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Property profile & analytics
OFF-MARKET
Office buildings

55 Declaration Dr Chico, CA 95973-4965

5,745 SF 0.43 ac lot Built 1988
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2042451
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied 5,745 square foot office building situated on a 0.43-acre lot at 55 Declaration Drive, Chico, CA. The property boasts a strong tenant base, ensuring consistent income and a solid return on investment. Its convenient location in a bustling complex just off the freeway provides excellent visibility and accessibility. The building is exceptionally well-maintained, minimizing operational concerns for the new owner. Ample parking is available for tenants and visitors, adding to the property's appeal. Furthermore, the common areas are meticulously managed by the Property Owners Association, relieving the owner of significant maintenance responsibilities. This turnkey investment requires minimal effort to maintain its current high occupancy and profitability. The asking price is $599,000, representing a compelling opportunity for investors seeking a stable and lucrative addition to their portfolio. This property offers a rare combination of location, condition, and occupancy, making it an ideal investment for discerning buyers. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction WOOD
Total area 5,745 SF
Lot 0.43 ac (18,730 SF)
Zoning code OC
APN 006-210-074-000
UPID US09-2042451
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
  • NCTCS Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Chico Escape Rooms Arcade & Gaming Center Family Recreation Center
  • Johnson & Heller Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Randy R Johnson · 2 yrs held
Randy R Johnson
since 2024
Last sale
$330,000
5 recorded transactions
2024
Price N/A
2002
Price N/A
1988
$330,000
1988
$14,500
1969
Price N/A
Zoning & alternative use
OC · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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