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    392 Connors Ct A Chico, CA 95926

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    For Sale
    $273,400

    1,380 SF office suite with flexible floor plan.

    Type:Commercial
    Property size:
    1,380 SF
    Price / SF:
    $198/SF
    Added:
    Apr 24, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 24 at 4:32 pm

    Property Features for 392 Connors Ct A

    General Information

    Standard status
    Active
    Size
    1,380 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Natalie Korber

    Listing agent Natalie Korber

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Natalie Korber

    Overview

    Functional Office Suite For Sale

    This 1,380 SF medical or professional office suite features fresh interior paint and durable LVP flooring throughout. A newer HVAC system, replaced in 2020, includes a Nest thermostat. The flexible floor plan includes five private offices, two of which have sinks, plus a reception area, waiting room, private restroom, and extensive storage space. A convenient side and back entrance offers additional access for staff or clients. The layout provides a variety of usable workspaces suited for medical, wellness, or professional office needs. Located within an established professional office complex with POA-managed common areas, the property also offers ample on-site parking for both staff and visitors. Positioned near the intersection of HWY99 and East Avenue, this location offers quick connectivity for staff and clients alike, with established residential neighborhoods, shopping centers, dining options, and other professional and healthcare offices all close by. The location has a bike score of 85, indicating it is very bikeable, and a walk score of 0, indicating it is somewhat walkable.
    Location Intelligence

    Current Use by Public Records

    Integrative Massage Center Hair Salon Powell Raymond A MD Physician Skyway House Outpatient ... Medical Clinic Kp Design & Construction, ... Renovation Specialist Carbessentials (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • PawPrints Spay/Neuter Clinic — 2607 Esplanade, Chico, CA 95973
    • Chico Pet Vet — 2156 Pillsbury Rd, Chico, CA 95926
    • Riverwood Veterinary Hospital — 1900 Mangrove Ave #50, Chico, CA 95926
    • PetSites — 2607 Esplanade, Chico, CA 95973
    • Vietnam Vets — Chico, CA 95926

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8553496
    Latitude
    39.7591524

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    FAQs

    What type of property is this?
    Medical Office Space - 1,380 SF office suite with flexible floor plan.
    Where is this medical office space located?
    The property is located at 392 Connors Ct A Chico, CA.
    What is the asking price?
    The asking price for this property is $273,400.
    What are key features of this property?
    This property features: Prime location near HWY99 and East Avenue provides easy access to residential areas, shopping, dining, and other professional/healthcare offices; Flexible 1,380 SF floor plan includes five private offices, reception area, waiting room, private restroom, and ample storage; Newer HVAC system (replaced in 2020) with Nest thermostat ensures energy efficiency
    (530) 520-0308
    We can help!
    Listing Contact
    Natalie Korber
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    392 Connors Ct A, Chico, CA 95926

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