Financial
Distress signals
Property profile

3028 Esplanade E Chico, CA 95973

FOR LEASE
Retail space
Property ID
US09-0079632
24,142 SF 1.07 ac lot Built 1992
Last sale Jan 2006 · $1,300,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a versatile commercial unit within Chico city limits, configured with two separate warehouse areas for storage, distribution, light industrial use, or contractor operations. A central office/retail component supports the warehouse functions and includes a storefront-style entrance, a private office (or additional room), and a restroom, creating space for both operational work and customer-facing access. The unit is supported by ample on-site parking for employees and visitors, and is arranged to accommodate convenient arrival and day-to-day use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$22k
Tax billed · 2024
Assessed value$1.74M
Assessed land$402k
Assessed improvement$1.34M
Effective rate1.26%

Value estimate

· Sep 2026
$1.16M
$1.04M – $1.27M
AI approach$760k
Sales comparison$898k
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$3k
Operating expenses−$9k
NOI · 883.72% cap applied$20k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$153/SF
Submarket average, outlier-cleaned · 101 recorded sales of this use type
Observed band · Q1–Q3$87 – $264

Cap rate analysis

How does the asset earn?
883.72%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionBUTTE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.0
Bakery10.3
Barber Shop10.3

Location

3028 Esplanade E Chico, CA 95973
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2545 Esplanade, Chico, CA 95973 $10,550,000 Jun 2024 7,680 SF
282 Convair, Chico, CA 95973-9017 $3,293,000 Sep 2023 22,320 SF
156 Eaton, Chico, CA 95973-0299 $3,700,000 Dec 2022 7,000 SF
2539 Esplanade, Chico, CA 95973-1163 $1,580,000 Apr 2022 6,933 SF
3415 Silverbell, Chico, CA 95973-0392 $1,500,000 Feb 2021 18,420 SF
13407 Garner, Chico, CA 95973-9365 $1,900,000 Feb 2020 22,426 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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