Mangrove Avenue Commercial Building For
1215 Mangrove Chico, CA 95926
For Sale
$899,950
Well-maintained, fully leased commercial building in a high-traffic location.
Property Size6,599 SF
Price / SF$136.38
Days on Market97
Property Features for 1215 Mangrove
General Information
Standard status
Active
Size
6,599 SF
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
Century 21 Select Real Estate, Inc.
(530) 345-6618
Listed By:
Kimberly Shaffer · License #01415693
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Select Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 6,599 square foot commercial building is located on Mangrove Avenue between 1st and 3rd Avenues. The property is situated in one of Chico’s most active commercial corridors and benefits from a location with high daily traffic, exceeding 20,000 cars. The area features strong national and regional neighbors, including Dunn Edwards Paint, Great Harvest Bread, and Popeyes. The building is fully leased, providing immediate and stable income. Tenant signage visibility is excellent, and ample on-site parking is available. The location offers easy freeway access. The property has a bike score of 75, indicating it is very bikeable, and a walk score of 87, indicating it is very walkable. This property is a solid, long-term commercial investment.
Key Highlights
- Fully leased 6,599 sq ft commercial building providing immediate and stable income.
- High‑traffic location on Mangrove Avenue with over 20,000 cars daily.
- Prime location in an active commercial corridor with strong national and regional neighbors.
Financial Insights For Retail
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 | $123.5k | $18.72 |
| − Vacancy | −$6.9k | −$1.05 |
| EGI | $116.6k | $17.67 |
| − OpEx | −$35.0k | −$5.30 |
| NOI | $81.6k | $12.37 |
6,599 SF · lease $18.72/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,631 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,267 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Camellia Florist & Flower Delivery Chico CA — 352 Camellia Way, Chico, CA 95928
- Bloose Flower Delivery Chico CA — 752 Buttonwillow Ln, Chico, CA 95926
- Chico Florist — 1600 Mangrove Ave #145, Chico, CA 95926
Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained, fully leased commercial building in a high-traffic location.
Where is this storefront property located?
The property is located at 1215 Mangrove Chico, CA.
What is the asking price?
The asking price for this property is $899,950.
What are key features of this property?
This property features: Fully leased 6,599 sq ft commercial building providing immediate and stable income.; High‑traffic location on Mangrove Avenue with over 20,000 cars daily.; Prime location in an active commercial corridor with strong national and regional neighbors.
