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    2520 Cohasset Rd Chico, CA 95973

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    2520 Cohasset Rd Chico, CA 95973

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    • Retail space
    • 5,992 SF
    • 1.94 lot acres
    For Sale
    $1,165,000
    View Listing →
    Chico Automotive/Retail Opportunity For Sale
    $1,165,000
    27,733 SF

    Chico Automotive/Retail Opportunity

    27,733 SF facility on 1.94 acres suitable for various uses.

    2520 Cohasset Rd, Chico, CA 95973
    View Listing
    Property ID
    US09-4336913
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Courtesy Buick GMC of Chico / Car Dealership
    • Courtesy Subaru of Chico Service / Auto Repair Shop

    Property Details for 2520 Cohasset Rd

    Year built
    1973
    Lot size
    1.94 lot acres
    Property size
    5,992 SF
    Zone code
    CR
    Property type
    Retail space
    APN
    015-230-033-000
    APU
    15230033000

    Description

    This exceptional 27,733-square-foot retail and auto shop property in Chico, CA, presents a unique investment opportunity. Situated on a 1.94-acre lot at the highly visible corner of Cohasset Road (18,648 average daily traffic) and East Avenue (21,420 average daily traffic), this property boasts easy access to Highway 99. Currently vacant, the building is ideally suited for automotive, RV, off-road, or watercraft dealerships, offering a nine-bay mechanic shop. The Community Commercial zoning allows for a diverse range of uses, including potential ground lease options for quick-service restaurants or other retail businesses. This turnkey property offers significant potential for growth in a thriving commercial district. The substantial lot size provides ample space for expansion or additional development. The property's prime location and versatile zoning make it an attractive investment for a variety of businesses seeking high visibility and accessibility in a busy Chico commercial area. The address is 2520 Cohasset Rd, Chico, CA 95973, in Butte County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,235,000
      6.5%
      $1,140,000
      7%
      $1,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,543,000
      Market price range: $524k - $1.58M
      AI Estimate
      $804,000
      Market price range: $212k - $838k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $920,000
      Current use
      COMMERCIAL (GENERAL)
      $1,680,000
      Change: +83% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,185,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $930,000
      Change: +1% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $920,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.843
    Latitude
    39.7618
    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
    $17,264
    $717,512
    $842,602
    $1,560,114
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,325,000
      63,674 SF

      13310 Garner Ln

      RETAIL STORES (PERSONAL SERVICES) • 63,674 SF
      13310 Garner Ln, Chico, CA 95973-9290
      View Details
    • Value Estimation by Request
      1.98 Acres

      3010 Floral Ave

      RETAIL STORES (PERSONAL SERVICES) • 1.98 Acres
      3010 Floral Ave, Chico, CA 95973-8410
      View Details
    • Value Estimation
      $2,085,000
      25,069 SF

      22 Jordans Pl

      RETAIL STORES (PERSONAL SERVICES) • 25,069 SF
      22 Jordans Pl, Chico, CA 95973-8742
      View Details
    • Value Estimation
      $655,000
      5,780 SF

      2635 Esplanade

      RETAIL STORES (PERSONAL SERVICES) • 5,780 SF
      2635 Esplanade, Chico, CA 95973-1112
      View Details
    • Value Estimation
      $1,610,000
      22,426 SF

      13407 Garner Ln

      RETAIL STORES (PERSONAL SERVICES) • 22,426 SF
      13407 Garner Ln, Chico, CA 95973-9365
      View Details
    • Value Estimation
      $1,465,000
      18,420 SF

      3415 Silverbell Rd

      RETAIL STORES (PERSONAL SERVICES) • 18,420 SF
      3415 Silverbell Rd, Chico, CA 95973-0392
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,733 SF

      Chico Automotive/Retail Opportunity

      27,733 SF facility on 1.94 acres suitable for various uses.
      2520 Cohasset Rd, Chico, CA 95973
      View Details
    • Contact for pricing
      27,733 SF

      Commercial Property in High-Traffic Area

      Commercial property with mechanic shop and ground lease potential.
      2520 Cohasset Rd, Chico, CA 95973
      View Details
    • Contact for pricing
      15,081 SF

      Automotive Dealership Opportunity in Chico

      Automotive dealership with mechanic shop in a vibrant location.
      2522 Cohasset Rd, Chico, CA 95973
      View Details

    Similar Nearby for Lease

    • $4,975 /Mo
      6,815 SF

      Retail and Warehouse/Flex Space

      Retail and warehouse/flex space available for lease.
      3388 State Highway 32, Chico, CA 95973
      View Details
    • Contact for pricing

      Prime Retail Space in Chico

      Well-positioned shopping center near major retailers and future health facility.
      118 W East Ave, Chico, CA 95973
      View Details
    View Listing
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    Chico, CA 95973
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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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    2520 Cohasset Rd, Chico, CA, 95973

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