Technical
Financial
Distress signals
Property profile

2760 Esplanade Chico, CA 95973

OFF-MARKET
Retail space
Property ID
US09-2758266
14,312 SF 1.28 ac lot Built 2009
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,502 square foot retail space, built in 2009, is ideally situated within Lassen View Promenade, a thriving Chico neighborhood retail center. The single-tenant property boasts a prominent location alongside established businesses such as CVS, Domino's Pizza, and Great Harvest Bread, ensuring high visibility and foot traffic. The space is perfectly configured for a restaurant, featuring a spacious dining area with seating for up to 82 patrons, a separate bar area accommodating 28, and a substantial 1,050 square foot outdoor patio with additional seating for approximately 40. A fully equipped kitchen, office space, and ample storage are included. The property sits on a 1.28-acre lot and is a one-story building. The Butte County property (APN: 006044012000) is offered as a net lease (NNN), with an estimated cost of approximately $0.62 per square foot. Existing furniture, fixtures, and equipment (FF&E) may be available for purchase; details to be determined. This turnkey opportunity presents a unique chance to establish or expand a successful restaurant business in a high-demand location. The property's size, amenities, and prime location within a successful retail center make it an exceptional investment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2009
Construction WOOD
Total area 14,312 SF
Lot 1.28 ac (55,756 SF)
Zoning code CC
APN 006-044-012-000
UPID US09-2758266

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
  • Take-out & Catering
  • Financial Advisor
  • Loan Service Bank
  • Loan Service Bank
  • Gym & Fitness Center Spa & Massage Center

Location

2760 Esplanade Chico, CA 95973-1116
Chico metro Census 300 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.73M
Comparable Approach Comparable
$3.35M
Blend (final) Blend
$2.61M

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2019
Price N/A
2017
Price N/A

Zoning & alternative use

CC · Chico, CA
Zoning description

CC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixed Use (CMU) (6 to 22 units per gross acre CS Commercial Services Commercial Services (C…

General category MIXED_USE
Top alternative use upside
Commercial (general) $4.0M +83.2%
Apartment house (5+ units) $2.8M +28.9%
Office building $2.2M +1.2%

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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