Mangrove Avenue Commercial Building For
For Sale
$899,950
1215 Mangrove, Chico, CA 95926
Well-maintained, fully leased commercial building in a high-traffic location.
Property Size6,599 SF
Price / SF$136.38
Days on Market166
Property Features for 1215 Mangrove
General Information
Standard status
Active
Size
6,599 SF
Building Details
Year Built
1978
Listing Agency:
Century 21 Select Real Estate, Inc.
Listed By:
Kimberly Shaffer · License #01415693
(530) 345-6618
Source:
Myfabuloushome
Added: Apr 24
Changed: Sep 15
Last Checked: Oct 5 at 10:47PM
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
Estimated NOI and Cap Rate
NOI / Yr
$81,631
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,632,620
$1.6M
Cap Rate 7%
$1,166,157
$1.2M
Cap Rate 9%
$907,011
$907.0K
Market Conditions
NOI Build-Up for 6,599 SF
Gross rent
$123.5K $18.72/SF
− Vacancy
−$6.9K −$1.05/SF
EGI
$116.6K $17.67/SF
− OpEx
−$35.0K −$5.30/SF
NOI
$81.6K $12.37/SF
Area
Chico, CA
Vacancy
5.60%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,632,620
Cap Rate 7%
$1,166,157
Cap Rate 9%
$907,011
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,747
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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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.
