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    578 Rio Lindo Ave Chico, CA 95926

    Sponsored
    For Sale
    $960,000

    Five-unit office building, great investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial property, located at 578 Rio Lindo Avenue in Chico, California, 95926, presents a compelling investment opportunity. The building, classified as industrial, warehouse, manufacturing, and commercial, is strategically situated in the heart of Chico's bustling Rio Lindo Avenue commercial district. The property consists of five office units, four of which are currently leased, providing immediate cash flow. One unit is currently vacant, offering potential for increased rental income or owner-occupancy. This presents a unique opportunity for both investors seeking a stable return and owner-users looking to establish a presence in a high-traffic area. The asking price for this property is $960,000. The neighboring property at 572 Rio Lindo Avenue is also available for purchase. This prime location offers excellent visibility and accessibility, making it an ideal choice for a variety of businesses. Please note that tenants should not be disturbed. This property is categorized as industrial land and offers significant upside potential for the astute investor.

    Property Features for 578 Rio Lindo Ave

    General Information

    Property type
    Manufacturing properties

    HighLights

    • $960,000 asking price.
    • Industrial property with land in Chico, CA.
    • Warehouse, manufacturing, and commercial uses.
    • Located at 578 Rio Lindo Avenue, Chico, CA 95926.
    • Five‑unit office building; four units leased, one vacant.
    • Suitable for owner‑users or investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rehabilitation Medicine Assocs Sports Medicine Physician Robert M. Victor, ... Podiatrist Jaclin Brugnano Marriage Or Relationship Counselor North Valley Housing ... Association / Organization Mark Dollinger Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8480721
    Latitude
    39.7549906

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    FAQs

    What type of property is this?
    Manufacturing property - Five-unit office building, great investment.
    Where is this manufacturing property located?
    The property is located at 578 Rio Lindo Ave Chico, CA.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: $960,000 asking price.; Industrial property with land in Chico, CA.; Warehouse, manufacturing, and commercial uses.
    Request Owner's contact information
    578 Rio Lindo Ave Chico, CA 95926
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    Chico, CA 95926
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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
    578 Rio Lindo Ave Chico, CA 95926
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