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Financial
Distress signals
Property profile

55 Independence Cir 206 Chico, CA 95973

FOR LEASE
Office buildings
Property ID
US09-3106465
22,116 SF 1.62 ac lot Built 1989
Last sale Apr 1996 · $1,685,000
Trust Owned Owner of record is a trust. 26-yr Hold Held for 26 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
55 Independence Cir,Unit 206, Chico, CA 95973 For Lease
$1,499/Mo
55 Independence Cir,Unit 206, Chico, CA 95973
View Listing

Property summary

AI-generated overview

The property includes a second-floor office suite (Suite 206) located within the Capital Building at Philadelphia Square. The suite is configured for professional office use and contains five large private offices, a work area, and a storage room. The interior layout features offices with ample window access for natural light. The building is positioned with convenient access to the freeway and includes ample on-site parking for employees and visitors.

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?
$23k
Tax billed · 2024
Assessed value$2.09M
Assessed land$225k
Assessed improvement$1.87M
Effective rate1.11%

Value estimate

· Oct 2026
$1.87M
$1.68M – $2.05M
Submarket $/SF estimate$1.87M
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$992
Operating expenses−$5k
NOI · 1,079.45% 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?
1,079.45%
$16k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
OC
OC Office Commercial Office Mixed Use (OMU) (6 to 20 units per gross acre) CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to ...
General categoryMIXED_USE
JurisdictionBUTTE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant24.0
Wholesale Shop19.5
Building Supply16.6

Location

55 Independence Cir, Unit 206 Chico, CA 95973
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

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
100 Independence, Chico, CA 95973-0258 $2,200,000 Apr 2024 12,802 SF
1000 Fortress, Chico, CA 95973-9512 $3,775,000 Nov 2023 30,915 SF
265 Airpark, Chico, CA 95973-9516 $6,348,000 Sep 2023 41,756 SF
3460 Silverbell, Chico, CA 95973-0388 $3,298,000 Apr 2023 15,672 SF
1370 Lassen, Chico, CA 95973-6600 $6,400,000 Mar 2022 18,402 SF
3435 Silverbell, Chico, CA 95973-0386 $1,095,000 Mar 2022 7,576 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

Comparable nearby

  • Value Estimation
    $1,420,000
    16,707 SF
    1360 Lassen Ave
    OFFICE BUILDING
    1360 Lassen Ave, Chico, CA 95973-7823
    View Details
  • Value Estimation
    $2,480,000
    13,764 SF
    10 Ilahee Ln
    OFFICE BUILDING
    10 Ilahee Ln, Chico, CA 95973-7203
    View Details
  • Value Estimation
    $1,455,000
    10,488 SF
    Chico, CA 95973
    OFFICE BUILDING
    Chico, CA 95973
    View Details
  • Value Estimation
    $1,355,000
    9,586 SF
    3011 Ceres Ave
    OFFICE BUILDING
    3011 Ceres Ave, Chico, CA 95973-5635
    View Details
  • Value Estimation
    $555,000
    6,404 SF
    60 Declaration Dr
    OFFICE BUILDING
    60 Declaration Dr, Chico, CA 95973-4920
    View Details
  • Value Estimation
    $575,000
    5,846 SF
    15 Independence Cir
    OFFICE BUILDING
    15 Independence Cir, Chico, CA 95973-0251
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    6,404 SF
    Two-Story Multi-Tenant Office Building
    Two-story office building in Philadelphia Square offers four multi-tenant suites and ample on-site parking.
    60 Declaration Dr, Chico, CA 95973
    View Details
  • $695,000
    5,760 SF
    Professional Office Building with New Roof
    Well-maintained office building with a new roof completed in 2025 and ample on-site parking.
    20 Independence Cir, Chico, CA 95973
    View Details
  • New
    $635,000
    Office Building for Sale
    For-sale office building located at 2801 Godman Avenue in Chico, California.
    2801 Godman Avenue, Chico, CA 95973
    View Details

Similar in This City for Lease

  • New
    $8,140/Mo
    Versatile Office Building For Lease
    Upscale office building with flexible layout in central Chico.
    132 Mission Ranch Boulevard, Chico, CA 95926
    View Details
  • $3,874/Mo
    Corner Office Suite
    For lease office space in Chico, located on a corner at Independence Circle.
    80 Independence Circle 200, Chico, CA 95973
    View Details
  • New
    $3,965/Mo
    1,724 sqft
    Freestanding Office Building
    Built in 2021, this freestanding office includes private offices, conference space, collaborative workspace, and on-site parking access.
    2455 Beacon Street, Chico, CA 95928
    View Details
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