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Property profile & analytics
OFF-MARKET
Office buildings

1824 Esplanade Chico, CA 95926-2312

1,018 SF 0.16 ac lot Built 1934
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2972541
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Alliance Real Estate Management Property Management Company
  • PowerWest Properties, Inc. Real Estate Agency
  • Travis Whitehead Realty Real Estate Agency
  • Chico Indoor Plants Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Valley Oak Capital LLC · 1 yrs held
Valley Oak Capital LLC
since 2025
Last sale
$280,000
1 recorded transaction
2025
$280,000
Zoning & alternative use
C1 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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