Technical
Financial
Distress signals
Property profile

55 Declaration Dr Chico, CA 95973

OFF-MARKET
Office buildings
Property ID
US09-2042451
5,745 SF 0.43 ac lot Built 1988
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Arcade & Gaming Center Family Recreation Center
  • Accounting Firm Tax Preparation

Location

55 Declaration Dr Chico, CA 95973-4965
Chico metro Census 300 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

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
Zoning description

OC Office Commercial Office Mixed Use (OMU) (6 to 20 units per gross acre) CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 units per gross acre) CC Community Commercial Commercial Mixed Use (CMU) (6 to 2…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 55 Declaration Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message