Property profile

1625 Mangrove Ave Chico, CA 95926

FOR LEASE
Gas stations
Property ID
US09-0910211
4,000 SF 0.49 ac lot Built 1999
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,000-square-foot executive office space in Chico, CA, presents a unique investment opportunity. Located at 1625 Mangrove Ave, between 6th & 7th Ave, this single-tenant property boasts a prime location within a newly renovated gas station and car wash complex. The building, constructed in 1999 and extensively renovated in 2024, offers high visibility from Mangrove Avenue, situated next to established businesses like Cozy Dinner, O'Reilly's Auto Parts, and Pep Boys. This Class C building features one story and is situated on a single lot (APN: 003413029000) in Butte County. The entire 2,000 square feet is currently vacant and available for immediate occupancy. Tenant improvements may be available for qualified tenants. The modified gross lease structure simplifies occupancy costs, offering a predictable and convenient lease arrangement. This property's strategic location within a high-traffic area, coupled with the added draw of a new car wash and modern gas pumps, presents a significant opportunity for businesses seeking high visibility and consistent customer flow. The property is ideal for a variety of retail uses, capitalizing on the foot traffic generated by the gas station and car wash. This is a rare chance to secure a thriving location in a busy Chico commercial corridor.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION WITH FOOD MART
Year built 1999
Construction WOOD
Total area 4,000 SF
Lot 0.49 ac (21,344 SF)
Zoning code C1
APN 003-413-029-000
UPID US09-0910211

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash
  • Car Wash
  • Car Wash

Location

1625 Mangrove Ave Chico, CA 95926
Chico metro Census 700 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$970k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.21M

Owner & transaction history

since 2023
Last sale
$875,000
7 recorded transactions
2025
Price N/A
2023
$875,000
2017
Price N/A
1999
$120,000
1997
Price N/A
1994
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · Chico, CA
Top alternative use upside
Commercial (general) $1.1M +78.2%
Retail stores $920,000 +46.2%
Office building $670,000 +6.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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