Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2515 Zanella Way Chico, CA 95928-7158

    • Gas stations
    • 17,848 SF
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2021
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1657749
    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

    • Nostalgic Auto Group, LLC / Motor Vehicle Dealer
    • igreen / Hvac Contractor
    • Hayden Fire Protection / Fire Protection Service / Fire Protection Equipment Supplier

    Property Details for 2515 Zanella Way

    Year built
    1980
    Construction
    TILT-UP CONCRETE
    Lot size
    0.92 lot acres
    Property size
    17,848 SF
    Zone code
    M1
    Property type
    Gas stations
    APN
    002-200-009-000
    APU
    2200009000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.792
    Latitude
    39.7142
    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
    $9,944
    $123,741
    $767,373
    $891,114
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $325,000
      1.25 Acres

      981 16th St

      SERVICE STATION WITH FOOD MART • 1.25 Acres
      981 16th St, Chico, CA 95928-6205
      View Details
    • Value Estimation
      $295,000
      1,120 SF

      815 Dayton Rd

      SERVICE STATION WITH FOOD MART • 1,120 SF
      815 Dayton Rd, Chico, CA 95928-6497
      View Details
    • Value Estimation
      $435,000
      1,882 SF

      2300 Dr Ml King Jr Pkwy

      SERVICE STATION WITH FOOD MART • 1,882 SF
      2300 Dr Ml King Jr Pkwy, Chico, CA 95928-4424
      View Details
    • Value Estimation
      $455,000
      4,861 SF

      2470 Frst Ave

      SERVICE STATION WITH FOOD MART • 4,861 SF
      2470 Frst Ave, Chico, CA 95928-7681
      View Details
    • Value Estimation
      $770,000
      51,600 SF

      1909 Dr Ml King Jr Pkwy

      SERVICE STATION WITH FOOD MART • 51,600 SF
      1909 Dr Ml King Jr Pkwy, Chico, CA 95928-6200
      View Details
    • Value Estimation
      $840,000
      3,900 SF

      620 Hickory St

      SERVICE STATION WITH FOOD MART • 3,900 SF
      620 Hickory St, Chico, CA 95928-4812
      View Details

    Similar Nearby for Sale

    • $1,987,000
      54,014 SF

      Chico Marketplace Parcel C

      Prime Retail Land, Chico, CA
      1950 20Th St, Chico, CA 95928
      View Details
    • $375,000
      2,812 SF

      Chico Retail Investment Opportunity

      Two buildings, high visibility corner lot
      236 9Th St, Chico, CA 95928
      View Details
    • $3,500,000
      23,444 SF

      Downtown Chico Retail Center

      Prime Chico location, 23,444 SF, redevelopment opportunity
      225 Main St, Chico, CA 95928
      View Details
    • $968,600

      Downtown Chico Retail Space

      Historic building with original features and high traffic location.
      218 Main St, Chico, CA 95928
      View Details
    • $4,093,634
      14,576 SF

      CVS Ground Lease, Chico, CA

      High-yield CVS ground lease, strong tenant.
      1120 Forest Ave, Chico, CA 95928
      View Details
    • $450,000
      1,063 SF

      Chico Retail Investment Opportunity

      Downtown Chico storefront, high visibility
      236 9Th St, Chico, CA 95928
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,753 SF

      Prime Butte County Flex Space

      7,753 SF Flex Space Available
      175 20Th St, Chico, CA 95928
      View Details
    • $24 SF/Yr
      8,160 SF

      Skyway Marketplace Retail Center

      Chico, CA Retail Space Available
      2500 Zanella Way, Chico, CA 95928
      View Details
    • $2 SF/Yr
      32,552 SF

      Chico Marketplace Parcel A

      Prime Chico Retail Land, 32,552 SF
      1950 20Th St, Chico, CA 95928
      View Details
    • $2,850 /Mo
      2,850 SF

      Downtown Storefront with Rear Office

      Storefront with signage opportunity and rear office for sublease.
      123 W 5Th St, Chico, CA 95928
      View Details
    • Contact for pricing
      6,702 SF

      Retail Space with Solar Energy

      Retail property featuring convenient access and potential cost savings.
      2499 Bruce Rd, Chico, CA 95928
      View Details
    • $9,563 /Mo

      Corner Retail Space in Meriam Park

      Retail space in master-planned community with high traffic.
      1998 Alcott Ave, 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.
    2515 Zanella Way
    Chico, CA 95928-7158
    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.