Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20Th St Chico, CA 95928
    Back to Search
    Property profile & analytics

    20Th St Chico, CA 95928

    View on Map
    • Retail properties & Spaces
    • 244,950 SF
    For Lease
    View Listing →
    Chico Crossroads Retail Center For Lease
    Contact for pricing

    Chico Crossroads Retail Center

    Prime Butte County retail space available

    0 20Th St, Chico, CA 95928
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 20Th St

    Property size
    244,950 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Chico Crossroads, located at Dr. Martin Luther King Jr. Pkwy. & E. 20th St in Chico, CA 95928, offers 244,950 square feet of retail and restaurant space in a vibrant power center. This single-level center boasts high visibility, situated directly across from Costco on Highway 99, benefiting from significant traffic flow. The property features a total of 5 suites, with 55,350 square feet currently vacant, offering flexible space options ranging from a minimum of 1,200 square feet to a maximum contiguous space of 38,250 square feet. The center is ideally suited for a variety of retail and restaurant uses, complementing existing tenants such as Barnes & Noble, Food Maxx, Evans Furniture, and Cost Plus World Market. Chico Crossroads serves as a regional commercial hub for Butte and Yuba Counties, drawing customers from surrounding towns including Paradise, Oroville, and Red Bluff. Ample parking is provided with 917 spaces available for customers and employees. This exceptional location and flexible space options present a compelling opportunity for businesses seeking to establish or expand their presence in a thriving market. The property is located in Butte County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.809
    Latitude
    39.7233

    Comparable in this City

    • Value Estimation by Request
      6,085 SF

      1990 20Th St

      Restaurants • 6,085 SF
      1990 20Th St, Chico, CA 95928
      View Details
    • Value Estimation by Request
      5,868 SF

      2030 Business Ln

      Restaurants • 5,868 SF
      2030 Business Ln, Chico, CA 95928
      View Details
    • Value Estimation by Request
      10,000 SF

      206 Meyers St

      Distribution properties • 10,000 SF
      206 Meyers St, Chico, CA 95928
      View Details
    • Value Estimation by Request
      3,120 SF

      177 3Rd St

      Retail properties & Spaces • 3,120 SF
      177 3Rd St, Chico, CA 95928
      View Details
    • Value Estimation by Request
      3,120 SF

      167-177 3Rd St

      Retail properties & Spaces • 3,120 SF
      167-177 3Rd St, Chico, CA 95928
      View Details
    • Value Estimation by Request

      131 1St St

      Office Units
      131 1St St, Chico, CA 95928
      View Details

    Similar Nearby for Sale

    • $1,950,000
      9,768 SF

      Historic El Rey Theater For Sale

      Historic Chico theater and retail spaces for sale.
      230 W 2Nd St, Chico, CA 95928
      View Details
    • $3,347,000
      6,085 SF

      Black Bear Diner NNN Investment

      NNN leased Black Bear Diner with 15+ years remaining.
      1990 E 20Th St, Chico, CA 95928
      View Details
    • $3,300,000
      8,356 SF

      Freestanding Restaurant Near Highway 99

      Freestanding restaurant with highway visibility near Chico Marketplace.
      2010 Business Ln, Chico, CA 95928
      View Details
    • $3,300,000
      8,356 SF

      Highway 99 Visible Restaurant

      Restaurant property for sale with high visibility on Highway 99.
      2010 Business Ln, Chico, CA 95928
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      244,950 SF

      Chico Crossroads Retail Center

      Prime Butte County retail space available
      0 20Th St, Chico, CA 95928
      View Details
    • Contact for pricing
      1,789 SF

      Restaurant Space in Park Village

      Move-in ready restaurant space in a busy retail center.
      1414 Park Ave, Chico, CA 95928
      View Details
    • $24 SF/Yr
      8,160 SF

      Skyway Marketplace Retail Center

      Chico, CA Retail Space Available
      2500 Zanella Way, Chico, CA 95928
      View Details
    • $4,775 /Mo

      Remodeled Restaurant and Bar Space

      Remodeled restaurant and bar with warehouse in Downtown Chico.
      824 Oroville Ave, Chico, CA 95928
      View Details
    • $6,584 /Mo

      Renovated Restaurant Space on Main

      Fully renovated restaurant space with modern industrial design.
      330 Main St, Chico, CA 95928
      View Details
    View Listing
    Request Owner's contact information
    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.
    20Th St
    Chico, CA 95928
    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
    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

    Thank You for Inquiry
    20Th St, Chico, CA, 95928
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!