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    Property profile & analytics

    2580 Feather Riv Blvd Oroville, CA 95965-9632

    • Office buildings
    • 23,729 SF
    • 4.71 lot acres
    OFF-MARKET
    Last Sale
    Feb 21, 2025
    $10,724,000
    Value Estimations
    $12,730,000
    Show details
    Cap Rate Potential
    5.5%
    Office buildings
    Location Intelligence
    Property ID
    US09-3369395
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tractor Supply Co. / Farm Shop / Garden Center
    • City Alive Church / Church
    • Common Threads North / Non-Profit Organization

    Property Details for 2580 Feather Riv Blvd

    Year built
    1955
    Construction
    TILT-UP CONCRETE
    Lot size
    4.71 lot acres
    Property size
    23,729 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    035-330-012-000
    APU
    35330012000

    Description

    This exceptional investment opportunity presents a brand-new, 23,729 square-foot Tractor Supply Company (TSCO) retail property located at 2580 Feather River Blvd, Oroville, CA 95965. The property sits on a 4.7-acre lot and boasts a newly constructed (2024) building designed to the latest Tractor Supply prototype, including a greenhouse, forage shed, feed room, fenced outdoor sales area, and ample parking. The 20-year net lease (NN+) commenced April 1, 2024, and includes rent bumps, providing a stable and predictable income stream. The tenant, Tractor Supply Company, is a Fortune 500 company with a strong credit rating and corporate guarantee, mitigating risk. This high-visibility location benefits from its proximity to State Highway 70 and a major intersection, experiencing nearly 40,000 vehicles daily. Oroville's strong agricultural industry and substantial population (38,901 within a five-mile radius, with an average household income of $73,176) create a reliable customer base. Furthermore, the property's proximity to schools and Lake Oroville enhances its appeal and traffic flow. The asking price is $11,211,000, and the property is suitable for a 1031 exchange. This is a rare opportunity to acquire a high-quality, long-term net lease investment in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,730,000
      ML approach
      $9,660,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oroville
    County
    Butte
    State
    California
    Longitude
    -121.574
    Latitude
    39.4951
    CBSA code
    17020
    CBSA name
    CHICO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $24,532
    $498,767
    $238,771
    $737,538
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
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      Oroville, CA 95965

      OFFICE BUILDING • 20,030 SF
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    • Value Estimation by Request
      1.60 Acres

      1859 Bird St

      OFFICE BUILDING • 1.60 Acres
      1859 Bird St, Oroville, CA 95965-4854
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    • Value Estimation
      $225,000
      1,000 SF

      2110 5th Ave

      OFFICE BUILDING • 1,000 SF
      2110 5th Ave, Oroville, CA 95965-5862
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    • Value Estimation
      $315,000
      8,343 SF

      1870 Bird St

      OFFICE BUILDING • 8,343 SF
      1870 Bird St, Oroville, CA 95965-4855
      View Details
    • Value Estimation by Request
      1,200 SF

      Oroville, CA 95965

      OFFICE BUILDING • 1,200 SF
      Oroville, CA 95965
      View Details

    Similar Nearby for Sale

    • $1,025,000

      Oroville Office Building For Sale

      6,000 sq ft office building with NNN lease.
      1276 Feather Riv Blvd Blvd, Oroville, CA 95965
      View Details
    • $396,000
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      Oroville Commercial Condominium Units

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      Oroville Office Space: Downtown Gem

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      Oroville Commercial Condo For Sale

      Condo unit in business complex, currently a dental office.
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    • $799,900
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      Oroville Commercial Property with Highway Visibility

      Office and warehouse space with ample parking and highway access.
      2950 Feather River Blvd, Oroville, CA 95965
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    Similar Nearby for Lease

    • $2,700 /Mo

      Downtown Oroville Office Space Available

      Office space in historic downtown Oroville with off-street parking.
      1655 Montgomery St, Oroville, CA 95965
      View Details
    • Contact for pricing

      Versatile Commercial Unit For Lease

      Adaptable 500 SF unit suitable for various business types.
      600 Bird St, Oroville, CA 95965
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    • $1,700 /Mo

      Warehouse/Office Space For Rent

      1,700 sq. ft. warehouse/office space for flexible business operations.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • Contact for pricing

      Commercial Space in High-Visibility Area

      450 SF commercial space suitable for retail or office.
      1357 Feather River Blvd, Oroville, CA 95965
      View Details
    • $6,000 /Mo

      Versatile Commercial Space in Oroville

      6,000 sq ft office and warehouse space for lease.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
    • $1,500 /Mo

      Flexible Office/Retail Space Available

      Adaptable 1,500 sq ft space suitable for various businesses.
      1726 Montgomery St Suite, Oroville, CA 95965
      View Details
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    Oroville, CA 95965-9632
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    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
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