422 Otterson Dr Chico, CA 95928-8206
Property profile & analytics
422 Otterson Dr Chico, CA 95928-8206
- Warehouses
- 37,980 SF
- 2.17 lot acres
Property ID
US10-2923197
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
- Iron Mountain / Recycling Center / Waste Management Facility
- Norfield / Industrial Manufacturer / Factory
- Oncall Plumbers / Plumbing Service / General Contractor
Property Details for 422 Otterson Dr
- Year built
- 1991
- Construction
- TILT-UP CONCRETE
- Lot size
- 2.17 lot acres
- Property size
- 37,980 SF
- Property type
- Warehouses
- APN
- 039-620-009-000
- APU
- 39620009000
Description
This exceptional investment opportunity presents a modern 37,200-square-foot concrete tilt-up warehouse situated in Chico, California's desirable Hegan Lane Industrial Park. The property boasts a long-term lease with a reputable national tenant in the door machinery manufacturing industry, providing a strong and attractive net income return. The building features a newer roof (approximately 10 years old) and is fully powered by solar energy, adding significant value. Access is provided by eight roll-up doors: four dock-high doors (10 feet high) and four grade-level doors (two at 10 feet and two at 14 feet high). The warehouse offers a 23-foot ceiling height and includes two-story conditioned modular offices in the front, complete with break rooms and a conference room, as well as additional conditioned offices at the rear. The tenant is responsible for all operating expenses except insurance, making this a truly attractive NNN investment. Located at 422 Otterson Drive, Chico, CA 95928, this property represents a rare chance to acquire a high-performing industrial asset in a prime location. The tenant is a major national company with a long history and multiple facilities across the country.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,840,000
- AI Estimate
- $1,580,000
Market price range: $1.86M - $6.05MMarket price range: $854k - $3.27M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.821
- Latitude
- 39.7088
- 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
$24,525
$568,914
$1,635,058
$2,203,972
-
$0.00
$0.00
$0.00
