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Property profile & analytics

424 Otterson Dr Chico, CA 95928-8217

  • Warehouses
  • 63,000 SF
  • 3.64 lot acres
OFF-MARKET
Last Sale
Sep 15, 2021
$4,122,500
Value Estimations
$4,165,000
Show details
Cap Rate Potential
9%
Warehouses
Location Intelligence
Property ID
US09-2139102
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.

Current Use by Public Records

  • EcoPower / Industrial Manufacturer / Production Facility

Property Details for 424 Otterson Dr

Year built
1990
Construction
TILT-UP CONCRETE
Lot size
3.64 lot acres
Property size
63,000 SF
Zone code
ML
Property type
Warehouses
APN
039-620-008-000
APU
39620008000

Description

This exceptional industrial property, located at 424 Otterson Drive in Chico, California, offers a substantial 63,000-square-foot warehouse facility situated on a generous 3.64-acre lot. The property is zoned ML- Light Manufacturing, providing flexibility for a variety of industrial uses. The warehouse boasts a single tenancy and features a ceiling height ranging from 24 to 28.5 feet, offering ample vertical space for storage and operations. Loading and unloading are facilitated by six dock-high doors and six loading docks, ensuring efficient material handling. Ample parking is available with 140 total parking spaces. The building is equipped with robust power, featuring 480/277 volt service with 1,000 amps. The property's address is 424 Otterson Drive, Chico, CA 95928, with the APN 039-690-008 in Butte County. Approximately 15,000 to 52,200 square feet of space is available for lease, commencing September 15, 2023. This presents a unique opportunity to secure a well-appointed warehouse in a desirable Chico location. The property's size, features, and location make it an ideal choice for businesses seeking efficient and spacious warehouse facilities.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $4,900,000
    ML approach
    $3,235,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $5,527,000
    Market price range: $3.08M - $10.0M
    AI Estimate
    $3,075,000
    Market price range: $1.42M - $5.43M
  • Alternative Use

    Use
    Estimation
    WAREHOUSE, STORAGE
    $6,540,000
    Current use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Chico
County
Butte
State
California
Longitude
-121.822
Latitude
39.7083
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
$47,670
$936,360
$3,352,689
$4,289,049
-
$0.00
$0.00
$0.00
More about this property
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