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Property profile & analytics
FOR LEASE
Apartment buildings

1990 Belgium Ave Chico, CA 95928

51,805 SF 2.5 ac lot Built 2023
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US09-4599536
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • B20 Senior Apartments Real Estate Agency
  • Rione Italian Restaurant Restaurant
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
K&m Butte Developers LLC · 2 yrs held
K&m Butte Developers LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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