Single-Story Office Complex with
578 Rio Lindo Ave Chico, CA 95926
578 Rio Lindo Ave, Chico, CA, 95926
$800,000
For Sale
$800,000
Five office units in a single-story professional complex with high-visibility exposure on Rio Lindo Avenue.
Property Size6,864 SF
Price / SF$116.55
Days on Market158
Property Features for 578 Rio Lindo Ave
General Information
- Standard status
- Active
- Size
- 6,864 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1972
Listing agency
Hamman Real Estate
(530) 228-1940
Listed by
Kory Hamman · License #01158025
(530) 228-1940
Source
Exitrealty
Added: Feb 13 Updated: Jul 20 at 8:23PM Checked: Jul 21 at 3:12AM
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 Hamman Real Estate
Investment Insights
Based on property information with market context.
A well-located, single-story professional office complex featuring five versatile office units. The property totals 6,864 square feet and is designed for multiple suite configurations within one building.
Situated on Rio Lindo Avenue in Chico’s centrally positioned commercial area, the complex offers visibility associated with Hwy 99. The property has a history of supporting professional and medical/service-oriented tenancy.
For ownership, the multi-unit layout provides flexibility for occupancy and tenant mix across the five separate units while maintaining a single-building, single-story approach.
Situated on Rio Lindo Avenue in Chico’s centrally positioned commercial area, the complex offers visibility associated with Hwy 99. The property has a history of supporting professional and medical/service-oriented tenancy.
For ownership, the multi-unit layout provides flexibility for occupancy and tenant mix across the five separate units while maintaining a single-building, single-story approach.
Key Highlights
- Single‑story professional office complex built in 1972
- Five office units totaling 6,864 SF
- Located on Rio Lindo Avenue in Chico’s Rio Lindo Avenue commercial area
Local 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 | $101.3k | $14.76 |
| − Vacancy | −$4.5k | −$0.65 |
| EGI | $96.9k | $14.11 |
| − OpEx | −$24.2k | −$3.53 |
| NOI | $72.6k | $10.58 |
6,864 SF · lease $14.76/SF/yr · vacancy 4.40% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.14M
$997.7K – $1.33M
NOI $79,815 @ 7.0% cap · market cap 9.98%
Second Best
Office B
$1.04M
$908.0K – $1.21M
NOI $72,641 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,012 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rehabilitation Medicine Assocs
Physician
Robert M. Victor, ...
Physician
Jaclin Brugnano
Marriage Or Relationship Counselor
North Valley Housing ...
Association / Organization
Mark Dollinger
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Five office units in a single-story professional complex with high-visibility exposure on Rio Lindo Avenue.
Where is this office units located?
The property is located at 578 Rio Lindo Ave Chico, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Single‑story professional office complex built in 1972; Five office units totaling 6,864 SF; Located on Rio Lindo Avenue in Chico’s Rio Lindo Avenue commercial area
