Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1367 Lassen Ave Chico, CA 95973

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prestigious Chico Office Park, 16,522 SF

    Property size:
    16,522 SF

    Property Features for 1367 Lassen Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,522 SF
    Lot Size
    95,832 SF

    Building Details

    Year Built
    1991
    Stories
    1

    We can help!

    Listing Contact
    Mike Donnelly
    Mike Donnelly

    Listing Agency: Coldwell Banker C&C Properties Listing Agent: Mike Donnelly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 16,522-square-foot executive office complex is situated on a 2.2-acre lot in Chico, California's esteemed Executive Park. Built in 1991, this single-story building comprises five office units within two buildings, offering a beautiful campus-like setting. The property is partially leased, presenting a compelling opportunity for owner-users seeking a prime location or investors aiming for potential upside. Located at 1367 E Lassen Ave, Chico, CA 95973 (APN: 015020004000), the property boasts a desirable location surrounded by well-maintained professional properties and quality businesses, ensuring a safe and stable investment. The asking price is $2,750,000, translating to $166.44 per square foot. This property offers an excellent environment for conducting business and represents a strong investment prospect. The property is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thomas Smith & Co Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8408944
    Latitude
    39.7726934

    Nearby Similar for Sale

    • $335,000
      2,799 SF

      Professional Office Building in Chico

      Well-maintained office building suitable for owner-users or investors.
      19 Williamsburg Ln, Chico, CA 95926
      View Details
    • $350,000
      11,170 SF

      Motorsports Business Opportunity in Chico

      Established motorsports business with high visibility location and functional layout.
      1538 Park Ave, Chico, CA 95928
      View Details
    • $260,000
      900 SF

      Chico Commercial Property For Sale

      Well-kept commercial property with remodeled interior and high visibility.
      1330 Mangrove Ave, Chico, CA 95926
      View Details
    • $450,000
      1,089,000.00 Acres

      25 Acre Orchard Near Chico

      25 acre almond orchard near Chico, CA, with agricultural lease.
      1419 Crouch Ave, Chico, CA 95928
      View Details
    • $899,000
      2,755 SF

      Chico Investment Opportunity with Airbnb Potential

      Two homes on a corner lot, currently successful Airbnbs.
      1050 Esplanade, Chico, CA 95926
      View Details
    • $489,000
      1,600 SF

      Income Property Near Chico State

      Multi-unit property near downtown, Chico State, and local amenities.
      1326 Mulberry St, Chico, CA 95928
      View Details
    • New
      $1,650,000
      9,338 SF

      Chico Townhouses with Private Yards

      Well-maintained townhouses near Chico State and amenities.
      1288 W Sacramento Ave, Chico, CA 95926
      View Details
    • $995,000
      16,722 SF

      Versatile Chico Commercial Facility

      15,000 sq ft church with duplex on 2.3 acres.
      355 Panama Ave, Chico, CA 95973
      View Details
    • $1,200,000
      11,170 SF

      Commercial Property on Park Avenue

      Highly visible commercial property suitable for retail, service, and warehouse uses.
      1538 Park Ave, Chico, CA 95928
      View Details
    • $575,000
      2,157 SF

      Updated Duplex in Desirable Neighborhood

      Updated duplex perfect for investors or owner-occupants in Chico.
      465 Waterford Dr, Chico, CA 95973
      View Details
    • $675,000
      4,293 SF

      Downtown Chico 7-Unit Property

      Income-producing 7-unit property in the heart of downtown Chico.
      541 W 5Th St, Chico, CA 95928
      View Details
    • $2,950,000
      20,000 SF

      Safari Inn Hospitality Investment

      51-room hotel with manager's quarters in Chico, California.
      2352 Esplanade, Chico, CA 95926
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Chico Office Park, 16,522 SF
    Where is this office property / space located?
    The property is located at 1367 Lassen Ave Chico, CA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: $2,750,000 asking price for a 16,522 SF office building.; Located at 1367 E Lassen Ave, Chico, CA 95973.; Executive office property type, single-story building on a 2.2-acre lot.
    (530) 828-0011 Call to check price and availability
    Request Owner's contact information
    1367 Lassen Ave Chico, CA 95973
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1367 Lassen Ave
    Chico, CA 95973
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1367 Lassen Ave Chico, CA 95973
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Donnelly
    Mike Donnelly
    (530) 828-0011
    Learn more
    Google sign-in failed. Please try again or use another login method.