Commercial Live-Work Property with
3208 State Highway 32 Chico, CA 95973
For Sale
$380,000
COMMERCIAL - Chico, CA
Property Size2,500 SF
Lot Size1.22 Acres
Price / SF$152
Days on Market111
Property Features for 3208 State Highway 32
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
5
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1
Standard status
Active
APN
042060023000
Lot size
1.22 Acres
Utilities
Water source
Private
Building Details
Year built
1957
Floors in Building
1
Number of units
1
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Robin Fox · License #00961495
(530) 520-9600
Added: Apr 10
Changed: Jul 28
Last Checked: Jul 29 at 3:06PM
MLS# SN26070154
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.
Investment Insights
Based on property information with market context.
This live-work style property includes a front residence and two detached outbuildings on a deep parcel with drive-through access to the rear. The front home is approximately 1,200 square feet and has 2 bedrooms and 1 bathroom; it is currently configured as office space while retaining kitchen and bathroom facilities, with adaptation to residential use subject to buyer investigation.
For MLS purposes, total building area is estimated at approximately 2,500 square feet, including the main residence, a detached two-bedroom, one-bath cottage, and an additional detached one-room structure currently occupied. The detached cottage is built on a cement foundation and is fully powered and insulated with hardwood floors; it has served as office space, library, guest quarters, and temporary housing. The cottage is served by the same utility meter and may share an existing septic system, though buyers should verify all utility connections, permits, and legal uses.
The additional detached one-room structure has electricity and offers storage, office, or workshop potential, and may be used for rental depending on applicable regulations. The lot includes mature shade trees, a circular driveway, and ample parking. The property is zoned commercial, and buyers are encouraged to investigate zoning, permitted uses, and all property details with the City of Chico and Butte County.
For MLS purposes, total building area is estimated at approximately 2,500 square feet, including the main residence, a detached two-bedroom, one-bath cottage, and an additional detached one-room structure currently occupied. The detached cottage is built on a cement foundation and is fully powered and insulated with hardwood floors; it has served as office space, library, guest quarters, and temporary housing. The cottage is served by the same utility meter and may share an existing septic system, though buyers should verify all utility connections, permits, and legal uses.
The additional detached one-room structure has electricity and offers storage, office, or workshop potential, and may be used for rental depending on applicable regulations. The lot includes mature shade trees, a circular driveway, and ample parking. The property is zoned commercial, and buyers are encouraged to investigate zoning, permitted uses, and all property details with the City of Chico and Butte County.
Key Highlights
- Year built 1957 with private water service
- Front home is approx. 1,200 SF with 2 bedrooms and 1 bathroom; currently set up as office space but retains kitchen and bath
- Estimated total building area approx. 2,500 SF: main residence plus a detached 2‑bedroom, 1‑bath cottage and an additional detached one‑room structure
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $19.20 |
| − Vacancy | −$2.9k | −$1.15 |
| EGI | $45.1k | $18.05 |
| − OpEx | −$16.9k | −$6.77 |
| NOI | $28.2k | $11.28 |
2,500 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$402.9K
$352.5K – $470.0K
NOI $28,200 @ 7.0% cap · market cap 7.42%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Zoned commercial parcel on Highway 32 with a main residence configured as office plus two detached outbuildings.
Where is this live-work space 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: Year built 1957 with private water service; Front home is approx. 1,200 SF with 2 bedrooms and 1 bathroom; currently set up as office space but retains kitchen and bath; Estimated total building area approx. 2,500 SF: main residence plus a detached 2‑bedroom, 1‑bath cottage and an additional detached one‑room structure
