7,500 SF Chico Investment
135 West 8th Avenue Chico, CA 95926
For Sale
$975,000
7,500 SF commercial building in Chico, CA for sale.
Property Size7,500 SF
Price / SF$130
Days on Market151
Property Features for 135 West 8th Avenue
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial Sale / Mixed Use
Building Details
Year Built
1985
Listing Agency:
Keller Williams Realty Chico Area
(530) 809-3700
Listed By:
Rob Haley · License #01952160
(530) 809-3700
Source:
Compass
Added: Feb 28
Changed: Jul 10
Last Checked: Jul 28 at 2:21PM
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 7,500 SF insulated metal building in Chico, CA, presents an investment opportunity. The building is divided into two 3,750 SF suites, each containing an office and a bathroom. The property is fully leased with long-term tenants. Guido’s Auto Precision has operated out of the rear suite since the building was constructed in 1985. Fusion Fitness occupies the front suite and has assigned parking. The building features a glass storefront on the street side and high visibility. Its location is just off the Esplanade in a commercial corridor.
Key Highlights
- Fully leased with long‑term tenants, providing immediate income.
- Located in a well‑established commercial corridor with high visibility.
- Two 3,750 SF suites offer flexibility.
Financial Insights For Mixed Use
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 | $144.0k | $19.20 |
| − Vacancy | −$8.6k | −$1.15 |
| EGI | $135.4k | $18.05 |
| − OpEx | −$50.8k | −$6.77 |
| NOI | $84.6k | $11.28 |
7,500 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,776 @ 7.0% cap · market cap 9.52%
Second Best
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,600 @ 7.0% cap · market cap 8.68%
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?
Mixed-use property - 7,500 SF commercial building in Chico, CA for sale.
Where is this mixed-use property located?
The property is located at 135 West 8th Avenue 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 with long‑term tenants, providing immediate income.; Located in a well‑established commercial corridor with high visibility.; Two 3,750 SF suites offer flexibility.
