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Property profile & analytics
OFF-MARKET Estimated value $695,000
Warehouses

15 Pepsi Way Durham, CA 95938-9798

15,600 SF 3.06 ac lot Built 1990
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US09-2725185
Property summary
AI-generated overview

This exceptional 293,158 square foot industrial property, situated on a 6.73-acre lot in Durham, CA (APN: 040-490-024-000), presents a lucrative investment opportunity. Currently zoned GI, it offers diverse usage potential, including manufacturing, warehousing, and RV/boat storage. The property boasts a prime location on Highway 99, just 5.5 miles from Chico (population 120,000) and 10 minutes from Lake Oroville. Its proximity to Butte College (12,669 students) and its location on the same exit as the college further enhance its appeal. The asking price is $1,382,000 ($4.71/sq ft). Comprehensive due diligence materials are available for qualified buyers, including an ALTA survey, Phase 1 environmental report, zoning compliance report, NHD disclosure, and design proposals from Baja and Kiwi II Construction. The seller is open to financing options, including a potential partnership. The high demand for covered RV and boat storage within a 20-mile radius (population approximately 200,000 encompassing Chico, Oroville, and Paradise) makes this a compelling investment with significant upside potential. The property includes gated and covered boat/RV storage and is suitable for warehousing and equipment sales and service.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1990
Total area 15,600 SF
Lot 3.06 ac (133,293 SF)
APN 040-490-023-000
UPID US09-2725185
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
  • Sunworks Solar Power - Durham Electrical Service
  • Rapid Rack Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
$930k
Blend (final) Blend
$695k
Owner & transaction history
Land Developers INC · 2 yrs held
Land Developers INC
since 2024
Last sale
$725,000
6 recorded transactions
2024
Price N/A
2024
$205,000
2021
$98,000
2020
Price N/A
2017
$193,500
2014
$725,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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