Chico Office/Warehouse Industrial
For Sale
$895,000
200 Ryan Ave, Chico, CA 95973
Versatile property ideal for owner-user or investment.
Property Size9,807 SF
Lot Size0.73 Acres
Price / SF$91.26
Days on Market152
Property Features for 200 Ryan Ave
General Information
Standard status
Active
Size
9,807 SF
Lot size
0.73 Acres
Property subtype
Industrial
Building Details
Building Size
9,807 SF
Year Built
1985
Listing Agency:
Commercial Brokers of California
(530) 828-0011
Listed By:
Michael Donnelly · License #01350075
(530) 828-0011
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 Commercial Brokers of California
Investment Insights
Based on property information with market context.
This commercial/industrial property is located in the Chico Airport area and situated on 0.73 acres. The fully fenced property includes two metal buildings totaling approximately 9,807 sq. ft., offering a flexible layout suitable for a range of uses. The main building features approximately 6,651 sq. ft., including 2,000 sq. ft. of finished office space and an additional 1,500 sq. ft. mezzanine, suitable for storage or expansion. The secondary building offers 3,156 sq. ft. and includes a loading dock, suitable for shipping/receiving or production operations. The property includes metal roofs, 3-phase power, a secure fenced yard, and ample on-site parking. It is located in an industrial area near Chico Airport. The property is currently occupied by a woodworking business on a short-term lease. The tenant will be given 90 days’ notice to vacate as a condition of sale.
Key Highlights
- Two metal buildings totaling approximately 9,807 sq. ft. on 0.73 acres, offering a flexible layout.
- Features 2,000 sq. ft. of finished office space and a 1,500 sq. ft. mezzanine.
- Secondary building with 3,156 sq. ft. and a loading dock for shipping/receiving.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,373,000
$1.4M
Cap Rate 7%
$980,714
$980.7K
Cap Rate 9%
$762,778
$762.8K
Market Conditions
NOI Build-Up for 9,807 SF
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.
Gross rent
$89.4K $9.12/SF
− Vacancy
−$8.7K −$0.88/SF
EGI
$80.8K $8.24/SF
− OpEx
−$12.1K −$1.24/SF
NOI
$68.6K $7.00/SF
Area
Chico, CA
Vacancy
9.70%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,373,000
Cap Rate 7%
$980,714
Cap Rate 9%
$762,778
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,787 @ 7.0% cap · market cap 11.60%
Second Best
Warehouse
$980.7K
$858.1K – $1.14M
NOI $68,650 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,607 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chico Catering Company — 999 Marauder St, Chico, CA 95973
Frequently Asked Questions
What type of property is this?
Flex space - Versatile property ideal for owner-user or investment.
Where is this flex space located?
The property is located at 200 Ryan Ave Chico, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two metal buildings totaling approximately 9,807 sq. ft. on 0.73 acres, offering a flexible layout.; Features 2,000 sq. ft. of finished office space and a 1,500 sq. ft. mezzanine.; Secondary building with 3,156 sq. ft. and a loading dock for shipping/receiving.
