650 MANGROVE AVE Chico, CA 95926
Stand-alone retail building near a high-traffic Chipotle.
- Added:
- May 12, 2026
- Days on Market:
- 61
- Last Refresh:
- Jul 4 at 10:08 pm
Property Features for 650 MANGROVE AVE
General Information
- Standard status
- Active
- Size
- 21,825 SF
- Property subtype
- Retail
Listing office CBRE - Sacramento (916) 446-8273
Listing date May 12, 2026
Source Crexi
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
Investment Insights
Based on property information with market context.
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $408.6k | $18.72 |
| − Vacancy | −$22.9k | −$1.05 |
| EGI | $385.7k | $17.67 |
| − OpEx | −$115.7k | −$5.30 |
| NOI | $270.0k | $12.37 |
