Property summary
In Downtown Chico, the property is a net-leased, single-story office building on the corner of 3rd and Salem Streets, configured as a two-tenant facility. The building has been recently remodeled and includes two separate units: Unit 1 is approximately 3,700 square feet and includes 11 private offices, open workstation space for more than 12 people, a large conference/event room, a staff lounge, four private restrooms, a built-in reception and waiting area, main-floor and attic storage accessible by stairs, and a private parking area. Unit 2 is approximately 2,100 square feet and includes a reception/waiting area, four private offices, two open workspaces, restrooms, and a break room. The building uses an engineered glass system and office window line for natural light, and each unit has separate utility meters, separate bathrooms, and entrances on Salem Street.
Property profile
VerifiedCap rate & NOI
Current use
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Logistics Company Freight Service
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Loan Service Bank
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Loan Service Bank
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Loan Service Bank
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Loan Service Bank
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixed Use (CMU) (6 to 22 units per gross acre CS Commercial Services Commercial Services (C…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CC · Chico, CACC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixed Use (CMU) (6 to 22 units per gross acre CS Commercial Services Commercial Services (C…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixed Use (CMU) (6 to 22 units per gross acre CS Commercial Services Commercial Services (C…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Chico, CA.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning