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    654 St Gridley, CA 95948
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    654 St Gridley, CA 95948

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    • Office Spaces
    • 1,500 SF
    • 0.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 654 St

    Year built
    1930
    Lot size
    0.15 lot acres
    Property size
    1,500 SF
    Property type
    Office Spaces

    Description

    This exceptional 1,500 square foot office suite in Gridley, California, presents a fantastic opportunity for businesses seeking a functional and well-designed workspace. Situated on a 0.15-acre lot, the property boasts a thoughtfully planned interior layout perfect for a variety of professional uses. The suite features three private offices, providing individual workspaces for enhanced privacy and productivity. A dedicated IT/storage closet ensures efficient organization and secure storage of equipment and files. Two private restrooms add to the convenience and comfort of the space. A significant highlight is the large open work area, offering ample room for multiple workstations, collaborative projects, or extensive file storage. The inclusion of a sink in the work area allows for the easy creation of a convenient coffee bar or kitchenette, enhancing the overall functionality and employee experience. The property's location in Gridley offers easy access to local amenities and transportation routes, making it an attractive option for businesses seeking a strategic location. The asking price of $1100 makes this an exceptional value for a property of this caliber and functionality. This is a rare opportunity to secure a well-appointed office space in a desirable location. Don't miss out on this chance to establish your business in a productive and comfortable environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gridley
    County
    Butte
    State
    California
    Longitude
    -121.696
    Latitude
    39.3581

    Comparable in this City

    • Value Estimation
      $1,485,000
      6,951 SF

      520 Kentucky St

      OFFICE BUILDING • 6,951 SF
      520 Kentucky St, Gridley, CA 95948-2116
      View Details
    • Value Estimation
      $750,000
      14,215 SF

      621 Kentucky St

      OFFICE BUILDING • 14,215 SF
      621 Kentucky St, Gridley, CA 95948-2117
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    • Value Estimation
      $1,425,000
      6,699 SF

      225 Spruce St

      OFFICE BUILDING • 6,699 SF
      225 Spruce St, Gridley, CA 95948-2215
      View Details
    • Value Estimation by Request
      1,170 SF

      1080 Sycamore St

      OFFICE BUILDING • 1,170 SF
      1080 Sycamore St, Gridley, CA 95948-3041
      View Details
    • Value Estimation
      $560,000
      5,030 SF

      2 Gridley Rd

      OFFICE BUILDING • 5,030 SF
      2 Gridley Rd, Gridley, CA 95948-2624
      View Details
    • Value Estimation by Request
      2,550 SF

      837 Hazel St

      OFFICE BUILDING • 2,550 SF
      837 Hazel St, Gridley, CA 95948-2111
      View Details

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    • $599,000
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    Similar Nearby for Lease

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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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