Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1554 Ca-99 Gridley, CA 95948
    Back to Search
    Property profile & analytics

    1554 Ca-99 Gridley, CA 95948

    View on Map
    • Lifestyle centers
    • 94,542 SF
    • 1.34 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1554 Ca-99

    Lot size
    1.34 lot acres
    Property size
    94,542 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Heritage Oaks Shopping Center, a 94,542 square foot grocery-anchored retail center in Gridley, CA, presents a compelling investment opportunity. Strategically located on State Route 99, between Yuba City and Chico, this center boasts a strong tenant mix including Safeway, O'Reilly Auto Parts, Grocery Outlet, and Dollar Tree, along with Anytime Fitness and Huckleberry's. The property offers multiple tenancy options with a minimum divisible space of 900 square feet and a maximum contiguous space of 6,450 square feet. Currently, 18,201 square feet of space is vacant. A significant advantage is the availability of a ±1.34-acre pad site, ideally suited for redevelopment into a gas station or quick-service restaurant (QSR). This pad enjoys high visibility at a signalized intersection of Highway 99 and E. Gridley Road, benefiting from an average traffic count of 24,979 vehicles. The pad's size allows for a large-scale development, and the existing parking area can be reconfigured to optimize traffic flow. This exceptional location offers easy access and high visibility, making it an attractive proposition for businesses seeking a prominent presence on a major highway. The pad is available for sale, ground lease, or build-to-suit arrangements. The center is minutes from historic downtown Gridley.

    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
    -121.687
    Latitude
    39.3617

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      1675 Ca-99

      Automotive properties • 2,000 SF
      1675 Ca-99, Gridley, CA 95948
      View Details
    • Value Estimation by Request
      502.00 Acres

      1512 Cherokee Canal Rd

      Farms • 502.00 Acres
      1512 Cherokee Canal Rd, Gridley, CA 95948
      View Details
    • Value Estimation by Request
      203.54 Acres

      99 Of Hwy

      Land • 203.54 Acres
      99 Of Hwy, Gridley, CA 95948
      View Details
    • Value Estimation by Request
      1.56 Acres

      1293 State Hwy 99

      SERVICE STATION WITH FOOD MART • 1.56 Acres
      1293 State Hwy 99, Gridley, CA 95948-9761
      View Details
    • Value Estimation
      $910,000
      5,125 SF

      Gridley, CA 95948

      RETAIL STORES (PERSONAL SERVICES) • 5,125 SF
      Gridley, CA 95948
      View Details
    • Value Estimation
      $1,485,000
      22,948 SF

      1626 State Hwy 99

      RETAIL STORES (PERSONAL SERVICES) • 22,948 SF
      1626 State Hwy 99, Gridley, CA 95948-2611
      View Details

    Similar Nearby for Sale

    • $599,000
      2,545 SF

      Retail Property on State Highway

      Retail property with 2,545 square feet of space.
      484 State Highway 99, Gridley, CA 95948
      View Details
    • $1,500,000
      1,017,997.00 Acres

      23+ Acre Vacant Land

      23.37 acres of vacant land in Gridley, California.
      Randolph Ave, Gridley, CA 95948
      View Details
    • Contact for pricing

      Commercial Land on Highway 99

      1.23+/- acres of commercial land with Highway 99 frontage.
      State Highway 99, Gridley, CA 95948
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Retail Space in Gridley Center

      Grocery-anchored retail spaces available on State Route 99.
      1536-1596 State Highway 99, Gridley, CA 95948
      View Details
    • Contact for pricing

      Retail Pad on State Route 99

      Retail pad available for ground lease or build-to-suit.
      2 E Gridley Rd, Gridley, CA 95948
      View Details
    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.
    1554 Ca-99
    Gridley, CA 95948
    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
    1554 Ca-99, Gridley, CA, 95948
    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!