Chico Automotive Retail
For Sale
Contact for pricing
1555 Mangrove Ave, Chico, CA 95926
Automotive retail property available for sale in Chico, California.
Property Size18,196 SF
Price / SF$157.84
Days on Market225
Property Features for 1555 Mangrove Ave
General Information
Standard status
Active
Size
18,196 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Value Add
Net Operating Income
$172,354
Building Details
Year Built
1996
Buildings
1
Stories
11
Tenancy
Single
Listing Agency:
Hanley Investment Group
Listed By:
Lee Csenar · License #CA 01858335
Source:
Crexi
Added: Feb 23
Changed: Sep 28
Last Checked: Oct 5 at 4:02PM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
This commercial property, comprising 18,196 square feet, is located in Chico, California. The property is suitable for auto shops, automotive businesses, retail spaces, and general commercial real estate purposes.
Key Highlights
- Access to Full Offering Memorandum via provided link.
- Built in 1996.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,088
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,501,760
$4.5M
Cap Rate 7%
$3,215,543
$3.2M
Cap Rate 9%
$2,500,978
$2.5M
Market Conditions
NOI Build-Up for 18,196 SF
Gross rent
$340.6K $18.72/SF
− Vacancy
−$19.1K −$1.05/SF
EGI
$321.6K $17.67/SF
− OpEx
−$96.5K −$5.30/SF
NOI
$225.1K $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%
$4,501,760
Cap Rate 7%
$3,215,543
Cap Rate 9%
$2,500,978
Alternative Uses
Best Use
Retail
$3.22M
$2.81M – $3.75M
NOI $225,088 @ 7.0% cap · market cap 7.84%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,796 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$3.67M
$3.21M – $4.29M
NOI $257,173 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,197
Businesses Nearby
Well-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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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive retail property available for sale in Chico, California.
Where is this auto shop located?
The property is located at 1555 Mangrove Ave Chico, CA.
What is the asking price?
The asking price for this property is $2,872,000.
What are key features of this property?
This property features: Access to Full Offering Memorandum via provided link.; Built in 1996.
