Chico, WA High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Chico, Washington Market population: 87K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Chico CA Properties: 1.0900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Chico CA
Common questions from investors exploring commercial real estate in Chico CA.
What is the overall investment potential of Chico, CA, considering its demographic and economic factors?
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Chico, CA's investment potential is promising, with a median household income of $43,372 and a poverty rate of 23.5%, indicating a working-class market with employment stability, while its top industries in Public Administration, Construction, and Transportation & Warehousing, & Utilities suggest a diverse economy. The city's 17.3-minute average commute time and 90.4% health insurance coverage also indicate a high quality of life. Additionally, the ethnic diversity, with 42.5% White, 37.4% White Non-Hispanic, and 9.6% Hispanic populations, contributes to a vibrant community.
How does the city's commute time and health insurance coverage impact the rental market?
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The 17.3-minute average commute time in Chico, CA, combined with 90.4% health insurance coverage, suggests a stable and attractive rental market, as renters tend to prioritize convenient transportation options and access to healthcare. This, along with the city's top commute methods of driving alone, working from home, and carpooling, indicates a well-planned infrastructure that supports renters' needs.
What role do the top industries play in shaping the local real estate market?
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The top industries in Chico, CA, including Public Administration, Construction, and Transportation & Warehousing, & Utilities, contribute to a diverse and stable economy, which in turn supports the local real estate market. With 40,499 employed individuals and a median household income of $43,372, these industries help drive demand for housing, making it an attractive market for real estate investors. The presence of these industries also suggests a low unemployment rate, which is further supported by the city's 23.5% poverty rate.
How does the city's ethnic diversity and income inequality impact the real estate market?
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Chico, CA's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant and inclusive community, which can attract a wide range of residents and investors. However, the city's income inequality, with a GINI coefficient of 0.46, and poverty rate of 23.5%, suggest that there may be disparities in housing affordability and access to resources. Investors should consider these factors when evaluating the local real estate market and potential investment opportunities.
What are the implications of the city's homeownership rate and median property value for real estate investors?
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Chico, CA's homeownership rate of 44.2% and median property value of $266,500 indicate a relatively stable and affordable housing market, which can be attractive to real estate investors. With a median property tax of $14,942, investors should consider the potential returns on investment, taking into account the city's economic and demographic factors, such as the employed population of 40,499 and median household income of $43,372. The relatively low homeownership rate also suggests opportunities for rental investments and potential for long-term appreciation in property values.
Chico CA Real Estate & City Facts
Key facts and real estate information about Chico CA.
What are some of the best neighborhoods to live in Chico?
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Some of the best neighborhoods to live in Chico include Amber Grove, Doe Mill, Vallombrosa-Manzanita, Downtown Chico, South Chico, The Avenues, and California Park. These neighborhoods offer a range of amenities, including parks, walkability, and schools, making them great options for families and individuals alike.
What are some fun things to do in Chico?
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Chico has a lot to offer when it comes to things to do. You can visit the Sierra Nevada Brewing Co. for a tour and tasting, explore the beautiful Bidwell Park, or check out the Chico Certified Farmer's Market for some fresh produce. Downtown Chico is also a great place to discover, with its ongoing street festivals, live music, and eclectic art scene. If you're looking for outdoor activities, upper Bidwell Park has some wonderful views and hiking trails, and lower Bidwell Park is great for biking, walking, or running.
What is the food scene like in Chico?
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Chico has a thriving food scene, with a range of restaurants to suit every taste. You can find classic hot spots like the Sierra Nevada Brewing Co. Taproom, as well as new and exciting restaurants like Sofi'z Kitchen and Bar, Discovery Bar, and The Grill. There are also plenty of great food trucks and cafes to grab a quick bite or coffee. Some popular restaurants in Chico include Basque Norte Restaurant, Rancher's Daughter, and Woodstock's Pizza.
What are the pros and cons of living in Chico?
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Chico is a great place to live, with a lot of pros. The city has a strong sense of community, with many family-friendly neighborhoods and a vibrant downtown area. The outdoor recreation opportunities are also plentiful, with Bidwell Park and the surrounding mountains and lakes offering endless possibilities for hiking, biking, and more. However, some cons of living in Chico include the high cost of living, particularly when it comes to housing, and the limited job opportunities in certain industries. Additionally, the city can get quite hot during the summer months, and traffic can be a problem in certain areas.
Is Chico a good place to live?
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Overall, Chico is a great place to live, with a lot to offer in terms of community, outdoor recreation, and cultural activities. While it may have some drawbacks, such as a high cost of living and limited job opportunities, the city's many pros make it a great choice for families, individuals, and retirees alike. With its small-town charm and big-city amenities, Chico is a great place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Chico CA Commercial Property: $43,372
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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