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    1215 Mangrove Ave Chico, CA 95926

    Sponsored
    For Sale
    $975,000

    High-yield retail property, fully leased.

    Property size:
    6,599 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial investment opportunity presents a fully leased storefront property located at 1215 Mangrove Avenue in Chico, California. The property boasts a total of 6,599 square feet, divided into three individual commercial units, all currently under lease. Built in 1978, this single-story building sits on a 9,148 square foot lot (APN: 003451021000) and offers a compelling 6.75% capitalization rate. The asking price is $975,000, translating to a price per square foot of $148. Situated on a vibrant stretch of Mangrove Avenue between 1st and 3rd Avenues, this property benefits from exceptionally high traffic counts, exceeding 21,000 vehicles daily. The location is further enhanced by its proximity to successful businesses such as Great Harvest Bread, Popeyes Louisiana Kitchen, and Jiffy Lube, contributing to a thriving commercial environment. This property represents a strong investment opportunity with a stable income stream and significant potential for future growth. Tenants should not be disturbed.

    Property Features for 1215 Mangrove Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,599 SF

    Building Details

    Year Built
    1978
    Stories
    1
    Units
    3

    HighLights

    • Fully leased 6,599 SF storefront property in Chico, CA.
    • Three individual commercial units, all currently leased.
    • Located on a 9,148 SF lot (APN: 003451021000), built in 1978.
    • 6.75% capitalization rate, asking price $975,000 ($148/SF).
    • High‑traffic location on Mangrove Ave. (21,000+ VPD), near established businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Prevention Education Program Corporate Office Backyard Solutions Hot Tub Store Any Wind Publishing Publisher

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8391363
    Latitude
    39.7421118

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail property, fully leased.
    Where is this individual retail property located?
    The property is located at 1215 Mangrove Ave Chico, CA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Fully leased 6,599 SF storefront property in Chico, CA.; Three individual commercial units, all currently leased.; Located on a 9,148 SF lot (APN: 003451021000), built in 1978.
    Request Owner's contact information
    1215 Mangrove Ave Chico, CA 95926
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    Chico, CA 95926
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 Mangrove Ave Chico, CA 95926
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