New search
Property profile & analytics
FOR SALE
Retail space
1351 Mangrove Ave Chico, CA 95926
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2985999
For Sale
1 / 3
$650,000
1351 Mangrove Ave, Chico, CA 95926
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
TILT-UP CONCRETE
Total area
5,038 SF
Lot
0.23 ac (10,018 SF)
APN
003-444-054-000
UPID
US10-2985999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Steel Builder Construction Company
-
June Gnass, MA, RDN, CDE Physician
-
Wendy's Massage Chico Alternative Medicine Practice Spa & Massage Center
-
Healing Touch Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$815k
Owner & transaction history
Curutchet,jean & Mary E Trust · 5 yrs held
Curutchet,jean & Mary E Trust
since 2020
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chico submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$540,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,160,000
Current use
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $875k (Nov 18 2020)
Last sale anchor
$875k
Nov 18 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$162 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,721
Tax year 2024
Assessed value
$790,000
Assessed 2024
Previous assessed
$790,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$200,000
Assessed improvement
$590,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1978
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,038 SF
Lot
0.23 ac (10,018 SF)
APN
003-444-054-000
UPID
US10-2985999
Jurisdiction
BUTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Curutchet,jean & Mary E Trust
Trust
Mailing address
126 ARROYO DR, SOUTH SAN FRANCISCO, CA 94080-3128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
—
Curutchet,jean & Mary E Trust
Jean Curutchet
Quit Claim Deed
related
—
Dec 2, 2005
$875,000
Jean Curutchet
Koch Max & Lois Trust
Grant Deed
$250,000 · Koch Max & Lois Trust
Nov 19, 2004
—
Joseph Stuart
Stuart,karen L
Quit Claim Deed
related
—
Nov 19, 2004
$242,500
Koch Max & Lois Trust
Stuart,joseph
Grant Deed
related
—
Apr 23, 2004
—
James Stuart
Cape Cod Partnership
Grant Deed
related
—
May 11, 2000
$95,500
Cape Cod Partnership
Carver,d M
Grant Deed
—
Jul 2, 1999
$268,500
D M Carver
Laffins,thomas R & Gayle
Grant Deed
$238,500 · Seller
—
—
Cape Cod Partnership
—
Deed Of Trust
related
$38,000 · Brantley Trust
—
—
Cape Cod Partnership
—
Deed Of Trust
related
$23,000 · Brantley Trust
—
—
Cape Cod Partnership
—
Deed Of Trust
related
$80,000 · Brantley Trust
—
—
Cape Cod Partnership
—
Deed Of Trust
related
$193,000 · Brandley Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
