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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Manufacturing properties
11128 Midway Chico, CA 95928-8240
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2921493
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
38,196 SF
Lot
4.47 ac (194,713 SF)
APN
040-310-087-000
UPID
US09-2921493
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
-
Proframe Construction, Inc. Construction Company
-
Oak Ridge Cabinets General Contractor Renovation Specialist
-
Oak Ridge Construction Construction Company
-
Freestyle Fitness Gym & Fitness Center
-
Patio Pros Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.88M
Owner & transaction history
Midway LLC · 18 yrs held
Midway LLC
since 2008
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
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
$19,449
Tax year 2024
Assessed value
$1,738,655
Assessed 2024
Previous assessed
$1,738,655
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$212,378
Assessed improvement
$1,526,277
Applied tax rate
62.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Total area
38,196 SF
Lot
4.47 ac (194,713 SF)
APN
040-310-087-000
UPID
US09-2921493
Jurisdiction
BUTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
4.47 ac
Current owner
From public records · entity-resolved
Midway LLC
Entity
Mailing address
2585 CEANOTHUS AVE STE #176, CHICO, CA 95973-8243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Midway LLC
—
Deed
related
$600,000 · Ronald L Caporale
Jul 15, 2016
—
Midway LLC
—
Deed
related
$256,000 · Tri Counties Bank
Jul 2, 2008
—
Midway LLC
Oak Ridge Properties LLC
Grant Deed
$915,000 · Butte Community Bank
Dec 30, 2003
—
Oak Ridge Properties LLC
Oak Ridge Properties LLC
Quit Claim Deed
related
$440,000 · Butte Community Bank
Nov 30, 2000
—
Oak Ridge Properties LLC
—
Grant Deed
related
$550,000 · Butte Community Bank
Sep 24, 1999
—
Oakridge Properties LLC
Bechhold,scott & Jodi
Quit Claim Deed
related
—
—
—
Midway LLC
—
Loan Modification
related
$1,001,286 · Tri Counties Bank
—
—
Midway LLC
—
Deed Of Trust
related
$256,000 · Tri Counties Bank
—
—
Oak Ridge Properties LLC
—
Deed Of Trust
related
$110,000 · Butte Community Bank
—
—
Oak Ridge Properties LLC
—
Deed Of Trust
related
$550,000 · Butte Community Bank
—
—
Oak Ridge Properties LLC
—
Deed Of Trust
related
$440,000 · Butte Community Bank
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.
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