Industrial Buildings with Yard
For Sale
$3,550,000
2270 Ivy, Chico, CA 95928
Two industrial buildings on 2.42 acres with ample parking.
Property Size27,000 SF
Lot Size2.42 Acres
Price / SF$131.48
Days on Market146
Property Features for 2270 Ivy
General Information
Standard status
Active
Size
27,000 SF
Lot size
2.42 Acres
Property subtype
Industrial
Building Details
Building Size
34,500 SF
Listing Agency:
Bill Chance Realty
(530) 343-7085
Listed By:
Bill Chance · License #00969209
(530) 343-7085
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 6 at 10:59AM
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.
The property features two industrial buildings situated on a 2.42-acre lot. One 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 has two roll-up doors. The property includes 3-Phase 240 power and a 35.4 kw owned solar system. The configuration of the property allows for substantial yard space and parking. A center post in the larger building is removable. The adjoining property at 2244 Ivy Street is also for sale and can be purchased separately or together.
Key Highlights
- 2.42‑acre lot with two industrial buildings totaling 34,500 sq. ft.
- The 27,000 sq. ft. building features office space, breakroom, restrooms, a recessed truck dock, and multiple roll‑up doors.
- Benefit from 3‑Phase 240 power and a 35.4 kw owned solar system.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $246.2k | $9.12 |
| − Vacancy | −$23.9k | −$0.88 |
| EGI | $222.4k | $8.24 |
| − OpEx | −$33.4k | −$1.24 |
| NOI | $189.0k | $7.00 |
27,000 SF · lease $9.12/SF/yr · vacancy 9.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.70M
$2.36M – $3.15M
NOI $189,002 @ 7.0% cap · market cap 5.32%
Second Best
Industrial
$2.37M
$2.07M – $2.76M
NOI $165,888 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$5.45M
$4.77M – $6.36M
NOI $381,605 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,778
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings on 2.42 acres with ample parking.
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 $3,550,000.
What are key features of this property?
This property features: 2.42‑acre lot with two industrial buildings totaling 34,500 sq. ft.; The 27,000 sq. ft. building features office space, breakroom, restrooms, a recessed truck dock, and multiple roll‑up doors.; Benefit from 3‑Phase 240 power and a 35.4 kw owned solar system.
