Retail Building Near Busy
For Sale
Contact for pricing
650 MANGROVE AVE, Chico, CA 95926
Stand-alone retail building near a high-traffic Chipotle.
Property Size21,825 SF
Price / SF$160.37
Days on Market158
Property Features for 650 MANGROVE AVE
General Information
Standard status
Active
Size
21,825 SF
Property subtype
Retail
Building Details
Units
1
Listing Agency:
CBRE - Sacramento
Listed By:
Jason Read · License #CA 01341972
(916) 446-8273
Source:
Crexi
Added: May 12
Changed: Oct 3
Last Checked: Oct 14 at 8:40PM
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 CBRE - Sacramento
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This stand-alone retail building is located adjacent to a busy Chipotle, which recorded 179,000 visits in 2025 according to Placer.ai. The property offers a unique opportunity to capture the college student market and the regional tri-county area. Monument signage is available. The property size is 21825 square feet.
Key Highlights
- Stand alone retail building
- Busy Chipotle located adjacent to the property (179K visits in 2025 per Placer.ai)
- Unique opportunity to capture the college student market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$269,979
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,399,580
$5.4M
Cap Rate 7%
$3,856,843
$3.9M
Cap Rate 9%
$2,999,767
$3.0M
Market Conditions
NOI Build-Up for 21,825 SF
Gross rent
$408.6K $18.72/SF
− Vacancy
−$22.9K −$1.05/SF
EGI
$385.7K $17.67/SF
− OpEx
−$115.7K −$5.30/SF
NOI
$270.0K $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%
$5,399,580
Cap Rate 7%
$3,856,843
Cap Rate 9%
$2,999,767
Alternative Uses
Best Use
Retail
$3.86M
$3.37M – $4.50M
NOI $269,979 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.41M
$3.86M – $5.14M
NOI $308,464 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,913
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Retail space - Stand-alone retail building near a high-traffic Chipotle.
Where is this retail space located?
The property is located at 650 MANGROVE AVE Chico, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Stand alone retail building; Busy Chipotle located adjacent to the property (179K visits in 2025 per Placer.ai); Unique opportunity to capture the college student market
