Property profile

631 East Ave Chico, CA 95926

OFF-MARKET
Office Spaces
1,728 SF Built 1999
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Property summary

AI-generated overview

This 1728-square-foot Class B office condominium building, built in 1999, is located at 631 W East Avenue in Chico, CA (APN 042700045000). Situated on a 1,307-square-foot lot, this single-story building offers a fantastic opportunity for owner-users or investors. Currently vacant, the property features a shared entryway, a private waiting room, a reception area, four offices, a conference room (or two additional offices/exam rooms), two private restrooms, and a lab or office workspace. Its adaptable layout makes it suitable for various uses, including medical or traditional office settings. The building benefits from its location in a well-maintained planned office association (POA) plaza, surrounded by medical facilities and numerous residential units. Its proximity to Enloe Hospital's planned expansion and the Highway 99/East Avenue and Esplanade intersection provides excellent visibility and accessibility. Ample shared parking is available, and the corner location at a signalized intersection on a major Chico thoroughfare ensures convenient access to most areas within a 15-minute radius. The asking price is $399,000, translating to $230.90 per square foot. This property presents a rare opportunity to acquire a well-positioned, versatile office space in a thriving Chico neighborhood.

Property profile

Verified
Property type Office Spaces
Year built 1999
Total area 1,728 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
  • Law Firm

Location

631 East Ave Chico, CA 95926
Chico metro
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Value estimations

Realmo proprietary · 4 methods
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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
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