Technical
Financial
Distress signals
Property profile

1990 Belgium Ave Chico, CA 95928

FOR LEASE
Apartment buildings
Property ID
US09-4599536
51,805 SF 2.5 ac lot Built 2023
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,274-square-foot retail space, located at 1990 Belgium Avenue in Chico, California, presents a unique opportunity for businesses seeking a prominent location. The property is a newly constructed Class A single-tenant suite within the B20 mixed-use development, a vibrant complex that includes 60 senior apartments and established businesses such as the Rione Restaurant. The suite boasts ample on-site parking for both tenants and customers, ensuring convenient access and high visibility. Situated at the intersection of Bruce Road and Belgium Avenue, this location offers excellent exposure to high traffic volume. The entire 3,274 square feet is currently vacant and ready for immediate occupancy, allowing for complete customization to suit your specific business needs. The property is located in Butte County, California, and has a Chico, CA 95928 zip code. This is a rare opportunity to establish your business in a thriving, well-established mixed-use development with significant foot traffic and convenient amenities. The property's Class A designation reflects its high-quality construction and modern features. This space is ideal for a variety of retail businesses seeking a prime location in a rapidly growing area.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2023
Construction WOOD
Total area 51,805 SF
Lot 2.5 ac (108,900 SF)
Zoning code CN
APN 018-390-021-000
UPID US09-4599536

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
  • Real Estate Agency
  • Restaurant

Location

1990 Belgium Ave Chico, CA 95928
Chico metro Census 901 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2024
Last sale
$463,000
7 recorded transactions
2024
$463,000
2021
$1.8M
2021
Price N/A
2015
$1.3M
2008
$1.2M
2002
$471,000
2000
Price N/A

Zoning & alternative use

CN · Chico, CA
Zoning description

CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 units per gross acre) CC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixe…

General category MIXED_USE

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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