Office Unit with Private
For Sale
Contact for pricing
20 Declaration Drive #110, Chico, CA 95973
A first-floor suite combines a reception area with two private offices, including one with a sink and additional storage.
Property Size996 SF
Price / SF$1.20
Days on Market19
Property Features for 20 Declaration Drive #110
General Information
Standard status
Active
Size
996 SF
Property subtype
Office
Space & Availability
Floor
1
Condition
Move-in Ready
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
1987
Listing Agency:
Century 21 Select Real Estate, Inc.
(530) 345-6618
Listed By:
Kimberly Shaffer · License #01415693
(530) 680-7685
Source:
K9hausrealty
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 28 at 2:52PM
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 Century 21 Select Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 996-square-foot office unit occupies the first floor of a professional complex built in 1987. Its layout includes a reception and waiting area, two private offices, and extra storage with a sink in one office. Recent interior updates include fresh paint and luxury vinyl flooring throughout the suite.
Highway 99 is accessible from the property. A single CAM payment covers a flat-rate PG&E charge, restroom janitorial service, water, and garbage.
Highway 99 is accessible from the property. A single CAM payment covers a flat-rate PG&E charge, restroom janitorial service, water, and garbage.
Key Highlights
- 996‑square‑foot office unit on the first floor
- Reception and waiting area plus two private offices
- One office includes a sink and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,541
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,820
$210.8K
Cap Rate 7%
$150,586
$150.6K
Cap Rate 9%
$117,122
$117.1K
Market Conditions
NOI Build-Up for 996 SF
Gross rent
$14.7K $14.76/SF
− Vacancy
−$647 −$0.65/SF
EGI
$14.1K $14.11/SF
− OpEx
−$3.5K −$3.53/SF
NOI
$10.5K $10.58/SF
Area
Chico, CA
Vacancy
4.40%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,820
Cap Rate 7%
$150,586
Cap Rate 9%
$117,122
Alternative Uses
Best Use
Office B
$150.6K
$131.8K – $175.7K
NOI $10,541 @ 7.0% cap · market cap 882.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.1K
$176.0K – $234.6K
NOI $14,077 @ 7.0% cap · market cap 1,177.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A first-floor suite combines a reception area with two private offices, including one with a sink and additional storage.
Where is this office unit located?
The property is located at 20 Declaration Drive #110 Chico, CA.
What are key features of this property?
This property features: 996‑square‑foot office unit on the first floor; Reception and waiting area plus two private offices; One office includes a sink and additional storage
