Professional Office Building with New
For Sale
$695,000
20 Independence Cir, Chico, CA 95973
Well-maintained office building with a new roof completed in 2025 and ample on-site parking.
Property Size5,760 SF
Price / SF$120.66
Days on Market170
Property Features for 20 Independence Cir
General Information
Standard status
Active
Size
5,760 SF
Building Details
Year Built
1986
Listing Agency:
Harris Commercial Real Estate
Listed By:
Calen Chapman · License #02002193
(530) 514-3034
Source:
Myfabuloushome
Added: May 9
Changed: Oct 15
Last Checked: Oct 7 at 1:28PM
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 Harris Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This professional office building offers a functional floorplan in a well-maintained configuration, with a new roof completed in 2025. The property also provides ample on-site parking to support daily tenant and visitor needs.
The building is located at the entrance to Philadelphia Square, offering visibility and accessibility within a surrounding mix of established professional and service-oriented businesses. Convenient access to Highway 99 is noted.
WalkScore is listed as 22 (car-dependent) and BikeScore is listed as 58 (bikeable), which may inform day-to-day commuting considerations.
The building is located at the entrance to Philadelphia Square, offering visibility and accessibility within a surrounding mix of established professional and service-oriented businesses. Convenient access to Highway 99 is noted.
WalkScore is listed as 22 (car-dependent) and BikeScore is listed as 58 (bikeable), which may inform day-to-day commuting considerations.
Key Highlights
- Professional office building built in 1986
- New roof completed in 2025
- Ample on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,958
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,160
$1.2M
Cap Rate 7%
$870,829
$870.8K
Cap Rate 9%
$677,311
$677.3K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$85.0K $14.76/SF
− Vacancy
−$3.7K −$0.65/SF
EGI
$81.3K $14.11/SF
− OpEx
−$20.3K −$3.53/SF
NOI
$61.0K $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%
$1,219,160
Cap Rate 7%
$870,829
Cap Rate 9%
$677,311
Alternative Uses
Best Use
Office B
$870.8K
$762.0K – $1.02M
NOI $60,958 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,409 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
611
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with a new roof completed in 2025 and ample on-site parking.
Where is this office building located?
The property is located at 20 Independence Cir Chico, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Professional office building built in 1986; New roof completed in 2025; Ample on‑site parking
