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    900 St Unit 200 Chico, CA 95973
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    900 St Unit 200 Chico, CA 95973

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    • Office properties & Spaces
    • 9,094 SF
    • 2.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 900 St Unit 200

    Year built
    1999
    Lot size
    2.13 lot acres
    Property size
    9,094 SF
    Property type
    Office properties & Spaces

    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
    -121.875
    Latitude
    39.7771

    Comparable in this City

    • Value Estimation by Request
      2,950 SF

      3051 Ceres Ave

      Office properties & Spaces • 2,950 SF
      3051 Ceres Ave, Chico, CA 95973
      View Details
    • Value Estimation by Request
      3.00 Acres

      1370 Lassen Ave

      OFFICE BUILDING • 3.00 Acres
      1370 Lassen Ave, Chico, CA 95973-6600
      View Details
    • Value Estimation
      $1,485,000
      8,000 SF

      1370 Ridgewood Dr

      OFFICE BUILDING • 8,000 SF
      1370 Ridgewood Dr, Chico, CA 95973-7803
      View Details
    • Value Estimation
      $970,000
      7,242 SF

      10 Constitution Dr

      OFFICE BUILDING • 7,242 SF
      10 Constitution Dr, Chico, CA 95973-4903
      View Details
    • Value Estimation by Request
      4,850 SF

      1398 Ridgewood Dr

      OFFICE BUILDING • 4,850 SF
      1398 Ridgewood Dr, Chico, CA 95973-7801
      View Details
    • Value Estimation by Request
      3,328 SF

      Shasta Ave

      OFFICE BUILDING • 3,328 SF
      Shasta Ave, Chico, CA 95973
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,070 SF

      Chico Office Suite - Prime Location

      Well-maintained office, high visibility, 1070 sq ft.
      2732 Rd Unit A, Chico, CA 95973
      View Details
    • $599,000
      5,745 SF

      Chico Office Building - Great ROI

      Fully occupied, high-return office investment.
      55 Declaration Dr, Chico, CA 95973
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    • $825,000
      3,000 SF

      Professional Office Building Investment Opportunity

      2008-built office building with long-term leases in place.
      2535 Ceanothus Ave, Chico, CA 95973
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,111 SF

      Corner Office Space with Windows

      Second-floor office with natural light, private offices, and amenities.
      60 Declaration Dr, Chico, CA 95973
      View Details
    • $2,370 /Mo
      3,000 SF

      Chico Flex Space For Lease

      Well-maintained flex space with updated office and warehouse areas.
      3388 State Highway 32, Chico, CA 95973
      View Details
    • Contact for pricing

      Office and Warehouse Flex Space

      Combined office and warehouse space available for rent.
      1065 Marauder St, Chico, CA 95973
      View Details
    • $4,975 /Mo
      6,815 SF

      Retail and Warehouse/Flex Space

      Retail and warehouse/flex space available for lease.
      3388 State Highway 32, Chico, CA 95973
      View Details
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    900 St Unit 200
    Chico, CA 95973
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    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
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