Corner Restaurant
For Sale
$1,175,000
2995 Esplanade, Chico, CA 95973
Improved restaurant interior with dining, bar, patio, private dining, restrooms, storage, tall ceilings, and abundant windows.
Property Size4,812 SF
Days on Market52
Property Features for 2995 Esplanade
General Information
Standard status
Active
Size
4,812 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Patio
Yes
Amenities
open dining areas
bar
small patio
private dining room
private restrooms
storage
Building Details
Building Size
4,812 SF
Listing Agency:
Harris Commercial Real Estate
Listed By:
Calen Chapman · License #02002193
(530) 514-3034
Source:
Homesbyupside
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 4:28PM
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 Harris Commercial Real Estate
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Investment Insights
Based on property information with market context.
Restaurant space at 2995 Esplanade within the Shasta Plaza retail center. The interior includes open dining areas, a bar, small patio, private dining room, private restrooms, and storage. Tall ceilings, abundant windows, and professional finishes contribute to the completed interior configuration.
The property occupies a hard-corner position with easy access and ample parking. Dense residential neighborhoods surround the center, with approximately 66,000 residents within a 3-mile radius. A separately metered adjacent space is occupied by a long-term professional salon tenant.
The property occupies a hard-corner position with easy access and ample parking. Dense residential neighborhoods surround the center, with approximately 66,000 residents within a 3-mile radius. A separately metered adjacent space is occupied by a long-term professional salon tenant.
Key Highlights
- Hard‑corner restaurant location at 2995 Esplanade in Shasta Plaza
- Approximately 66,000 residents within a 3‑mile radius
- Open dining areas, bar, small patio, and private dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,777
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,540
$1.3M
Cap Rate 7%
$911,100
$911.1K
Cap Rate 9%
$708,633
$708.6K
Market Conditions
NOI Build-Up for 4,812 SF
Gross rent
$90.1K $18.72/SF
− Vacancy
−$5.0K −$1.05/SF
EGI
$85.0K $17.67/SF
− OpEx
−$21.3K −$4.42/SF
NOI
$63.8K $13.25/SF
Area
Chico, CA
Vacancy
5.60%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,540
Cap Rate 7%
$911,100
Cap Rate 9%
$708,633
Alternative Uses
Best Use
Specialty Retail
$911.1K
$797.2K – $1.06M
NOI $63,777 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$850.4K
$744.1K – $992.1K
NOI $59,525 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$971.6K
$850.1K – $1.13M
NOI $68,010 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Improved restaurant interior with dining, bar, patio, private dining, restrooms, storage, tall ceilings, and abundant windows.
Where is this conventional restaurant located?
The property is located at 2995 Esplanade Chico, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Hard‑corner restaurant location at 2995 Esplanade in Shasta Plaza; Approximately 66,000 residents within a 3‑mile radius; Open dining areas, bar, small patio, and private dining room
