55 Declaration DrChico, CA 95973

Property Details for 55 Declaration Dr

Year built

1988

Construction

WOOD

Lot size

0.43 AC

Property size (Sq ft)

5,745 SF

Zone code

OC

Property type

Office buildings

APN

006-210-074-000

APU

6210074000

Description

This exceptional investment opportunity presents a fully occupied 5,745 square foot office building situated on a 0.43-acre lot at 55 Declaration Drive, Chico, CA. The property boasts a strong tenant base, ensuring consistent income and a solid return on investment. Its convenient location in a bustling complex just off the freeway provides excellent visibility and accessibility. The building is exceptionally well-maintained, minimizing operational concerns for the new owner. Ample parking is available for tenants and visitors, adding to the property's appeal. Furthermore, the common areas are meticulously managed by the Property Owners Association, relieving the owner of significant maintenance responsibilities. This turnkey investment requires minimal effort to maintain its current high occupancy and profitability. The asking price is $599,000, representing a compelling opportunity for investors seeking a stable and lucrative addition to their portfolio. This property offers a rare combination of location, condition, and occupancy, making it an ideal investment for discerning buyers. Serious inquiries are encouraged to explore this exceptional opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $1,035,376

  6.5%

  $955,732

  7%

  $887,465

• Comparable approach

  Method

  Valuation

  Relative Method

  $820,271

  Geo Method

  $820,271

• Alternative Use

  Use

  Valuation

  Residential

  $1,185,107

  Hospitality

  $1,085,552

  Educational

  $903,166

  Medical

  $934,228

  Retail

  $1,404,926

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7714

Longitude

-121.873

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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