Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    75 Declaration Dr Chico, CA 95973

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-maintained office complex with access to conference room.

    Type:Office
    Added:
    May 16, 2024
    Days on Market:
    697
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 75 Declaration Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1991

    Spaces For Lease

    at 75 Declaration Dr Contact us

    We can help!

    Listing Contact
    BRIAN LITTRELL

    Listing agent BRIAN LITTRELL License #01350075

    Listing office Coldwell Banker C & C Properties

    Listing date May 16, 2024

    Source Crexi

    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 Coldwell Banker C & C Properties

    Overview

    Professional Office Suite For Rent

    This first-floor suite is situated within a well-maintained professional office complex. The location provides convenient access to the city, the airport, and Northern California via Highway 99. The property is near the intersection of Highway 99, the Esplanade, and Eaton Road in Chico. Individual office suites are available with access to a conference room. The rent is on a gross basis, with the owner covering utilities and janitorial services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M and H Auto ... Car Dealership Moore Karin N Physician Aguirre Mediation Mediation Service LOU MARTONE REALTY Real Estate Agency Law Offices of Sharon ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8723721
    Latitude
    39.7720815

    Nearby Similar for Lease

    • Contact for pricing

      Retail and Warehouse/Flex Space

      Retail and warehouse/flex space available for lease.
      3388 State Highway 32, Chico, CA 95973
      View Details
    • Contact for pricing

      Versatile Commercial Property on Park Avenue

      Highly visible commercial property suitable for retail, service, and warehouse uses.
      1538 Park, Chico, CA 95928
      View Details
    • Contact for pricing

      Chico Flex Space For Lease

      Well-maintained flex space with updated office and warehouse areas.
      3388 Hwy 32, Chico, CA 95973
      View Details
    • Contact for pricing

      Chico Warehouse Unit For Lease

      Warehouse unit with office space, roll-up door, and shared dock.
      2704 Hegan Lane, Chico, CA 95928
      View Details
    • Contact for pricing

      Chico Retail Lease Takeover Opportunity

      Prime retail space in Mangrove Plaza, ready for various businesses.
      938 Mangrove, Chico, CA 95926
      View Details
    • Contact for pricing

      Remodeled Restaurant and Bar Space

      Remodeled restaurant and bar with warehouse in Downtown Chico.
      824 Oroville Ave, Chico, CA 95928
      View Details
    • Contact for pricing

      Updated Retail Suite For Rent

      Updated suite with open layout, suitable for various business types.
      800 Bruce Rd, Chico, CA
      View Details
    • Contact for pricing

      North Valley Plaza Mall Space

      Regional community power center with national anchor tenants.
      851 East Avenue & 2443 Cohasset Rd, Chico , CA, 95926
      View Details
    • Contact for pricing

      Professional Office Building with Patio

      6,000 SF office building with modern amenities for rent.
      13434 Browns Valley Dr, Chico, CA
      View Details
    • Contact for pricing

      Corner Office Space with Windows

      Second-floor office with natural light, private offices, and amenities.
      60 Declaration Dr, Chico, CA
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      3,452 SF medical office space in Garden Villa complex.
      194 Cohasset Rd, Chico, CA
      View Details
    • Contact for pricing

      Courtyard Complex Office Space

      Office suite with open floor plan and private restroom.
      1324 Mangrove Ave, Chico, CA
      View Details

    FAQs

    What type of property is this?
    Office units - Well-maintained office complex with access to conference room.
    Where is this office units located?
    The property is located at 75 Declaration Dr Chico, CA.
    What are key features of this property?
    This property features: Excellent location near Highway 99, Esplanade, and Eaton Road, providing easy access to Chico, the airport, and Northern California.; Gross lease: Owner pays for utilities and janitorial services.; Access to a shared conference room.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    BRIAN LITTRELL
    Real Estate License ID: 01350075
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!