435 Otterson Dr Chico, CA 95928-8207
Property profile & analytics
435 Otterson Dr, Chico, CA 95928-8207
- Manufacturing properties
- 49,352 SF
- 5.86 lot acres
Property ID
US09-2007712
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
- FAFCO, Inc. / Production Facility
Property Details for 435 Otterson Dr
- Year built
- 2000
- Construction
- TILT-UP CONCRETE
- Lot size
- 5.86 lot acres
- Property type
- Manufacturing properties
- APN
- 039-620-012-000
- APU
- 39620012000
Description
This exceptional industrial property, situated in Chico, CA's premier planned industrial park, presents a unique investment opportunity. Built in 2000, the 49,352 square foot facility sits on a 5.86-acre lot and offers a versatile layout ideal for various manufacturing or industrial uses. The building boasts approximately 8,300 square feet of improved headquarters/front office space and an additional 8,300 square feet of semi-improved mezzanine space, perfect for expansion. The remaining 41,000 square feet comprises a conditioned warehouse/manufacturing area, divided into one large space and three smaller sections, all accessible via interior roll-up and sliding doors. The robust structure features a concrete tilt-up envelope, a joist-to-glue-lam roof system, and interior steel support columns spaced at 25' x 50'. A 6" concrete slab provides a solid foundation. Zoned ML (Light Manufacturing), the property enjoys full city utility service, including fiber optic cable data. Dual recessed truck docks accommodate multiple trailers, and a large, fenced, and paved 40,000 square foot storage yard offers ample secure outdoor space. The building is equipped with a fire suppression sprinkler system, two air-cooled chiller units, and an ice-based thermal storage cooling unit for efficient climate control. Nine roof-mounted package HVAC units serve the office areas and three warehouse sections. The semi-improved mezzanine offers expansion potential, accessible via two stairwells and featuring existing windows. Conveniently located near Highways 99 and 32, this property provides easy access to Sacramento and Redding. Priced at $80 per square foot, this represents approximately 50% of replacement value, making it a compelling investment.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,055,000
- 6.5%
- $4,665,000
- 7%
- $4,330,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,339,000
- AI Estimate
- $3,341,000
Market price range: $1.63M - $14.9MMarket price range: $1.35M - $8.52M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $6,640,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.82
- Latitude
- 39.7103
- 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
$53,420
$1,275,000
$3,504,030
$4,779,030
-
$0.00
$0.00
$0.00
