Chico Commercial Property on
3208 State Highway 32, Chico, CA 95973
New
- Added:
- May 20, 2026
- Days on Market:
- 4
- Last Refresh:
- May 23 at 3:06 pm
Property Features for 3208 State Highway 32
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 042060023000
- Size
- 2,500 SF
Building Details
- Year built
- 1957
- Architectural style
- Other
Listing agent Robin Fox License #00961495 (530) 520-9600
Listing office eXp Realty of California, Inc. 2603 Camino Ramon, San Ramon, CA (888) 584-9427
Listing date May 20, 2026
MLS# SN26110559
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑visibility location on State Highway 32 with excellent frontage and strong daily traffic exposure.
- Flexible main building suitable for professional offices, counseling, nonprofit, retail, or service business.
- Additional cottage‑style outbuilding with power, insulation, hardwood floors, and cement foundation suitable for office, studio, storage, or potential income.
- Ample on‑site parking, circular driveway, and drive‑through access to the rear of the property.
- Deep lot with room for expansion, redevelopment, or reconfiguration.
- Multiple structures including main building and two powered outbuildings.
Overview
Located on State Highway 32 in Chico, this commercial property offers high visibility, excellent frontage, and strong daily traffic exposure. Currently used as the headquarters for We Care Ministries, the property includes a well-maintained main building configured for professional use. The building features multiple offices, a conference room, a counseling room, a kitchen, and a bathroom. Resting on a cement foundation, the main structure provides flexible space suitable for professional offices, counseling, nonprofit use, retail, boutique, studio, or service business. The usable parcel extends to the rear and includes two additional powered outbuildings. The first is a solid, cottage-style structure built on a cement foundation, insulated, wired for electricity, and finished with hardwood floors. This outbuilding has been used as office space, a library, temporary housing, and storage, and could serve as a workshop, studio, storage, or potential future income space. A second small detached structure with power offers additional storage or workspace. Ample on-site parking, a circular driveway, and drive-through access to the rear of the property provide convenience and operational flexibility. Mature trees create an attractive setting, and the deep lot offers room for expansion, redevelopment, or reconfiguration to meet a variety of business needs. The property size is 2500 square feet.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$343.6K
NOI $30,925 @ 9.00% cap · cautious / downside scenario
Moderate
$441.8K
NOI $30,925 @ 7.00% cap · market / base-case scenario
Aggressive
$618.5K
NOI $30,925 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $18.72 |
| − Vacancy | −$2.6k | −$1.05 |
| EGI | $44.2k | $17.67 |
| − OpEx | −$13.3k | −$5.30 |
| NOI | $30.9k | $12.37 |
2,500 SF · lease $18.72/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$441.8K
$386.6K – $515.4K
NOI $30,925 @ 7.0% cap · market cap 8.14%
Second Best
Office B
$378.0K
$330.7K – $441.0K
NOI $26,457 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$504.8K
$441.7K – $588.9K
NOI $35,334 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.898056
- Latitude
- 39.749443
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - High-visibility commercial property with multiple buildings and flexible space.
Where is this office building located?
The property is located at 3208 State Highway 32 Chico, CA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: High‑visibility location on State Highway 32 with excellent frontage and strong daily traffic exposure.; Flexible main building suitable for professional offices, counseling, nonprofit, retail, or service business.; Additional cottage‑style outbuilding with power, insulation, hardwood floors, and cement foundation suitable for office, studio, storage, or potential income.
