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Property profile & analytics
FOR SALE
Office buildings
1050 Esplanade Chico, CA 95926
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2827355
For Sale
1 / 41
$799,000
1050 Esplanade, Chico, CA 95926
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
WOOD
Total area
540 SF
Lot
0.23 ac (10,018 SF)
Zoning code
OR
APN
003-104-001-000
UPID
US10-2827355
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
-
Eric Alan Berg and Associates Law Firm
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
Eric Alan Berg · 2 yrs held
Eric Alan Berg
since 2023
Last sale
$484,000
7 recorded transactions
Zoning & alternative use
OR · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chico submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,920
Tax year 2024
Assessed value
$535,000
Assessed 2024
Previous assessed
$535,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$200,000
Assessed improvement
$335,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1920
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
3
Total area
540 SF
Lot
0.23 ac (10,018 SF)
Zoning code
OR
APN
003-104-001-000
UPID
US10-2827355
Jurisdiction
BUTTE
Zoning & alternative use
OR · Chico, CA
Zoning OR · permitted uses
OR · Chico, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chico. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Eric Alan Berg
Individual
Mailing address
5000 BECHELLI LN STE #201, REDDING, CA 96002-3553
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
—
Eric Alan Berg
Eric Alan Berg
Intrafamily Transfer
related
—
Jun 25, 2008
$484,000
Eric Alan Berg
Janice Popper
Grant Deed
$269,000 · Golden Valley Bank
Feb 26, 2008
—
Janice Popper
Frost,beatrice
Grant Deed
related
—
Aug 4, 2005
$101,500
Beatrice Frost
Frost,beatrice
Grant Deed
related
—
Jan 25, 2000
—
Beatrice Frost
Frost,beatrice
Quit Claim Deed
related
$140,000 · Washington Mutual Fsb
Oct 14, 1993
—
Beatrice Frost
Frost,sherman
Quit Claim Deed
related
$110,000 · Great Western Bank
Feb 27, 1992
$160,000
Beatrice Frost
Kim,yung Soon Et
Grant Deed
—
Jul 18, 1991
—
Yung Soon Etal Kim
Kim,yung Soon Ss
Quit Claim Deed
related
—
Sep 1, 1980
$46,000
Sherman Frost
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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