75 Declaration DrChico, CA 95973

  • Office properties
  • 6,170 SF
For Lease

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
75 Declaration Dr, Chico, California

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

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
$7,868
$125,000
$585,000
$710,000
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-
-
-

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