111 Raley BlvdChico, CA 95928

Property Details for 111 Raley Blvd

Year built

2004

Construction

WOOD

Lot size

2.23 AC

Property size (Sq ft)

25,587 SF

Property type

Office properties

Property subtype

Office buildings

APN

002-210-055-000

APU

2210055000

Description

This exceptional 3,512-square-foot medical office suite is situated within the prestigious Skyway Medical Center in Chico, California. Located in Butte County at 111 Raley Blvd #140, this single-tenant property offers a highly desirable location with convenient first-floor access and ample parking. The suite boasts a well-designed layout, including a welcoming entry, reception area, spacious workspace, five exam rooms complete with sinks, four private offices, and substantial storage. Its strategic placement behind Raley's, off Skyway, ensures high visibility and accessibility. The Skyway Medical Center is home to a diverse range of medical professionals, including Enloe, creating a collaborative and thriving medical environment. The property sits on a 2.23-acre lot. This turnkey medical office presents a rare opportunity for established practices or those seeking to expand their reach in a prime Chico location. The estimated Net Charges (NNN) are $1.06 per square foot per month. This property is ideal for a medical practice seeking a well-appointed, easily accessible, and established location within a reputable medical center. The address is 111 Raley Blvd #140, Chico, CA 95928.

• CAP approach

  CAP return

  Valuation

  6%

  $4,611,344

  6.5%

  $4,256,624

  7%

  $3,952,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,653,312

  Geo Method

  $3,653,312

• Alternative Use

  Use

  Valuation

  Residential

  $5,278,214

  Hospitality

  $4,834,816

  Educational

  $4,022,510

  Medical

  $4,160,850

  Retail

  $6,257,238

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7156

Longitude

-121.791

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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