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    1395 Ridgewood Dr Chico, CA 95973

    Sponsored
    For Sale
    $4,995,000

    Prime Chico location, high-yield investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Chico, CA investment opportunity presents a Class A, multi-tenant industrial property located at 1395 Ridgewood Drive, 95973. Currently housing the Cal Northern School of Law, the United States Internal Revenue Service, and a law firm, this property offers significant lease income. The 4,995,000 asking price reflects the strong tenant base and potential for further income generation. The existing building boasts a beautiful entrance, spacious hallways, large high-tech classrooms, and an elegant design, including a large covered outdoor meeting space. All office units are well-appointed and occupied by established, reliable tenants. The property is situated in a desirable commercial area, surrounded by other well-maintained properties and businesses, ensuring a safe and secure investment. The property's design allows for the addition of two more tenants, presenting a clear path to increased rental income and a strong return on investment. This is a rare opportunity to acquire a high-quality, income-producing asset in a prime Northern California location. The property is zoned for industrial, warehouse, and commercial use. Detailed financial information is available upon request.

    Property Features for 1395 Ridgewood Dr

    General Information

    Property type
    Manufacturing properties

    HighLights

    • $4,995,000 asking price.
    • Industrial property with land in Chico, CA, at 1395 Ridgewood Drive, 95973.
    • Warehouse, manufacturing, and commercial subtypes.
    • Currently leased to Cal Northern School of Law, IRS, and a law firm; potential for two additional tenants.
    • Class A facility with high‑quality finishes and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Labor Law Office, ... Attorney Cal Northern School ... College HBW Advisory Services Financial Planner Law Offices of Spencer ... Family Law Attorney Internal Revenue Service ... Tax Department

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8392278
    Latitude
    39.7744879

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    FAQs

    What type of property is this?
    Manufacturing property - Prime Chico location, high-yield investment.
    Where is this manufacturing property located?
    The property is located at 1395 Ridgewood Dr Chico, CA.
    What is the asking price?
    The asking price for this property is $4,995,000.
    What are key features of this property?
    This property features: $4,995,000 asking price.; Industrial property with land in Chico, CA, at 1395 Ridgewood Drive, 95973.; Warehouse, manufacturing, and commercial subtypes.
    Request Owner's contact information
    1395 Ridgewood Dr Chico, CA 95973
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    Chico, CA 95973
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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
    1395 Ridgewood Dr Chico, CA 95973
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