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    2654 Cramer Ln Chico, CA 95928

    Sponsored
    For Sale
    $1,682,000

    8.78 Acres, Leased Studio, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Chico, CA, encompassing 8.78 acres with a 4,200 sq ft leased broadcasting studio built in 1995. This property presents a unique dual-income stream: secure leaseback income from the existing studio situated on approximately two acres, and significant future development potential. The remaining 6.78 acres are zoned RS-20 Suburban Residential, allowing for subdivision into up to 14 large lots, each with a minimum 20,000 sq ft lot coverage. Located on Cramer Lane, across from the Mendocino National Forest Chico Orchard, this property offers a stunning country setting within Chico city limits. The asking price is $1,682,000. The studio and broadcast facilities are currently under lease, providing immediate and dependable income. This presents a rare chance to acquire a property with both established income and substantial future upside through residential lot development. The property's location and zoning regulations offer a compelling opportunity for long-term growth and appreciation. Please note: Do not disturb the tenant. The property address is 2654 Cramer Lane, Chico, CA 95928.

    Property Features for 2654 Cramer Ln

    General Information

    Property type
    Distribution properties

    HighLights

    • $1,682,000 asking price.
    • 8.78‑acre industrial land parcel with a 4,200 sq. ft. office/studio building in Chico, CA.
    • Building built in 1995; seller will lease back approximately two acres, providing consistent income.
    • RS‑20 Suburban Residential zoning allows for potential subdivision into up to 14 large lots.
    • Located on Cramer Lane, across from Mendocino National Forest Chico Orchard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deer Creek Broadcasting ... Television Station Kpay Radio Broadcaster Mix 95.1 Contest ... Radio Broadcaster Hot Country 103 ... Radio Broadcaster ESPN Radio Broadcaster

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Hair Salon Wholesale Shop Auto Repair Shop 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
    -121.788914
    Latitude
    39.710364

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    FAQs

    What type of property is this?
    Distribution property - 8.78 Acres, Leased Studio, Development Potential
    Where is this distribution property located?
    The property is located at 2654 Cramer Ln Chico, CA.
    What is the asking price?
    The asking price for this property is $1,682,000.
    What are key features of this property?
    This property features: $1,682,000 asking price.; 8.78-acre industrial land parcel with a 4,200 sq. ft. office/studio building in Chico, CA.; Building built in 1995; seller will lease back approximately two acres, providing consistent income.
    Request Owner's contact information
    2654 Cramer Ln 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
    2654 Cramer Ln Chico, CA 95928
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