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Financial
Distress signals
Property profile

48 Hanover Ln 1 Chico, CA 95973

FOR LEASE
Office buildings
Property ID
US10-2863867
4,146 SF 0.22 ac lot Built 1997
Last sale Feb 2023 · $575,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 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

An upstairs office suite within an established office complex in Chico, California, identified as unit 48 Hanover Ln 3. The suite is configured with two enclosed offices, a reception area, an open work area, a kitchenette, and storage closets. The space is suited for compact professional or creative uses and includes access to shared/common areas and restrooms managed as part of the office complex. The office complex was built in 1997; the area has a Walk Score of 22 and a Bike Score of 58.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$587k
Assessed land$98k
Assessed improvement$489k
Effective rate1.11%

Value estimate

· Oct 2026
$450k
$405k – $495k
AI approach$575k
CAP approach$720k
Submarket $/SF estimate$524k
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$996
Operating expenses−$5k
NOI · 920.29% cap applied$16k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$155/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$82 – $221

Cap rate analysis

How does the asset earn?
920.29%
$16k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 Service13.4
Bakery11.3
Convenience Store10.6

Location

48 Hanover Ln, Unit 1 Chico, CA 95973
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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
2755 Esplanade, Chico, CA 95973-1114 $2,300,000 May 2025 4,247 SF
24 Hanover, Chico, CA 95973-7240 $297,000 Oct 2024 3,392 SF
2991 Esplanade, Chico, CA 95973-7234 $120,000 May 2024 3,600 SF
3251 Esplanade, Chico, CA 95973-0255 $920,000 Feb 2024 4,000 SF
20 Constitution, Chico, CA 95973-4967 $234,500 Apr 2022 3,555 SF
150 Amber Grv, Chico, CA 95973-5879 $875,000 Apr 2022 4,227 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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