Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    247 Meyers St Chico, CA 95928-7107

    • Manufacturing properties
    • 3,750 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2022
    $725,000
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    3.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-0266427
    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

    • Manufacturing properties

    Property Details for 247 Meyers St

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    0.40 lot acres
    Property size
    3,750 SF
    Property type
    Manufacturing properties
    APN
    039-510-011-000
    APU
    39510011000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $730,000
      ML approach
      $695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $885,000
      Market price range: $124k - $1.13M
      AI Estimate
      $553,000
      Market price range: $102k - $647k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $575,000
      Current use
      COMMERCIAL (GENERAL)
      $1,050,000
      Change: +83% Conversion: Difficult
      OFFICE BUILDING
      $670,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $505,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.819
    Latitude
    39.7129
    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
    $8,765
    $130,050
    $662,195
    $792,245
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,450,000
      49,352 SF

      435 Otterson Dr

      MANUFACTURING (LIGHT) • 49,352 SF
      435 Otterson Dr, Chico, CA 95928-8207
      View Details
    • Value Estimation by Request
      720 SF

      2155 Park Ave

      MANUFACTURING (LIGHT) • 720 SF
      2155 Park Ave, Chico, CA 95928-6702
      View Details
    • Value Estimation by Request
      2,904 SF

      1023 8th St

      MANUFACTURING (LIGHT) • 2,904 SF
      1023 8th St, Chico, CA 95928-5028
      View Details
    • Value Estimation
      $920,000
      16,000 SF

      3075 Southgate Ln

      MANUFACTURING (LIGHT) • 16,000 SF
      3075 Southgate Ln, Chico, CA 95928-7427
      View Details
    • Value Estimation
      $710,000
      20,230 SF

      46 Loren Ave

      MANUFACTURING (LIGHT) • 20,230 SF
      46 Loren Ave, Chico, CA 95928-7433
      View Details
    • Value Estimation
      $570,000
      12.83 Acres

      Chico, CA 95928

      MANUFACTURING (LIGHT) • 12.83 Acres
      Chico, CA 95928
      View Details

    Similar Nearby for Sale

    • $5,900,000

      Spacious Industrial Property with Seven Units

      Large industrial building with multiple units, ideal for various operations.
      2812 Hegan Ln, Chico, CA 95928
      View Details
    • Contact for pricing

      Chico Warehouse - Flex Space Available

      Prime Chico location, 7,753+ sq ft warehouse.
      175 20Th St, Chico, CA 95928
      View Details
    • $1,495,596

      Industrial Facility with Paint Facility

      Industrial/manufacturing facility with multiple buildings and paint facility.
      2244 Ivy St, Chico, CA 95928
      View Details
    • Contact for pricing

      Chico Warehouse: Prime Location

      Versatile 10,000 sq ft warehouse, ideal for various businesses.
      206 Meyers St, Chico, CA 95928
      View Details
    • $1,926,000
      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
      View Details
    • Contact for pricing
      2,469 SF

      Chico Industrial Warehouse - Great Location

      Spacious warehouse with offices & mezzanine.
      2515 Way Unit 6, Chico, CA 95928
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo

      Renovated Office and Shop Space

      Newly renovated office and shop space with modern amenities.
      129 Meyers St, 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
    • $3,200 /Mo

      Warehouse with Fenced Yard Space

      Warehouse for rent with a large, fenced yard.
      89 Loren Ave, Chico, CA 95928
      View Details
    • $1,920 /Mo

      Functional Warehouse Space For Rent

      Warehouse space with easy access and ample parking.
      2145 Park Ave, Chico, CA 95928
      View Details
    • $2,100 /Mo

      Warehouse with Office For Rent

      4500 sqft warehouse with office in high-traffic area.
      744 Orange St, Chico, CA 95928
      View Details
    • $1,275 /Mo
      1,500 SF

      Warehouse Unit in South Chico

      1500 sq ft warehouse with office space and loading dock.
      2704 Hegan Ln, Chico, CA 95928
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    247 Meyers St
    Chico, CA 95928-7107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.