,367

Median Household Income

$33,638

Median Earnings

$1,112

Median Rent

$295,500

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Includes two rental units, office and retail areas, plus a substantial shop component.

Where is this flex space located?

The property is located at 105 Gold Dredger Dr Oroville, CA.

What is the asking price?

The asking price for this property is $689,900.

What are key features of this property?

This property features: 4,650‑square‑foot flex building with office, retail, rental, and shop areas; Two rental units, each measuring 1,248 square feet; Reception and office space included within the building