Flexible Office
For Sale
$679,900
2623 Forest, Chico, CA 95928
Includes a lobby, private offices, open work area, and washer and dryer hookups.
Property Size3,250 SF
Price / SF$209.20
Days on Market52
Property Features for 2623 Forest
General Information
Standard status
Active
Size
3,250 SF
Additional Details
Highway Access
Yes
Amenities
lobby
waiting area
private offices
large open workspace
washer and dryer hookups
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Century 21 Select Real Estate, Inc.
Listed By:
Kimberly Shaffer · License #01415693
(530) 345-6618
Source:
Myfabuloushome
Added: Aug 26
Changed: Sep 14
Last Checked: Oct 7 at 1:05PM
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 Century 21 Select Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This stand-alone office property was constructed in 2004 and currently combines four originally separate units into a single larger workspace. The interior includes a lobby and waiting area, private offices, an open work area, and washer and dryer hookups, providing a varied configuration for business operations.
Access to Highway 99 and Skyway connects the property with Chico and surrounding communities, including Paradise and Oroville. The area includes professional offices, retail businesses, shopping, restaurants, and daily services.
The building may be reconfigured into four separate units, subject to applicable approvals and construction requirements. That layout offers flexibility for an owner-user seeking a portion of the property or for separate occupancy arrangements.
Access to Highway 99 and Skyway connects the property with Chico and surrounding communities, including Paradise and Oroville. The area includes professional offices, retail businesses, shopping, restaurants, and daily services.
The building may be reconfigured into four separate units, subject to applicable approvals and construction requirements. That layout offers flexibility for an owner-user seeking a portion of the property or for separate occupancy arrangements.
Key Highlights
- 2004 construction
- Originally configured as four separate units and later combined into one larger office space
- Lobby and waiting area, private offices, and open work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,394
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,880
$687.9K
Cap Rate 7%
$491,343
$491.3K
Cap Rate 9%
$382,156
$382.2K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$48.0K $14.76/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$45.9K $14.11/SF
− OpEx
−$11.5K −$3.53/SF
NOI
$34.4K $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%
$687,880
Cap Rate 7%
$491,343
Cap Rate 9%
$382,156
Alternative Uses
Best Use
Office B
$491.3K
$429.9K – $573.2K
NOI $34,394 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$656.2K
$574.2K – $765.6K
NOI $45,934 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Includes a lobby, private offices, open work area, and washer and dryer hookups.
Where is this office building located?
The property is located at 2623 Forest Chico, CA.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: 2004 construction; Originally configured as four separate units and later combined into one larger office space; Lobby and waiting area, private offices, and open work area
