Two-Industrial Warehouse
New
For Sale
$1,900,000
295 Convair, Chico, CA 95973
Two large leased warehouse buildings on one fully fenced parcel with offices, multiple roll-up doors, and abundant parking.
Days on Market5
Property Features for 295 Convair
General Information
Standard status
Active
Property subtype
Industrial
Warehouse & Industrial
Clear Height
21 ft
Power
600 amps
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Building Size
26,350 SF
Year Built
1984
Buildings
2
Listing Agency:
Keller Williams Realty Chico Area
(530) 570-5261
Listed By:
Lindsey Ginno · License #01916286
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 5:02AM
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 Keller Williams Realty Chico Area
Investment Insights
Based on property information with market context.
Two large industrial warehouse buildings sit on one parcel in North Chico near the airport. The property is fully fenced and includes ample on-site parking. Both buildings are currently leased, giving an investor or owner-user the opportunity to operate or reposition industrial space.
Building A offers 15,300 sq. ft. with several offices, a meeting room, break room, restroom, and a private upstairs office with a mezzanine. Offices are equipped with central heat and air. Building A also includes one 10x10 roll-up door, 2 16x18 roll-up doors, and new man doors, along with new LED lighting. Building B totals 11,050 sq. ft. with a small office space and 2 16x18 roll-up doors. Both buildings have a ceiling clearance of 21-feet and are equipped with 600 amp phase 3 power.
The parking lot between the units has recently been coated and sealed. The buildings were built in 1984.
Building A offers 15,300 sq. ft. with several offices, a meeting room, break room, restroom, and a private upstairs office with a mezzanine. Offices are equipped with central heat and air. Building A also includes one 10x10 roll-up door, 2 16x18 roll-up doors, and new man doors, along with new LED lighting. Building B totals 11,050 sq. ft. with a small office space and 2 16x18 roll-up doors. Both buildings have a ceiling clearance of 21-feet and are equipped with 600 amp phase 3 power.
The parking lot between the units has recently been coated and sealed. The buildings were built in 1984.
Key Highlights
- 15,300 sq. ft. Building A with offices, meeting room, break room, restroom, and upstairs private office with mezzanine
- 11,050 sq. ft. Building B with small office space and two 16x18 roll‑up doors
- Ceiling clearance of 21‑feet in both buildings
Financial Insights For Flex RnD
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 | $284.6k | $10.80 |
| − Vacancy | −$27.6k | −$1.05 |
| EGI | $257.0k | $9.75 |
| − OpEx | −$89.9k | −$3.41 |
| NOI | $167.0k | $6.34 |
26,350 SF · lease $10.80/SF/yr · vacancy 9.70% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.07M
NOI $184,451 @ 7.0% cap · market cap 9.71%
Second Best
Flex RnD
$2.39M
$2.09M – $2.78M
NOI $167,034 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$5.32M
$4.66M – $6.21M
NOI $372,418 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
210
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two large leased warehouse buildings on one fully fenced parcel with offices, multiple roll-up doors, and abundant parking.
Where is this warehouse located?
The property is located at 295 Convair Chico, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 15,300 sq. ft. Building A with offices, meeting room, break room, restroom, and upstairs private office with mezzanine; 11,050 sq. ft. Building B with small office space and two 16x18 roll‑up doors; Ceiling clearance of 21‑feet in both buildings
