Leased Medical Office
2 Governors Ln Chico, CA 95926
2 Governors Ln, Chico, CA, 95926
Contact for pricing
For Sale
Contact for pricing
Fully leased two-story medical office with exam rooms, private offices, and on-site parking within a professional office complex.
Property Size3,408 SF
Lot Size0.28 Acres
Price / SF$166.15
Days on Market109
Property Features for 2 Governors Ln
General Information
- Standard status
- Active
- Size
- 3,408 SF
- Lot size
- 0.28 Acres
- Property subtype
- Office
Listing agency
Capital Rivers Commercial
(916) 804-8046
Listed by
Carrie Welch · License #01926238
Source
Crexi
Added: Apr 4 Updated: Jul 21 at 6:38AM Checked: Jul 21 at 6:38AM
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 Capital Rivers Commercial
Investment Insights
Based on property information with market context.
2 Governors Lane is a fully leased medical office building configured across two stories, totaling approximately 3,408 square feet on a 12,343 square foot lot. The interior includes four exam rooms, four private offices, a reception area, a waiting room, five restrooms, three large work areas, and a break room. The building is situated within a well-maintained professional office complex.
The property supports convenient access to CA-99 and East Avenue and includes on-site parking. Its location in Chico’s established commercial corridor places it among professional offices, retail, dining, shopping centers, and medical services, providing a cohesive day-to-day operating environment for the existing medical tenant.
The property supports convenient access to CA-99 and East Avenue and includes on-site parking. Its location in Chico’s established commercial corridor places it among professional offices, retail, dining, shopping centers, and medical services, providing a cohesive day-to-day operating environment for the existing medical tenant.
Key Highlights
- Fully leased medical office building with 3,408 SF across two stories
- Occupied by Enloe Health under a full NNN lease
- Layout includes four exam rooms, four private offices, reception and waiting area
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 | $69.5k | $20.40 |
| − Vacancy | −$3.5k | −$1.02 |
| EGI | $66.0k | $19.38 |
| − OpEx | −$26.4k | −$7.75 |
| NOI | $39.6k | $11.63 |
3,408 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$566.1K
$495.4K – $660.5K
NOI $39,628 @ 7.0% cap · market cap 7.00%
Second Best
Office B
$515.2K
$450.8K – $601.1K
NOI $36,067 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$688.1K
$602.1K – $802.8K
NOI $48,167 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Enloe General & Colorectal ...
Physician
Michael Fealk, DO
Physician
Kevin R. Dorsey-Tyler, ...
Physician
Schneider Scott MD
Physician
Diverse Network Associates, ...
Marketing & Advertising
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FAQs
What type of property is this?
Medical Office Space - Fully leased two-story medical office with exam rooms, private offices, and on-site parking within a professional office complex.
Where is this medical office space located?
The property is located at 2 Governors Ln Chico, CA.
What is the asking price?
The asking price for this property is $566,250.
What are key features of this property?
This property features: Fully leased medical office building with 3,408 SF across two stories; Occupied by Enloe Health under a full NNN lease; Layout includes four exam rooms, four private offices, reception and waiting area
