Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    55 Independence Cir Chico, CA 95973

    • Office buildings
    • 22,116 SF
    • 1.62 lot acres
    For Lease
    View listing
    $1,290 /Mo
    Value Estimations
    $510,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3106465
    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.

    Current Use by Public Records

    • Site Constructors Inc / General Contractor
    • Culp & Tanner Inc / Structural Engineer
    • Covered California Certified Agent / Health Insurance Agency
    • American Income Life - Rick Altig Jr & Ilija Orlovic / Insurance Agency
    • North State Events / Wedding Planner

    Property Details for 55 Independence Cir

    Year built
    1989
    Construction
    WOOD
    Lot size
    1.62 lot acres
    Property size
    22,116 SF
    Zone code
    OC
    Property type
    Office buildings
    APN
    006-210-095-000
    APU
    6210095000

    Description

    This exceptional 1,529 square foot office space is ideally situated on the second floor of the Capital Building at Philadelphia Square in Chico, CA. The property, identified by APN 006-210-095-000, is a Class B building and offers a versatile layout perfect for various professional uses, including executive, medical, or creative office settings. Currently entirely vacant, this entire suite presents a unique opportunity for immediate occupancy. The space boasts four generously sized offices, each featuring abundant natural light from ample windows. In addition to the private offices, the suite includes a dedicated work area and a convenient storage room, providing ample space for both individual and team needs. The building itself is well-maintained and offers a quiet, professional atmosphere, making it an ideal location for businesses seeking a productive and peaceful work environment. The property is located at 55 Independence Circle, Chico, CA 95973, in Butte County. This single-building property is categorized as Office, Special Purpose, and is suitable for multiple tenants. Don't miss this chance to secure this exceptional office space in a prime Chico location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.874
    Latitude
    39.7721
    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
    $23,183
    $225,000
    $1,865,000
    $2,090,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $325,000
      20,072 SF

      1377 Lassen Ave

      OFFICE BUILDING • 20,072 SF
      1377 Lassen Ave, Chico, CA 95973-7824
      View Details
    • Value Estimation
      $470,000
      14,800 SF

      1350 Lassen Ave

      OFFICE BUILDING • 14,800 SF
      1350 Lassen Ave, Chico, CA 95973-7858
      View Details
    • Value Estimation
      $510,000
      20,907 SF

      1357 Lassen Ave

      OFFICE BUILDING • 20,907 SF
      1357 Lassen Ave, Chico, CA 95973-7824
      View Details
    • Value Estimation
      $345,000
      29,194 SF

      63 Constitution Dr

      OFFICE BUILDING • 29,194 SF
      63 Constitution Dr, Chico, CA 95973-4937
      View Details
    • Value Estimation
      $315,000
      8,558 SF

      2952 Esplanade

      OFFICE BUILDING • 8,558 SF
      2952 Esplanade, Chico, CA 95973-1021
      View Details
    • Value Estimation
      $280,000
      6,199 SF

      3269 Esplanade

      OFFICE BUILDING • 6,199 SF
      3269 Esplanade, Chico, CA 95973-4971
      View Details

    Similar Nearby for Sale

    • $559,000
      5,183 SF

      Chico Office Investment Opportunity

      Commercial property for sale in a prominent professional office area.
      30 Declaration Dr, Chico, CA 95973
      View Details
    • $595,000
      1,040 SF

      Chico Commercial Property with Shop

      Versatile commercial property featuring office space and extensive shop capacity.
      199 East Shasta Ave, Chico, CA 95973
      View Details
    • $599,000
      5,745 SF

      Chico Office Building - Great ROI

      Fully occupied, high-return office investment.
      55 Declaration Dr, Chico, CA 95973
      View Details
    • $2,750,000
      16,522 SF

      Chico Executive Office Complex

      Prestigious Chico Office Park, 16,522 SF
      1367 Lassen Ave, Chico, CA 95973
      View Details
    • Contact for pricing
      1,070 SF

      Chico Office Suite - Prime Location

      Well-maintained office, high visibility, 1070 sq ft.
      2732 Rd Unit A, Chico, CA 95973
      View Details
    • $4,995,000

      Chico Industrial Campus Investment

      Prime Chico location, high-yield investment.
      1395 Ridgewood Dr, Chico, CA 95973
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      6,000 SF

      Professional Office Building with Patio

      6,000 SF office building with modern amenities for rent.
      13434 Browns Valley Dr, Chico, CA 95973
      View Details
    • $1,290 /Mo
      1,280 SF

      Capital Building Office Space

      Second floor office space in Philadelphia Square.
      55 Independence Cir, Chico, CA 95973
      View Details
    • $2,358 /Mo

      Office Suite with Multiple Offices

      First floor office suite featuring a reception area and offices.
      20 Declaration Dr, Chico, CA 95973
      View Details
    • Contact for pricing
      10,201 SF

      Prime Butte County Executive Office Space

      10,201 SF Executive Office, Daytime Use Only
      1395 Ridgewood Dr, Chico, CA 95973
      View Details
    • Contact for pricing
      750 SF

      Chico Executive Office Suite

      750 SF Office, Prime Location
      95 Declaration Dr, Chico, CA 95973
      View Details
    • $2,700 /Mo
      3,111 SF

      Corner Office Space with Windows

      Second-floor office with natural light, private offices, and amenities.
      60 Declaration Dr, Chico, CA 95973
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55 Independence Cir
    Chico, CA 95973
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.