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Property profile & analytics
FOR LEASE
Office buildings

E Lassen Ave Chico, CA 95973

8,261 SF 2.2 ac lot Built 1991
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-2636941
Property summary
AI-generated overview

This exceptional 16,522 square foot commercial property, situated on a 2.2-acre lot in Chico, California's prestigious Executive Park, presents a compelling investment or owner-user opportunity. The property comprises two buildings featuring a total of five office units. Its location within a well-maintained business park, surrounded by high-quality businesses, ensures a stable and desirable environment. The property is partially leased, offering immediate income potential for investors and significant upside for future growth. The address is 1367 Lassen Avenue, Chico, CA 95973. This campus-like setting provides a professional and attractive image for any business. The asking price is $2,750,000. This is an ideal location for businesses seeking a high-quality, established business park setting, offering both immediate occupancy and long-term investment potential. The property's size and layout offer flexibility for a variety of commercial uses. Its location in Butte County, California, provides access to a strong local economy and a skilled workforce. The property is classified as industrial and land, with warehouse and commercial subtypes. Consider this exceptional opportunity to acquire a prime commercial property in a highly sought-after location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1991
Construction WOOD
Total area 8,261 SF
Lot 2.2 ac (95,832 SF)
Zoning code OR
APN 015-020-004-000
UPID US09-2636941
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Thomas Smith & Co Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.44M
Comparable Approach Comparable
$1.83M
Blend (final) Blend
$1.54M
Owner & transaction history
Nichols Executive Park II LLC · 4 yrs held
Nichols Executive Park II LLC
since 2021
6 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2021
Price N/A
1990
$234,000
1980
Price N/A
Zoning & alternative use
OR · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.3M +81.0%
Apartment house (5+ units) $1.6M +27.3%
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