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669 Palmetto Ave E E Ste Chico, CA 95926-4065

OFF-MARKET Office buildings Google Maps
1,081 SF 0.02 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$395k
Range $356k – $435k (±10%)
Property ID US09-2481987

Property summary

AI-generated overview

This exceptional Chico office property offers two combined condo units totaling 1,636 square feet of modern, well-lit space within the meticulously maintained Palmetto Plaza. Ideally situated near a variety of amenities including Safeway, McDonald's, and Plumas Bank, this location provides unparalleled convenience for both clients and employees. Currently configured as a law office, the versatile floor plan includes a welcoming reception area, dedicated administrative space, a client conference room, a mail and copy room, two private offices, a small break area, and two bathrooms. The contemporary design and efficient layout maximize functionality and create a professional atmosphere. The property boasts a desirable price point and straightforward ownership process, making it an attractive investment opportunity. Parcel numbers 003-330-006 and 003-330-007 encompass Suites F & G. The 0.02-acre lot provides ample parking and accessibility. This turnkey solution is ready for immediate occupancy and presents a rare opportunity to acquire high-quality office space in a prime Chico location. Don't miss this chance to own a piece of Palmetto Plaza.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction WOOD
Total area 1,081 SF
Lot 0.02 ac (871 SF)
Zoning code OR
APN 003-330-005-000
UPID US09-2481987

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
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Telecommunications Service Tech Support Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2023
Last sale
$285,000
5 recorded transactions
2023
Price N/A
2018
$285,000
2008
Price N/A
2007
Price N/A
1986
Price N/A

Zoning & alternative use

OR · Chico, CA
Zoning description

OR Office Residential Office Mixed Use (OMU) (6 to 20 units per gross acre) OC Office Commercial Office Mixed Use (OMU) (6 to 20 units per gross acre) CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 unit…

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
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