75 Declaration DrChico, CA 95973
- Office properties
- 6,170 SF
Property Details for 75 Declaration Dr
- Year built
- 1991
- Construction
- WOOD
- Lot size
- 0.45 AC
- Property size (Sq ft)
- 6,170 SF
- Zone code
- OC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 006-210-087-000
- APU
- 6210087000
Description
This exceptional executive office suite, totaling 175 square feet, is situated on the first floor of a well-maintained, two-story professional office complex at 75 Declaration Drive in Chico, CA 95973. Built in 1991, the building boasts a total of 625 square feet and sits on a 0.45-acre lot (APN: 006210087000). The suite is part of a multi-tenant building offering convenient access to a shared conference room, ideal for collaborative work or client meetings. This location provides unparalleled access to major transportation arteries, including Highway 99, Esplanade, and Eaton Road, ensuring seamless commutes throughout Chico and beyond. The property's strategic location offers easy access to Chico's city center, the airport, and broader Northern California via Highway 99. The lease is a gross lease, meaning utilities and janitorial services are included in the rent, minimizing operational overhead for the tenant. This is a fantastic opportunity for a business seeking a professional, well-located, and conveniently managed office space in Butte County. The suite is immediately available.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,111,970
- 6.5%
- $1,026,434
- 7%
- $953,118
-
Comparable approach
- Method
- Valuation
- Relative Method
- $880,953
- Geo Method
- $880,953
-
Alternative Use
- Use
- Valuation
- Residential
- $1,272,778
- Hospitality
- $1,165,858
- Educational
- $969,980
- Medical
- $1,003,340
- Retail
- $1,508,858
Location Insight
- City
- Chico
- County
- Butte
- State
- California
- Latitude
- 39.772
- Longitude
- -121.872
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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