Property profile

500 East Ave Chico, CA 95926

OFF-MARKET
Office Spaces
7,726 SF 0.62 ac lot Built 1989
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This prominent Chico, CA office building, located at 500 W. East Avenue, is available for sale at $1,845,000. The 7,726 square foot, Class A building boasts a striking two-story glass exterior and a recently (2020) remodeled interior. Situated on a 0.62-acre lot (APN 042-450-089) in a prime location with easy access to Highways 99 and 32, this property benefits from its proximity to medical and professional offices, including the expanding Enloe Medical Center. The building features approximately 4,150 square feet of two-story office space, including waiting and reception areas, various sized offices, a conference room, break room, open workspace, storage, and a copy room. A significant advantage is the inclusion of approximately 3,000 square feet of climate-controlled warehouse space with a roll-up door, dedicated AC units, a gas heater, office space, storage rooms, mezzanine space, and sinks. Additional amenities include a second-floor patio, a private garage with an automatic door, and a fully owned 88-panel solar system. The property offers ample parking with 28 spaces and has been meticulously maintained. The permitted zoning is Office Mixed Use (OMU), allowing for flexibility and potential future expansion. This is a fee-simple ownership opportunity ideal for an owner/user seeking a versatile flex-space operation. The building is currently vacant.

Property profile

Verified
Property type Office Spaces
Year built 1989
Total area 7,726 SF
Lot 0.62 ac (27,007 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Professional Services

Location

500 East Ave Chico, CA 95926
Chico metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 500 East Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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