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Property profile & analytics
OFF-MARKET Estimated value $510,000
Office buildings

2531 Frst Ave Chico, CA 95928-7716

3,000 SF 0.29 ac lot Built 2002
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-2274479
Property summary
AI-generated overview

This exceptional Chico, CA commercial property at 2531 Forest Avenue presents a unique investment opportunity. Priced at $600,000, this well-maintained, owner-built building offers two suites currently occupied by long-term tenants. While their leases have expired, both tenants express a strong desire to remain under new ownership, providing immediate income potential. The larger suite boasts over 2,000 square feet of professional office space, ideal for a law firm or similar business. The second suite is configured into smaller, private offices, offering flexibility for various uses. The property features ample parking, convenient street access, and easy-to-maintain landscaping. Its excellent location in Butte County, CA (zip code 95928), adds to its desirability. Tenants are readily available to show the units by appointment, allowing for a seamless transition for the new owner. This is a turnkey opportunity to acquire a profitable commercial property in a thriving Chico market. The property is classified as both office and land, offering potential for future development or expansion. Don't miss this chance to own a well-established and highly sought-after commercial building.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2002
Construction WOOD
Total area 3,000 SF
Lot 0.29 ac (12,632 SF)
Zoning code C1
APN 002-210-042-000
UPID US09-2274479
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Joanna Miller Mft Family Counselor
  • Law Offices of Larry L. Baumbach Law Firm
  • Mark Johnson Attorney At Law Law Firm
  • Lindsey A. Holmes Law Firm
  • Pai Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
$520k
Comparable Approach Comparable
$480k
Blend (final) Blend
$510k
Owner & transaction history
Jerald S Osborn · 1 yrs held
Jerald S Osborn
since 2025
Last sale
$525,000
3 recorded transactions
2025
$525,000
2022
Price N/A
1969
Price N/A
Zoning & alternative use
C1 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $840,000 +57.5%
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