Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1215 Mangrove Chico, CA 95926

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $935,000

    Well-maintained, fully leased commercial building in a high-traffic location.

    Type:Commercial
    Property size:
    6,599 SF
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 4:32 pm

    Property Features for 1215 Mangrove

    General Information

    Standard status
    Active
    Size
    6,599 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Kimberly Shaffer
    Kimberly Shaffer

    Listing agent Kimberly Shaffer License #01415693

    Listing office Century 21 Select Real Estate, Inc.

    Listing date Apr 24, 2026

    Source Elliman

    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.

    Overview

    Mangrove Avenue Commercial Building For Sale

    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.
    Location Intelligence

    Current Use by Public Records

    A Prevention Education Program Corporate Office Backyard Solutions (Bike/Boat/Book/etc) Store Any Wind Publishing Publishing House

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Chico Florist — 1600 Mangrove Ave #145, Chico, CA 95926

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8390479
    Latitude
    39.7421583

    Nearby Similar for Sale

    • $800,000
      2,618 SF

      Chico Office with Residential Potential

      Victorian office near downtown, hospital, and Chico High School.
      1339 Esplanade, Chico, CA 95926
      View Details
    • $815,000
      3,000 SF

      Professional Office Building Investment Opportunity

      Two-unit office building with long-term leases in place.
      2535 Ceanothus, Chico, CA 95973
      View Details
    • $335,000
      2,799 SF

      Professional Office Building in Chico

      Well-maintained office building suitable for owner-users or investors.
      19 Williamsburg, Chico, CA 95926
      View Details
    • $350,000
      11,170 SF

      Motorsports Business Opportunity in Chico

      Established motorsports business with high visibility location and functional layout.
      1538 Park, Chico, CA 95928
      View Details
    • $1,200,000
      11,170 SF

      Commercial Property on Park Avenue

      Highly visible commercial property suitable for retail, service, and warehouse uses.
      1538 Park, Chico, CA 95928
      View Details
    • $280,000
      1,869 SF

      Immaculate Office Building in Chico

      Pristine commercial office building in desirable Stonebridge Plaza.
      13 Williamsburg, Chico, CA 95926
      View Details
    • $849,000
      5,512 SF

      Chico Quadplex Near University

      Quadplex near Chico State and Enloe Hospital.
      131 W 3rd, Chico, CA 95926
      View Details
    • $899,000
      2,755 SF

      Chico Investment Opportunity with Airbnb Potential

      Two homes on a corner lot, currently successful Airbnbs.
      1050 Esplanade, Chico, CA 95926
      View Details
    • $273,400
      1,380 SF

      Chico Medical/Professional Office Suite

      Well-located 1,380 SF office suite near HWY99 and East Avenue.
      392 Connors Court, Chico, CA 95926
      View Details
    • $995,000
      16,722 SF

      Versatile Chico Commercial Facility

      15,000 sq ft church with duplex on 2.3 acres.
      355 Panama, Chico, CA 95973
      View Details
    • $260,000
      900 SF

      Chico Commercial Property For Sale

      Well-kept commercial property with remodeled interior and high visibility.
      1330 Mangrove, Chico, CA 95926
      View Details
    • $365,000
      1,302 SF

      Two Homes on One Lot

      Two homes on one lot near Downtown Chico.
      1012 Poppy Street, Chico, CA 95928
      View Details

    FAQs

    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 $935,000.
    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.
    (530) 345-6618
    We can help!
    Listing Contact
    Kimberly Shaffer
    Kimberly Shaffer
    Real Estate License ID: 01415693
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!