Property profile

1395 Ridgewood Dr Chico, CA 95973

OFF-MARKET
Office buildings
Property ID
US09-3054390
20,312 SF 2.27 ac lot Built 1997
Individually Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3,716-square-foot executive office suite is located at 1395 Ridgewood Drive #400 in Chico, California, within Butte County (zip code 95973). Situated on a 2.27-acre lot, this single-story, 1997-built building offers a unique opportunity for a variety of commercial or educational uses. Currently configured as a law library, the space is ready for immediate occupancy and can be easily adapted to suit diverse needs, including general office space, meeting areas, or tech-focused environments. The property boasts a highly professional tenant mix, including the California Northern School of Law, the Internal Revenue Service, and established law offices. The lease is a Net Lease (NNN), meaning the tenant will be responsible for a proportionate share of operating expenses in addition to base rent. This prestigious location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a sophisticated and functional workspace. The property is currently vacant and ready for immediate occupancy. The building's single-tenant configuration provides privacy and control. This is a rare opportunity to secure a substantial and well-located office space in a desirable Chico neighborhood.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Construction WOOD
Total area 20,312 SF
Lot 2.27 ac (98,881 SF)
APN 015-020-037-000
UPID US09-3054390

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
  • College Law School
  • Financial Advisor
  • Law Firm Child Welfare Organization
  • Tax Department Federal Government Office

Location

1395 Ridgewood Dr Chico, CA 95973-7872
Chico metro Census 104 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.53M
Comparable Approach Comparable
$2.52M
Blend (final) Blend
$2.58M

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $4.0M +27.3%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1395 Ridgewood Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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