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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    587 Country Dr Chico, CA 95928-7116

    • Office buildings
    • 4,724 SF
    • 0.65 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2022
    $1,000,000
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    6.8%
    Office buildings
    Location Intelligence
    Property ID
    US09-3730222
    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

    • Hudson's Appliance Center / Appliances Customer Service / Grill Store

    Property Details for 587 Country Dr

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.65 lot acres
    Property size
    4,724 SF
    Property type
    Office buildings
    APN
    005-580-025-000
    APU
    5580025000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $785,000
      ML approach
      $745,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $890,000
      6.5%
      $820,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $983,000
      Market price range: $482k - $1.23M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $840,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.801
    Latitude
    39.7133
    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
    $11,327
    $433,500
    $586,500
    $1,020,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $270,000
      15,763 SF

      400 Broadway St

      OFFICE BUILDING • 15,763 SF
      400 Broadway St, Chico, CA 95928-5323
      View Details
    • Value Estimation
      $240,000
      19,224 SF

      426 Broadway St

      OFFICE BUILDING • 19,224 SF
      426 Broadway St, Chico, CA 95928-5334
      View Details
    • Value Estimation
      $420,000
      16,320 SF

      525 Salem St

      OFFICE BUILDING • 16,320 SF
      525 Salem St, Chico, CA 95928-5536
      View Details
    • Value Estimation
      $370,000
      4,152 SF

      125 Raley Blvd

      OFFICE BUILDING • 4,152 SF
      125 Raley Blvd, Chico, CA 95928-8347
      View Details
    • Value Estimation
      $330,000
      4,494 SF

      2580 Sierra Sunrise Ter Ste, Unit 200

      OFFICE BUILDING • 4,494 SF
      2580 Sierra Sunrise Ter Ste, Chico, CA 95928-8442
      View Details
    • Value Estimation
      $320,000
      5,110 SF

      555 Main St Ste, Unit 300

      OFFICE BUILDING • 5,110 SF
      555 Main St Ste, Chico, CA 95928-5676
      View Details

    Similar Nearby for Sale

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      Chico Office Complex: Prime Location

      Versatile Office & Warehouse Space
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      5,829 SF

      Chico Ambulatory Surgery Center

      Freestanding, single-story, 5,829 SF ambulatory surgery center for sale.
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      Downtown Commercial Office Space Available

      Office space with parking in a desirable downtown location.
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      Updated Office Building For Sale

      Recently updated office building, ideal for investors or owner-users.
      310 Flume St, Chico, CA 95928
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    • Contact for pricing
      1,670 SF

      Chico Office Space: Prime Location

      Corner office, ample space, great signage.
      500 St Unit 150, Chico, CA 95928
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    • $375,000

      Two Commercial Buildings on Corner

      Two commercial buildings on one parcel, highly visible corner.
      236 W 9Th St, Chico, CA 95928
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    Similar Nearby for Lease

    • $12 SF/Yr
      3,000 SF

      Downtown Chico Executive Office Space

      Prime Chico location, 3,000 sq ft office.
      236 Broadway St, Chico, CA 95928
      View Details
    • $1,810 /Mo

      Professional Office Suite in Chico

      Functional office suite in a well-maintained, historic building.
      426 Broadway St, Chico, CA 95928
      View Details
    • $1,050 /Mo

      Downtown Chico Victorian Office Space

      Charming Victorian office space in downtown Chico. Utilities included.
      344 Flume Ab, Chico, CA 95928
      View Details
    • $34,310

      Industrial Property with Office Space

      Secure industrial property featuring warehouse, office, and covered storage.
      100 Loren Ave, Chico, CA 95928
      View Details
    • $1,457 /Mo
      1,214 SF

      First Floor Office Space Available

      First floor office space with ample parking and easy access.
      1469 Humboldt Rd, Chico, CA 95928
      View Details
    • $2,850 /Mo
      2,850 SF

      Downtown Storefront with Rear Office

      Storefront with signage opportunity and rear office for sublease.
      123 W 5Th St, Chico, CA 95928
      View Details
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    587 Country Dr
    Chico, CA 95928-7116
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    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
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