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 Market80
Property Features for 650 MANGROVE AVE
General Information
Standard status
Active
Size
21,825 SF
Property subtype
Retail
Listing Agency:
CBRE - Sacramento
(916) 446-8273
Listed By:
Jason Read · License #CA 01341972
Source:
Crexi
Added: May 12
Changed: Jul 10
Last Checked: Jul 30 at 1:50PM
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.
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 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 |
21,825 SF · lease $18.72/SF/yr · vacancy 5.60% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,335
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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
