Office Building on Mangrove Avenue

1351 Mangrove Ave, Chico, CA 95926

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For Sale

$650,000

5,038 SF office building suitable for owner/user.

Type:Commercial

Property size:

5,038 SF

Lot size:

0.23 Acres

Price / SF:

$129/SF

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.
Suite A: eleven private offices, break room, storage, and restrooms.
Suite B: reception, eight offices, storage, and restrooms.
Built in 1978.

We can help!

Contact an agent

Carrie Welch

For Sale

$650,000

5,038 SF office building suitable for owner/user.

Type:Commercial

Property size:

5,038 SF

Lot size:

0.23 Acres

Price / SF:

$129/SF

Added:: Mar 11, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 12:59 pm

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

We can help!

Contact an agent

Carrie Welch

Listing office Capital Rivers Commercial Inc

Listing date Mar 11, 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 Capital Rivers Commercial Inc

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.
Suite A: eleven private offices, break room, storage, and restrooms.
Suite B: reception, eight offices, storage, and restrooms.
Built in 1978.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $71,205 @ 7.0% cap · market cap 10.95%

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

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

Suggested Use

Location Insight

Map
Local Demand

City: Chico
County: Butte
State: California
Longitude: -121.84
Latitude: 39.7441

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For sale
Office buildings
CA
Chico
95926
1351 Mangrove Ave

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.