Downtown Office
310 Salem Chico, CA 95928
For Sale
$770,000
Downtown office building with private offices, breakroom, multiple restrooms, and conference or gathering spaces.
Property Size3,832 SF
Price / SF$200.94
Days on Market175
Property Features for 310 Salem
General Information
- Standard status
- Active
- Size
- 3,832 SF
- Property subtype
- Office
Building Details
- Year Built
- 1948
Listing Agency:
Main & Main Commercial
(530) 521-0608
Listed By:
Arwen Funk · License #01198804
Source:
Xome
Added: Jan 31
Changed: Jul 22
Last Checked: Jul 25 at 2:56AM
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 Main & Main Commercial
Investment Insights
Based on property information with market context.
310 Salem is a flexible downtown office property offered for sale and also available for lease. The building includes three restrooms, a large employee breakroom area, private offices, and several large gathering or conference spaces.
The remarks indicate excellent signage and visibility, with plenty of nearby amenities and substantial parking. The property also features an on-site adjacent lot with spaces available for long-term lease or possibly purchase under a separate agreement, and it is described as being across from a parking garage.
The offering notes that 310 Salem is available together with the adjacent building at 350 Salem, providing additional flexibility for a buyer or tenant looking to consolidate space.
The remarks indicate excellent signage and visibility, with plenty of nearby amenities and substantial parking. The property also features an on-site adjacent lot with spaces available for long-term lease or possibly purchase under a separate agreement, and it is described as being across from a parking garage.
The offering notes that 310 Salem is available together with the adjacent building at 350 Salem, providing additional flexibility for a buyer or tenant looking to consolidate space.
Key Highlights
- Downtown office commercial building at 310 Salem, built in 1948
- Includes three restrooms, a large employee breakroom, and private office space
- Features several large gathering/conference spaces for meetings and events
Financial Insights For Office B
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 | $56.6k | $14.76 |
| − Vacancy | −$2.5k | −$0.65 |
| EGI | $54.1k | $14.11 |
| − OpEx | −$13.5k | −$3.53 |
| NOI | $40.6k | $10.58 |
3,832 SF · lease $14.76/SF/yr · vacancy 4.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$579.3K
$506.9K – $675.9K
NOI $40,554 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.7K
$677.0K – $902.7K
NOI $54,160 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Downtown office building with private offices, breakroom, multiple restrooms, and conference or gathering spaces.
Where is this office building located?
The property is located at 310 Salem Chico, CA.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Downtown office commercial building at 310 Salem, built in 1948; Includes three restrooms, a large employee breakroom, and private office space; Features several large gathering/conference spaces for meetings and events
