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    400 Park Ave Chico, CA 95928

    Sponsored
    For Sale
    $5,250,000

    Versatile Office & Warehouse Space

    Property size:
    36,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Chico, CA property offers 36,540 square feet of versatile space, ideal for a corporate campus or medical conversion. Located at 400 E Park Ave, this Class B office building, constructed in 1987, sits on a 4.41-acre lot and features a two-story structure with one unit. The property boasts a unique combination of office and warehouse space, including approximately 22,797 square feet of office space and 14,168 square feet of warehouse space. Office amenities are extensive and include reception, meeting rooms, executive offices, conference rooms, break rooms, an outdoor seating area, large restrooms, and locker rooms, along with a large open area suitable for cubicles. The warehouse area includes two loading docks and is adaptable for additional office space. Ample parking is available (130 stalls), with significant expansion potential. The property also includes approximately 42,000 square feet of yard space and two large backup generators. This unique combination of features, along with its convenient location near Highway 99, makes this a truly exceptional opportunity. The asking price is $5,250,000, with a price per square foot of $143.68. The property is currently vacant. APN: 005-500-031.

    Property Features for 400 Park Ave

    General Information

    Property type
    Medical offices
    Square Feet
    36,540 SF
    Class
    B
    Lot Size
    192,100 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $5,250,000 asking price for a 36,540 square foot office building.
    • Located at 400 E Park Ave, Chico, CA 95928.
    • Class B, vacant, single‑unit building with one story over a two‑story structure, built in 1987, on a 4.41‑acre lot.
    • Features 22,797 SF of office space, 14,168 SF of warehouse space, 130 parking stalls, and approximately 42,000 SF of yard space.
    • Includes two loading docks, two large backup generators, and ample space for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Mailing Service Enterprise-Record Newspaper Publisher Paradise Post Newspaper Publisher NorCal Design Center Newspaper Distribution Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.80625966445
    Latitude
    39.714841658094

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    FAQs

    What type of property is this?
    Medical office - Versatile Office & Warehouse Space
    Where is this medical office located?
    The property is located at 400 Park Ave Chico, CA.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: $5,250,000 asking price for a 36,540 square foot office building.; Located at 400 E Park Ave, Chico, CA 95928.; Class B, vacant, single-unit building with one story over a two-story structure, built in 1987, on a 4.41-acre lot.
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    400 Park Ave Chico, CA 95928
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    Chico, CA 95928
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    Realmo Value Estimation

    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.

    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.

    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
    400 Park Ave Chico, CA 95928
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