Professional Office Space For
For Sale
$499,000
643 W East Ave, Chico, CA 95926
2,260 sq ft office space in Chico, CA.
Property Size2,620 SF
Lot Size0.06 Acres
Price / SF$220.80
Days on Market155
Property Features for 643 W East Ave
General Information
Standard status
Active
Size
2,620 SF
Lot size
0.06 Acres
Property subtype
Commercial
Building Details
Building Size
2,620 SF
Year Built
1999
Listing Agency:
Commercial Brokers of California
(530) 828-0011
Listed By:
Michael Donnelly · License #01350075
(530) 828-0011
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:20AM
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.
This 2,260 sq. ft. office is available for sale within a professional business center. The property is suitable for an owner/operator or investor. The suite features a waiting room, reception area, multiple offices/exam rooms (most with sinks), three bathrooms, and two open flex/bullpen areas. The suite has been divided into two units. Suite #2 is currently leased by a medical office. Suite #1, totaling approximately 993 sq. ft., is available for lease or occupancy by an owner/user. The property is located in Chico, CA.
Key Highlights
- 2,260 sq. ft. office in a first‑class professional business center.
- Suite is split into two units, one currently leased to a medical office, providing immediate income.
- Suite #1 (approx. 993 sq. ft.) is available for lease or owner occupancy.
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
$26,279
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
5.27%
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%
$525,580
$525.6K
Cap Rate 7%
$375,414
$375.4K
Cap Rate 9%
$291,989
$292.0K
Market Conditions
NOI Build-Up for 2,260 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
$46.1K $20.40/SF
− Vacancy
−$2.3K −$1.02/SF
EGI
$43.8K $19.38/SF
− OpEx
−$17.5K −$7.75/SF
NOI
$26.3K $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%
$525,580
Cap Rate 7%
$375,414
Cap Rate 9%
$291,989
Alternative Uses
Best Use
Healthcare Medical
$375.4K
$328.5K – $438.0K
NOI $26,279 @ 7.0% cap · market cap 5.27%
Second Best
Office B
$341.7K
$299.0K – $398.6K
NOI $23,917 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$456.3K
$399.3K – $532.4K
NOI $31,942 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
267
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
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Frequently Asked Questions
What type of property is this?
Office units - 2,260 sq ft office space in Chico, CA.
Where is this office units located?
The property is located at 643 W East Ave Chico, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,260 sq. ft. office in a first‑class professional business center.; Suite is split into two units, one currently leased to a medical office, providing immediate income.; Suite #1 (approx. 993 sq. ft.) is available for lease or owner occupancy.
