406 Panama Avenue, Chico, CA 95973
- Added:
- Oct 14, 2025
- Days on Market:
- 242
- Last Refresh:
- Jun 12 at 7:06 am
Property Features for 406 Panama Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- 006160034000
- Size
- 2,756 SF
- Lot size
- 1.50 Acres
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1948
- Architectural style
- Other
Listing agent Elke Haldorson License #02081306 (530) 321-5951
Listing office eXp Realty of California, Inc. 2603 Camino Ramon, San Ramon, CA (888) 584-9427
Listing date Oct 14, 2025
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Large 1.5+ acre lot in the heart of Chico.
- Zoned Light Manufacturing, ideal for live‑work setup with business, agricultural, and manufacturing uses allowed.
- Spacious 2,756 sq ft mid‑century home with 4 bedrooms and 2 bathrooms.
- Fully fenced and gated .81 acre area awaiting customization.
- Ample parking with long paved driveway, backyard paved parking pad, and attached garage for multiple vehicles, RVs, boats, etc.
- Charming home features include hardwood floors, arched doorways, sunny window seats, and 2 fireplaces.
Overview
Local Financial Insights For Mixed Use
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 | $52.9k | $19.20 |
| − Vacancy | −$3.2k | −$1.15 |
| EGI | $49.7k | $18.05 |
| − OpEx | −$18.7k | −$6.77 |
| NOI | $31.1k | $11.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.858013
- Latitude
- 39.761074