2531 Frst Ave Chico, CA 95928-7716
Property profile & analytics
2531 Frst Ave, Chico, CA 95928-7716
- Office buildings
- 3,000 SF
- 0.29 lot acres
Property ID
US09-2274479
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.
Location Intelligence
Current Use by 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
Property Details for 2531 Frst Ave
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 0.29 lot acres
- Zone code
- C1
- Property type
- Office buildings
- APN
- 002-210-042-000
- APU
- 2210042000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $625,000
- ML approach
- $490,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $565,000
- 6.5%
- $520,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $479,000
Market price range: $306k - $782k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $535,000 Current use
- COMMERCIAL (GENERAL)
- $840,000 Change: +57% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.794
- Latitude
- 39.7183
- 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
$5,556
$72,406
$425,119
$497,525
-
$0.00
$0.00
$0.00
