Flex Space with
For Sale
Contact for pricing
1618 Nord Ave, Chico, CA 95926
Air conditioning throughout supports the property's current call center use.
Property Size10,000 SF
Price / SF$0.13
Days on Market58
Property Features for 1618 Nord Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Comm Ind For Lease
Building Details
Year Built
2003
Listing Agency:
JPN Realty
Listed By:
Javier Padilla
Source:
Jpnrealty
Added: Sep 2
Changed: Oct 28
Last Checked: Oct 28 at 3:27PM
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 JPN Realty
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Investment Insights
Based on property information with market context.
This 10,000-square-foot industrial property combines warehouse space with an office component and is air-conditioned throughout. The building dates to 2003 and is currently used as a call center.
An additional acre behind the building is available for expansion and is not currently in use. The property relies on septic service while city sewer work is underway.
An additional acre behind the building is available for expansion and is not currently in use. The property relies on septic service while city sewer work is underway.
Key Highlights
- 10,000‑square‑foot warehouse with an office component
- Air conditioning throughout the building
- Additional 1 acre behind the building is available for expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,440
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,800
$1.2M
Cap Rate 7%
$877,714
$877.7K
Cap Rate 9%
$682,667
$682.7K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$97.2K $9.72/SF
− Vacancy
−$9.4K −$0.94/SF
EGI
$87.8K $8.78/SF
− OpEx
−$26.3K −$2.63/SF
NOI
$61.4K $6.14/SF
Area
Chico, CA
Vacancy
9.70%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,800
Cap Rate 7%
$877,714
Cap Rate 9%
$682,667
Alternative Uses
Best Use
Warehouse
$1.00M
$875.0K – $1.17M
NOI $70,001 @ 7.0% cap · market cap 5,600.08%
Second Best
Flex RnD
$905.6K
$792.4K – $1.06M
NOI $63,391 @ 7.0% cap · market cap 5,071.28%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,335 @ 7.0% cap · market cap 11,306.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Air conditioning throughout supports the property's current call center use.
Where is this flex space located?
The property is located at 1618 Nord Ave Chico, CA.
What are key features of this property?
This property features: 10,000‑square‑foot warehouse with an office component; Air conditioning throughout the building; Additional 1 acre behind the building is available for expansion
