578 Rio Lindo AveChico, CA 95926

  • Office properties
  • 6,864 SF
For Sale
$960,000 View listing

Property Details for 578 Rio Lindo Ave

Year built
1972
Construction
WOOD
Lot size
0.73 AC
Property size (Sq ft)
6,864 SF
Property type
Office properties
Property subtype
Office buildings
APN
006-260-038-000
APU
6260038000

Description

This exceptional 6,864 square foot executive office building, situated on a 0.73-acre lot at 578 Rio Lindo Avenue in Chico, California, presents a compelling investment opportunity. Built in 1972, this single-story building boasts five individual office suites. Currently, four of the suites are leased, providing immediate cash flow, while one suite is available for an owner-occupant or to lease to a new tenant, offering potential for increased revenue. The property's asking price is $960,000, translating to $140 per square foot. Its central location on Rio Lindo Avenue places it within a thriving commercial area, ensuring high visibility and accessibility. The property's APN is 006260038000. This is an ideal opportunity for an investor seeking a stable income stream with upside potential or an owner-user looking for a well-located space. The neighboring office building at 572 Rio Lindo Ave is also available for purchase. Tenants should not be disturbed.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,237,045
    6.5%
    $1,141,887
    7%
    $1,060,324
  • Comparable approach

    Method
    Valuation
    Relative Method
    $980,042
    Geo Method
    $980,042
  • Alternative Use

    Use
    Valuation
    Residential
    $1,415,940
    Hospitality
    $1,296,994
    Educational
    $1,079,084
    Medical
    $1,116,195
    Retail
    $1,678,574
578 Rio Lindo Ave, Chico, California

Location Insight

City
Chico
County
Butte
State
California
Latitude
39.755
Longitude
-121.848
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
$10,851
$334,812
$643,876
$978,688
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-
-
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