Three-Unit Retail
New
For Sale
$1,200,000
21 E Gridley Rd, Gridley, CA 95948
Three distinct suites have private restrooms and open interiors ready for tenant improvements.
Property Size3,002 SF
Lot Size0.32 Acres
Price / SF$399.73
Days on Market3
Property Features for 21 E Gridley Rd
General Information
Standard status
Active
Size
3,002 SF
Class
C
Lot size
0.32 Acres
Property subtype
Retail - Street Retail
Zoning
C-2 Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
3,002 SF
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Abandoned
No
Listing Agency:
Helm Properties
Listed By:
Jeffrey Helm · License #01428618
(530) 329-8336
Source:
Commercialcafe
Added: Oct 7
Last Checked: Oct 7 at 2:22PM
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 Helm Properties
Investment Insights
Based on property information with market context.
This single-story retail building contains three suites totaling approximately 3,002 SF on a 0.316-acre corner parcel. Each unit has a restroom and an open-plan interior delivered in shell condition, allowing for tenant improvements. The building was described as built in 2019 in the property remarks; a separate year-built field lists 2026, so no construction year is stated here.
The property sits at the signalized intersection of East Gridley Road and Golden State Highway (Highway 99), with paved on-site parking. Nearby retail anchors include Rite Aid, Safeway, 7-Eleven, and Casa Lupe Market, Bakery & Taqueria. Orchard Hospital and Manuel Vierra Municipal Park are also nearby. The property is zoned C-2 Commercial.
The property sits at the signalized intersection of East Gridley Road and Golden State Highway (Highway 99), with paved on-site parking. Nearby retail anchors include Rite Aid, Safeway, 7-Eleven, and Casa Lupe Market, Bakery & Taqueria. Orchard Hospital and Manuel Vierra Municipal Park are also nearby. The property is zoned C-2 Commercial.
Key Highlights
- ±3,002 SF building on a ±0.316‑acre corner lot
- Three suites: ±980 SF, ±1,042 SF, and ±980 SF
- Private restroom and open floor plan in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,120
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,402,400
$1.4M
Cap Rate 7%
$1,001,714
$1.0M
Cap Rate 9%
$779,111
$779.1K
Market Conditions
NOI Build-Up for 3,002 SF
Gross rent
$111.7K $37.20/SF
− Vacancy
−$11.5K −$3.83/SF
EGI
$100.2K $33.37/SF
− OpEx
−$30.1K −$10.01/SF
NOI
$70.1K $23.36/SF
Area
Butte County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,402,400
Cap Rate 7%
$1,001,714
Cap Rate 9%
$779,111
Alternative Uses
Best Use
Retail
$1.00M
$876.5K – $1.17M
NOI $70,120 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,671 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
196k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 38%
Groceries 15%
Home Improvements & Furnishings 4%
Safeway
Groceries
21,676 visits/mo
0.0 miles
Fastrip
Shops & Services
21,507 visits/mo
0.3 miles
McDonald's
Dining
20,905 visits/mo
0.2 miles
ARCO
Shops & Services
15,460 visits/mo
0.2 miles
Starbucks
Dining
13,271 visits/mo
0.2 miles
Demographics for 95948, CA
11,603
Population
4,149
Households
2.8
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
75.6 sq mi
ZIP Area
153
Density / Sq Mi
$60,759
Median Household Income
$39,905
Median Earnings
$1,162
Median Rent
$343,500
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Three distinct suites have private restrooms and open interiors ready for tenant improvements.
Where is this storefront property located?
The property is located at 21 E Gridley Rd Gridley, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: ±3,002 SF building on a ±0.316‑acre corner lot; Three suites: ±980 SF, ±1,042 SF, and ±980 SF; Private restroom and open floor plan in each unit
