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Financial
Distress signals
Property profile

1215 Mangrove Ave Chico, CA 95926

FOR SALE
Office buildings
Property ID
US09-3068281
6,599 SF 0.21 ac lot Built 1978
Last sale Jan 2025 · $875,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 6,599-square-foot commercial building is located on Mangrove Avenue between 1st and 3rd Avenues. The property is arranged to support commercial use with tenant frontage that provides visibility for signage, along with ample on-site parking. It sits in a high-traffic commercial corridor near a commercial corner with surrounding national and regional tenants, including Dunn Edwards Paint, Great Harvest Bread, and Popeyes, and it offers convenient freeway access.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$632k
Assessed land$150k
Assessed improvement$482k
Effective rate1.11%

Value estimate

· Oct 2026
$1.04M
$936k – $1.14M
AI approach$980k
CAP approach$1.15M
Submarket $/SF estimate$686k
NOI build-up
Gross scheduled income$124k
Vacancy & credit loss−$7k
Operating expenses−$35k
NOI · 9.07% cap applied$82k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$168/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$104 – $228

Cap rate analysis

How does the asset earn?
9.07%
$82k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionBUTTE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.1
Carpet & Flooring Store9.6
Storage Facility9.2

Location

1215 Mangrove Ave Chico, CA 95926
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
568 Manzanita, Chico, CA 95926-1361 $880,000 Sep 2024 7,828 SF
605 We, Chico, CA 95926-7201 $2,145,000 Jul 2024 9,492 SF
1209 Esplanade, Chico, CA 95926-3397 $950,000 Jul 2024 5,944 SF
376 Vallombrosa, Chico, CA 95926-3900 $900,000 May 2024 6,128 SF
686 Rio Lindo, Chico, CA 95926-1818 $665,000 May 2024 6,239 SF
1351 Esplanade, Chico, CA 95926-4900 $1,075,000 Apr 2024 5,337 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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