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    Property profile & analytics
    OFF-MARKET Estimated value $910,000
    Gas stations

    1625 Mangrove Ave, Chico, CA 95926-2647

    4,000 SF 0.49 ac lot Built 1999
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-0910211
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • ATM (Eric's Car Wash) Car Wash
    • Eric's Car Wash Car Wash
    • Professional Detail Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $970k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.02M
    Blend (final) Blend
    $910k
    Owner & transaction history
    Kalkat INC · 2 yrs held
    Kalkat INC
    since 2023
    Last sale
    $875,000
    7 recorded transactions
    2025
    2023
    $875,000
    2017
    1999
    $120,000
    1997
    1994
    1969
    Zoning & alternative use
    C1 · Chico, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.1M +78.2%
    Retail stores $920,000 +46.2%
    Office building $670,000 +6.6%
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