Single-Story Professional Office
For Sale
Contact for pricing
470 RIO LINDO AVE, Chico, CA 95926
Well-maintained office property with two suites, ample parking, freeway access, and proximity to public transportation.
Property Size9,000 SF
Lot Size1.01 Acres
Price / SF$200
Days on Market9
Property Features for 470 RIO LINDO AVE
General Information
Standard status
Active
Size
9,000 SF
Class
B
Lot size
1.01 Acres
Property subtype
Office
Zoning
C1
Occupancy
50%
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Building Details
Year Built
1978
Buildings
1
Stories
1
Units
2
Building Size
9,000 SF
Listing Agency:
Commercial Brokers of California
(530) 896-3166
Listed By:
Mike Donnelly · License #01429436
Source:
Crexi
Added: Aug 4
Changed: Aug 12
Last Checked: Aug 12 at 3:36AM
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 Commercial Brokers of California
Investment Insights
Based on property information with market context.
Built in 1978, this single-story professional office building contains 9,000 square feet on approximately 1.01 acres across two separate APNs. The well-maintained improvements are configured as two suites, including Suite A, where a medical tenant or user occupies approximately 5,000 square feet. Ample parking serves the property, and the site is positioned within an established trade area with convenient freeway access and nearby public transportation.
The C1-zoned property can accommodate either an owner-user seeking professional office space or an investor evaluating an asset with an existing medical occupant. Its two-suite layout provides a defined separation between users within the building.
The C1-zoned property can accommodate either an owner-user seeking professional office space or an investor evaluating an asset with an existing medical occupant. Its two-suite layout provides a defined separation between users within the building.
Key Highlights
- 9,000‑square‑foot single‑story professional office building
- Approximately 1.01 acres across 2 separate APNs
- Two‑suite configuration, including Suite A at approximately 5,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,652
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,093,040
$2.1M
Cap Rate 7%
$1,495,029
$1.5M
Cap Rate 9%
$1,162,800
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
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.
Gross rent
$183.6K $20.40/SF
− Vacancy
−$9.2K −$1.02/SF
EGI
$174.4K $19.38/SF
− OpEx
−$69.8K −$7.75/SF
NOI
$104.7K $11.63/SF
Area
Chico, CA
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,093,040
Cap Rate 7%
$1,495,029
Cap Rate 9%
$1,162,800
Alternative Uses
Best Use
Healthcare Medical
$1.50M
$1.31M – $1.74M
NOI $104,652 @ 7.0% cap · market cap 5.81%
Second Best
Office B
$1.36M
$1.19M – $1.59M
NOI $95,246 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,202 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office property with two suites, ample parking, freeway access, and proximity to public transportation.
Where is this office building located?
The property is located at 470 RIO LINDO AVE Chico, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 9,000‑square‑foot single‑story professional office building; Approximately 1.01 acres across 2 separate APNs; Two‑suite configuration, including Suite A at approximately 5,000 square feet
