Industrial Buildings on Large
For Sale
$3,100,000
2270 Ivy, Chico, CA 95928
Two industrial buildings on 2.42 acres with yard space.
Property Size34,500 SF
Price / SF$89.86
Days on Market317
Property Features for 2270 Ivy
General Information
Standard status
Active
Size
34,500 SF
Listing Agency:
Bill Chance Realty
Listed By:
Bill Chance · License #00969209
(530) 343-7085
Source:
Myfabuloushome
Added: Nov 28, 2025
Changed: Oct 1
Last Checked: Oct 7 at 3:30PM
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 Bill Chance Realty
Investment Insights
Based on property information with market context.
This property features two industrial buildings situated on a 2.42-acre lot. The larger building encompasses 27,000 square feet, including over 700 square feet of office space, a breakroom, and restrooms. It is equipped with a recessed truck dock and multiple roll-up doors. The second building provides 7,500 square feet of space and includes two roll-up doors. The property benefits from 3-Phase 240 power and a 35.4 kw owned solar system. The configuration of the site allows for ample yard space and parking. A center post in the larger building is removable. An adjoining property at 2244 Ivy Street is also for sale and can be purchased separately or together.
Key Highlights
- 27,000 sq. ft. building featuring office space, breakroom, restrooms, and truck dock. Multiple roll‑up doors provide easy access.
- Additional 7,500 sq. ft. building with two roll‑up doors.
- 2.42‑acre lot offers ample yard space and parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,502
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,830,040
$4.8M
Cap Rate 7%
$3,450,029
$3.5M
Cap Rate 9%
$2,683,356
$2.7M
Market Conditions
NOI Build-Up for 34,500 SF
Gross rent
$314.6K $9.12/SF
− Vacancy
−$30.5K −$0.88/SF
EGI
$284.1K $8.24/SF
− OpEx
−$42.6K −$1.24/SF
NOI
$241.5K $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 Rate 5%
$4,830,040
Cap Rate 7%
$3,450,029
Cap Rate 9%
$2,683,356
Alternative Uses
Best Use
Warehouse
$3.45M
$3.02M – $4.03M
NOI $241,502 @ 7.0% cap · market cap 7.79%
Second Best
Industrial
$3.03M
$2.65M – $3.53M
NOI $211,968 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$6.97M
$6.10M – $8.13M
NOI $487,606 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95928, CA
38,378
Population
17,455
Households
2.2
Avg Household Size
35
Median Age
41%
College-Educated
90%
High-School Grad
145.4 sq mi
ZIP Area
264
Density / Sq Mi
$65,350
Median Household Income
$32,615
Median Earnings
$1,419
Median Rent
$476,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings on 2.42 acres with yard space.
Where is this warehouse located?
The property is located at 2270 Ivy Chico, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 27,000 sq. ft. building featuring office space, breakroom, restrooms, and truck dock. Multiple roll‑up doors provide easy access.; Additional 7,500 sq. ft. building with two roll‑up doors.; 2.42‑acre lot offers ample yard space and parking.
