Property profile

1824 Esplanade Chico, CA 95926

OFF-MARKET
Office buildings
Property ID
US09-2972541
1,018 SF 0.16 ac lot Built 1934
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Chico, CA commercial property, located at 1824 Esplanade, presents a unique investment opportunity. The single-story, approximately 1,318 square foot building boasts a functional layout ideal for executive office use. Features include three private offices, open work areas perfect for collaboration, a convenient kitchen, and a restroom. Recently updated with fresh paint, new flooring, and a newer roof, the space is both modern and inviting. The property also includes a separate residential tiny home and a storage shed, each with its own address, adding significant value and versatility. All three units are currently occupied by tenants. Situated on a 6,750 square foot lot, this Class B property enjoys excellent visibility on the Esplanade, surrounded by established businesses such as Big Al's and the Matador Hotel, and in close proximity to Enloe Medical Center. Its prime location offers easy access to downtown Chico's attractions, Bidwell Park, and Highway 99, ensuring high pedestrian, bicycle, and vehicle traffic. This three-building complex provides a compelling blend of commercial and residential income potential, making it an attractive investment in a thriving Chico neighborhood. The asking price is $345,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1934
Construction WOOD
Total area 1,018 SF
Lot 0.16 ac (6,969 SF)
Zoning code C1
APN 003-391-010-000
UPID US09-2972541

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
  • Property Management Company
  • Real Estate Agency
  • Real Estate Agency
  • Interior Design

Location

1824 Esplanade Chico, CA 95926-2312
Chico metro Census 700 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
Last sale
$280,000
1 recorded transaction
2025
$280,000

Zoning & alternative use

C1 · Chico, CA

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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