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Property profile & analytics
OFF-MARKET Estimated value $4,165,000
Warehouses

424 Otterson Dr Chico, CA 95928-8217

63,000 SF 3.64 ac lot Built 1990
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2139102
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1990
Construction TILT-UP CONCRETE
Total area 63,000 SF
Lot 3.64 ac (158,558 SF)
Zoning code ML
APN 039-620-008-000
UPID US09-2139102
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • EcoPower Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.53M
Blend (final) Blend
$4.17M
Owner & transaction history
Skyline 99 Chico Industrial LLC · 4 yrs held
Skyline 99 Chico Industrial LLC
since 2021
Last sale
$4.1M
7 recorded transactions
2021
$4.1M
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ML · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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