Corner Office Suite with
310 Flume St, Chico, CA 95928
For Sale
Contact for pricing
Updated office suite includes reception, eight private offices, a conference room, and storage in a renovated 1962 building.
Property Size4,356 SF
Price / SF$160.47
Days on Market181
Property Features for 310 Flume St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Capital Rivers
(916) 514-5225
Listed By:
Carrie Welch · License CA #01926238
(530) 570-5107
Source:
Moodyscre
Added: May 18
Changed: Nov 2
Last Checked: Nov 12 at 9:11AM
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 Capital Rivers
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Investment Insights
Based on property information with market context.
This updated corner office suite is located in a building originally built in 1962 and renovated in 2022. The suite offers a reception area, eight private offices, a conference room, and storage, designed for a turnkey professional office setup.
The property is positioned on a corner in Chico, with public parking available across the street and convenient access to downtown amenities.
For sale as a triple-net leased investment, the building and suite configuration support both investor ownership and owner-user occupancy where available.
The property is positioned on a corner in Chico, with public parking available across the street and convenient access to downtown amenities.
For sale as a triple-net leased investment, the building and suite configuration support both investor ownership and owner-user occupancy where available.
Key Highlights
- Recently updated office suite in a building built in 1962 and renovated in 2022
- Corner location on 3rd and Flume Street in Chico, CA
- Office layout includes a reception area, eight private offices, a conference room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,099
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,980
$922.0K
Cap Rate 7%
$658,557
$658.6K
Cap Rate 9%
$512,211
$512.2K
Market Conditions
NOI Build-Up for 4,356 SF
Gross rent
$64.3K $14.76/SF
− Vacancy
−$2.8K −$0.65/SF
EGI
$61.5K $14.11/SF
− OpEx
−$15.4K −$3.53/SF
NOI
$46.1K $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%
$921,980
Cap Rate 7%
$658,557
Cap Rate 9%
$512,211
Alternative Uses
Best Use
Office B
$658.6K
$576.2K – $768.3K
NOI $46,099 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$879.5K
$769.6K – $1.03M
NOI $61,566 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
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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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Market
Properties on Market for Office Units in Chico
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Updated office suite includes reception, eight private offices, a conference room, and storage in a renovated 1962 building.
Where is this office unit located?
The property is located at 310 Flume St Chico, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Recently updated office suite in a building built in 1962 and renovated in 2022; Corner location on 3rd and Flume Street in Chico, CA; Office layout includes a reception area, eight private offices, a conference room, and storage
