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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2288 Park Ave Chico, CA 95928-6705

    • Warehouses
    • 5,400 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Dec 14, 2020
    $990,000
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    2.9%
    Warehouses
    Location Intelligence
    Property ID
    US09-3238286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Accurate Plumbing / Plumbing Service / General Contractor
    • CAPO Building Specialties / Hardware & Home Improvement
    • Capo Fireside showroom/A-1 Stoves & Fireplaces / General Contractor / Renovation Specialist
    • Zeppelin Works / Auto Repair Shop

    Property Details for 2288 Park Ave

    Year built
    1993
    Construction
    STEEL FRAME
    Lot size
    0.95 lot acres
    Property size
    5,400 SF
    Zone code
    M2
    Property type
    Warehouses
    APN
    039-430-063-000
    APU
    39430063000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,305,000
      ML approach
      $980,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $630,000
      6.5%
      $580,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $859,000
      Market price range: $264k - $860k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,515,000
      APARTMENT HOUSE (5+ UNITS)
      $1,160,000
      OFFICE BUILDING
      $960,000
      INDUSTRIAL (GENERAL)
      $830,000
      RETAIL STORES
      $725,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.821
    Latitude
    39.7146
    CBSA code
    17020
    CBSA name
    CHICO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,622
    $344,892
    $705,703
    $1,050,595
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,560 SF

      820 7th St

      WAREHOUSE, STORAGE • 2,560 SF
      820 7th St, Chico, CA 95928-5011
      View Details
    • Value Estimation
      $1,295,000
      21,915 SF

      3861 Benatar Way

      WAREHOUSE, STORAGE • 21,915 SF
      3861 Benatar Way, Chico, CA 95928-7112
      View Details
    • Value Estimation by Request
      7,200 SF

      765 Entler Ave

      WAREHOUSE, STORAGE • 7,200 SF
      765 Entler Ave, Chico, CA 95928-7410
      View Details
    • Value Estimation by Request
      5,120 SF

      810 6th St

      WAREHOUSE, STORAGE • 5,120 SF
      810 6th St, Chico, CA 95928-5010
      View Details
    • Value Estimation
      $585,000
      8,640 SF

      1210 7th St

      WAREHOUSE, STORAGE • 8,640 SF
      1210 7th St, Chico, CA 95928-4906
      View Details
    • Value Estimation
      $2,220,000
      36,000 SF

      411 Otterson Dr Ste, Unit 100

      WAREHOUSE, STORAGE • 36,000 SF
      411 Otterson Dr Ste, Chico, CA 95928-8241
      View Details

    Similar Nearby for Sale

    • $1,200,000
      11,170 SF

      Commercial Property on Park Avenue

      Highly visible commercial property suitable for retail, service, and warehouse uses.
      1538 Park Ave, Chico, CA 95928
      View Details
    • $5,900,000

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      Large industrial building with multiple units, ideal for various operations.
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      2,100 sq ft warehouse/industrial condo in South Chico.
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    • Contact for pricing
      21,448 SF

      Chico Warehouse with Office Space

      21,448 SF warehouse with office/retail space for sale.
      994 E 20Th St, Chico, CA 95928
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    • $1,682,000

      Chico Warehouse & Land Investment

      8.78 Acres, Leased Studio, Development Potential
      2654 Cramer Ln, Chico, CA 95928
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    • $1,495,596

      Industrial Facility with Paint Facility

      Industrial/manufacturing facility with multiple buildings and paint facility.
      2244 Ivy St, Chico, CA 95928
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    Similar Nearby for Lease

    • $4,050 /Mo

      Warehouse with Roll-Ups and Docks

      Spacious warehouse featuring roll-up doors and loading docks for rent.
      415 Otterson Dr, Chico, CA 95928
      View Details
    • $34,310

      Industrial Property with Office Space

      Secure industrial property featuring warehouse, office, and covered storage.
      100 Loren Ave, Chico, CA 95928
      View Details
    • New
      $1,315 /Mo
      1,500 SF

      Chico Warehouse Unit For Lease

      Warehouse unit with office space, roll-up door, and shared dock.
      2704 Hegan Ln, Chico, CA 95928
      View Details
    • $4,775 /Mo

      Downtown Chico Restaurant and Bar

      Remodeled restaurant and bar with warehouse and basement space.
      824 Oroville Ave, Chico, CA 95928
      View Details
    • $2,800 /Mo

      Versatile Office Warehouse Space

      Office and warehouse space near Chico Airport.
      275 Fairchild 105, Chico, CA 95928
      View Details
    • $8,500 /Mo
      11,170 SF

      Versatile Commercial Property on Park Avenue

      Highly visible commercial property suitable for retail, service, and warehouse uses.
      1538 Park Ave, Chico, CA 95928
      View Details
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    2288 Park Ave
    Chico, CA 95928-6705
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    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
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