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Property profile & analytics
FOR SALE
Office buildings

2500 Zanella Way Chico, CA 95928

8,160 SF 1.11 ac lot Built 1985
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-3068750
Property summary
AI-generated overview

Skyway Marketplace, located at 2500 Zanella Way in Chico, CA, offers 8,160 square feet of retail space in a single, one-story building. This property, built in 1985 and extensively renovated in 2023, features five suites, with a minimum divisible space of 960 square feet and a maximum contiguous space of 8,160 square feet. Currently, all 8,160 square feet are vacant, presenting a unique opportunity for a single tenant or multiple users. The center boasts excellent visibility and high traffic counts, averaging nearly 25,000 cars daily, due to its strategic location directly across from Skypark Plaza, a major retail center. Ample parking is available, including employee parking in the rear with convenient rear access for deliveries. The property sits on 1.11 acres of land and has a building floor area ratio (FAR) of 16.88. The zoning is CS, and the APN is 002-200-038. The property offers prominent streetfront signage, including large pole signage and façade signage. Its proximity to Highway 99 (less than a quarter-mile west) and numerous major retailers, including Home Depot, Lowe's, Walmart, and others, further enhances its desirability. This location offers lower rents than competing centers while providing superior visibility and convenient parking. Total parking spaces number 40. Butte County is the location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction WOOD FRAME
Total area 8,160 SF
Lot 1.11 ac (48,351 SF)
Zoning code M1
APN 002-200-038-000
UPID US09-3068750
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Xinlongda Spa Alternative Medicine Practice Spa & Massage Center
  • BareBones WorkWear Clothing Store
  • Batteries Plus Auto Parts Store
  • We Fix It Phone Repair Computer & Electronic Repair Tech Support Center
  • Swenson K Stephen Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
$1.42M
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$1.36M
Owner & transaction history
Blue Horseshoe Management Group LLC · 3 yrs held
Blue Horseshoe Management Group LLC
since 2022
Last sale
$1.4M
3 recorded transactions
2022
$1.4M
1994
$600,000
1989
Price N/A
Zoning & alternative use
M1 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.8M +20.6%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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