Office Building on Mangrove
1351 Mangrove Ave Chico, CA 95926
1351 Mangrove Ave, Chico, CA, 95926
$650,000
For Sale
$650,000
5,038 SF office building suitable for owner/user.
Property Size5,038 SF
Lot Size0.23 Acres
Price / SF$129.02
Days on Market133
Property Features for 1351 Mangrove Ave
General Information
- Standard status
- Active
- Size
- 5,038 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
Capital Rivers Commercial Inc
(530) 343-3733
Listed by
Carrie Welch · License #01926238
(530) 343-3733
Source
Elliman
Added: Mar 11 Updated: Jul 6 at 10:57AM Checked: Jul 21 at 6:13AM
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 Capital Rivers Commercial Inc
Investment Insights
Based on property information with market context.
The property is a 5,038 square foot office building located on Mangrove Avenue. It features approximately 75 feet of frontage and on-site parking. The building is currently configured as two suites but can be combined for single-tenant use. Suite A includes eleven private offices, a break room, storage space, and restrooms. Suite B features a reception area, eight offices, storage space, and restrooms. This property presents an opportunity for an owner/user to occupy one suite and lease the other, or to utilize the entire building.
Key Highlights
- ±5,038 SF office building with ~75’ of frontage and on‑site parking.
- Configured as two suites, offering flexibility for single or multi‑tenant use.
- Great owner/user opportunity: occupy one suite and lease the other.
Local Financial Insights For Office B
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 | $74.4k | $14.76 |
| − Vacancy | −$3.3k | −$0.65 |
| EGI | $71.1k | $14.11 |
| − OpEx | −$17.8k | −$3.53 |
| NOI | $53.3k | $10.58 |
5,038 SF · lease $14.76/SF/yr · vacancy 4.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$761.7K
$666.5K – $888.6K
NOI $53,317 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$890.1K – $1.19M
NOI $71,205 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Steel Builder
Construction Company
June Gnass, MA, ...
Physician
Wendy's Massage Chico
Alternative Medicine Practice
Healing Touch Massage
Alternative Medicine Practice
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FAQs
What type of property is this?
Office building - 5,038 SF office building suitable for owner/user.
Where is this office building located?
The property is located at 1351 Mangrove Ave Chico, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: ±5,038 SF office building with ~75’ of frontage and on‑site parking.; Configured as two suites, offering flexibility for single or multi‑tenant use.; Great owner/user opportunity: occupy one suite and lease the other.
