Chico Investment Opportunity For
135 W 8th Chico, CA 95926
For Sale
$975,000
7,500 SF metal building with long-term tenants in Chico.
Property Size7,500 SF
Price / SF$130
Days on Market71
Property Features for 135 W 8th
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Keller Williams Realty Chico Area
(530) 809-3482
Listed By:
Rob Haley · License #01952160
(530) 809-3482
Source:
Elliman
Added: May 20
Changed: Jul 10
Last Checked: Jul 29 at 11:02AM
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 Keller Williams Realty Chico Area
Investment Insights
Based on property information with market context.
This insulated 7,500 SF metal building in Chico, CA, presents an investment opportunity. The property is divided into two 3,750 SF suites, each containing an office and a bathroom. The building is fully leased with long-term tenants. Guido’s Auto Precision has operated out of the rear suite since 1985 and intends to continue operating there. Fusion Fitness occupies the front suite and has assigned parking. The building features a glass storefront street side and high visibility. Its location is just off the Esplanade, in a well-established commercial corridor. The property has a bike score of 77, indicating it is very bikeable, and a walk score of 66, indicating it is somewhat walkable.
Key Highlights
- Fully leased 7,500 SF metal building provides immediate income.
- Long‑term tenant (Guido’s Auto Precision) in place since 1985.
- Excellent investment or 1031 exchange opportunity.
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 | $110.7k | $14.76 |
| − Vacancy | −$4.9k | −$0.65 |
| EGI | $105.8k | $14.11 |
| − OpEx | −$26.5k | −$3.53 |
| NOI | $79.4k | $10.58 |
7,500 SF · lease $14.76/SF/yr · vacancy 4.40% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,776 @ 7.0% cap · market cap 9.52%
Second Best
Office B
$1.13M
$992.2K – $1.32M
NOI $79,372 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,001 @ 7.0% cap · market cap 10.87%
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?
1031 exchange property - 7,500 SF metal building with long-term tenants in Chico.
Where is this 1031 exchange property located?
The property is located at 135 W 8th Chico, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Fully leased 7,500 SF metal building provides immediate income.; Long‑term tenant (Guido’s Auto Precision) in place since 1985.; Excellent investment or 1031 exchange opportunity.
