Office/Warehouse Flex
For Sale
$965,000
200 Ryan Avenue, Chico, CA 95973
Fully fenced industrial property with two metal buildings and dedicated office space for owner-users or investors.
Property Size9,807 SF
Lot Size0.73 Acres
Price / SF$98.40
Days on Market311
Property Features for 200 Ryan Avenue
General Information
Standard status
Active
Size
9,807 SF
Lot size
0.73 Acres
Property subtype
Commercial/Industrial
Additional Details
Fenced Yard
Yes
Heavy Power
Yes
Building Details
Year Built
1985
Listing Agency:
Commercial Brokers of California
(530) 828-0011
Listed By:
Michael Donnelly · License #01429436
(530) 828-0011
Source:
Exitrealty
Added: Oct 6, 2025
Changed: Aug 8
Last Checked: Aug 12 at 5:50AM
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 for-sale flex office/warehouse facility is set on a fully fenced yard and includes two metal buildings totaling approximately 9,807± square feet. The main building contains approximately 6,651± square feet, with about 2,000± square feet of finished office space plus an additional 1,500± square feet mezzanine that can support storage or future needs. The secondary building provides approximately 3,156± square feet and includes a loading dock designed for shipping and receiving or production activity.
The property is positioned in the Chico Airport area at 200 Ryan Avenue and is described as having an industrial setting. Features called out include metal roofs, 3-phase power, secure fencing, and ample on-site parking.
The current configuration supports businesses that need both work/production space and onsite office use. It is currently occupied by a woodworking business on a short-term lease, and the tenant will be given 90 days’ notice to vacate as a condition of sale, creating a clear path for a new owner to take occupancy following the notice period.
The property is positioned in the Chico Airport area at 200 Ryan Avenue and is described as having an industrial setting. Features called out include metal roofs, 3-phase power, secure fencing, and ample on-site parking.
The current configuration supports businesses that need both work/production space and onsite office use. It is currently occupied by a woodworking business on a short-term lease, and the tenant will be given 90 days’ notice to vacate as a condition of sale, creating a clear path for a new owner to take occupancy following the notice period.
Key Highlights
- Two metal buildings totaling approx. 9,807± SF on a 0.73‑acre fully fenced lot in the Chico Airport area
- Main building approx. 6,651± SF with approx. 2,000± SF finished office space plus approx. 1,500± SF mezzanine for storage or expansion
- Secondary building approx. 3,156± SF with a loading dock for shipping/receiving or production operations
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
7.11%
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 10.76%
Second Best
Warehouse
$980.7K
$858.1K – $1.14M
NOI $68,650 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,607 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
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 - Fully fenced industrial property with two metal buildings and dedicated office space for owner-users or investors.
Where is this flex space located?
The property is located at 200 Ryan Avenue Chico, CA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Two metal buildings totaling approx. 9,807± SF on a 0.73‑acre fully fenced lot in the Chico Airport area; Main building approx. 6,651± SF with approx. 2,000± SF finished office space plus approx. 1,500± SF mezzanine for storage or expansion; Secondary building approx. 3,156± SF with a loading dock for shipping/receiving or production operations
