Property profile

2041 Dr Ml King Jr Pkwy Chico, CA 95928

OFF-MARKET
Retail space
Property ID
US09-2597231
22,795 SF 1.56 ac lot Built 1994
Individually Owned 19-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Construction TILT-UP CONCRETE
Total area 22,795 SF
Lot 1.56 ac (67,953 SF)
APN 005-560-023-000
UPID US09-2597231

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2041 Dr Ml King Jr Pkwy Chico, CA 95928-6797
Chico metro Census 1300 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.18M
Blend (final) Blend
$2.75M

Owner & transaction history

since 2007
5 recorded transactions
2007
Price N/A
2007
$20.8M
2007
$2.2M
1997
Price N/A
1997
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $4.1M +32.5%
Industrial (general) $3.5M +14.2%

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
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