Office Building for
For Sale
$635,000
2801 Godman Avenue, Chico, CA 95973
For-sale office building in Chico, CA, positioned for businesses seeking a straightforward commercial ownership opportunity.
Property Size3,070 SF
Days on Market73
Property Features for 2801 Godman Avenue
General Information
Standard status
Active
Size
3,070 SF
Amenities
Central Air
Central
Building Details
Building Size
3,070 SF
Year Built
1998
Stories
1
Listing Agency:
Platinum Partners Real Estate
(530) 570-9192
Listed By:
Elisa Logan · License #02022183
(530) 570-9192
Source:
Evrealestate
Added: Jun 3
Changed: Aug 8
Last Checked: Jun 6 at 2:47AM
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 Platinum Partners Real Estate
Investment Insights
Based on property information with market context.
This office building is offered for sale and can serve a range of business users looking to own an office-oriented asset. The property is identified as 2801 Godman Avenue in Chico, within Butte County.
Public directions note access via E Lassen to Godman. The available information does not describe interior layout, suite sizes, condition, or specific amenities, so prospective buyers should plan to verify details during due diligence.
For tenants considering a purchase, an office building format may fit administrative, professional, or service-oriented operations that prefer a dedicated commercial building. Because the listing information is limited to address and classification, the best next step is to review the property with a broker to confirm floor plan configuration and any improvements relevant to your intended use.
Public directions note access via E Lassen to Godman. The available information does not describe interior layout, suite sizes, condition, or specific amenities, so prospective buyers should plan to verify details during due diligence.
For tenants considering a purchase, an office building format may fit administrative, professional, or service-oriented operations that prefer a dedicated commercial building. Because the listing information is limited to address and classification, the best next step is to review the property with a broker to confirm floor plan configuration and any improvements relevant to your intended use.
Key Highlights
- Commercial office building for sale in Chico, CA
- Built in 1998
- Central heating and central air conditioning
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
$32,490
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
5.12%
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%
$649,800
$649.8K
Cap Rate 7%
$464,143
$464.1K
Cap Rate 9%
$361,000
$361.0K
Market Conditions
NOI Build-Up for 3,070 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
$45.3K $14.76/SF
− Vacancy
−$2.0K −$0.65/SF
EGI
$43.3K $14.11/SF
− OpEx
−$10.8K −$3.53/SF
NOI
$32.5K $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 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%
$649,800
Cap Rate 7%
$464,143
Cap Rate 9%
$361,000
Alternative Uses
Best Use
Office B
$464.1K
$406.1K – $541.5K
NOI $32,490 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.9K
$542.4K – $723.2K
NOI $43,390 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Office building - For-sale office building in Chico, CA, positioned for businesses seeking a straightforward commercial ownership opportunity.
Where is this office building located?
The property is located at 2801 Godman Avenue Chico, CA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Commercial office building for sale in Chico, CA; Built in 1998; Central heating and central air conditioning
