Back to Search
Property profile & analytics
FOR SALE
Office buildings
127 Raley Blvd Chico, CA 95928
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5200625
For Sale
1 / 3
$2,300,000
127 Raley Blvd, Chico, CA 95928
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
WOOD
Total area
5,829 SF
Lot
0.48 ac (20,908 SF)
Zoning code
OC
APN
002-210-085-000
UPID
US09-5200625
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
-
Butz Brett L MD Physician
-
Interventional Pain Physicians Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$895k
Owner & transaction history
Brett Butz · 9 yrs held
Brett Butz
since 2017
7 recorded transactions
Zoning & alternative use
OC · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+20.6%
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%
$1,095,000
6.5%
$1,010,000
7%
$940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,040,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,255,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$895,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$154 / 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
$19,693
Tax year 2024
Assessed value
$1,765,235
Assessed 2024
Previous assessed
$1,765,235
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$593,942
Assessed improvement
$1,171,293
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
2017
Construction
WOOD
Heating
NONE
Total area
5,829 SF
Lot
0.48 ac (20,908 SF)
Zoning code
OC
APN
002-210-085-000
UPID
US09-5200625
Jurisdiction
BUTTE
Zoning & alternative use
OC · Chico, CA
Zoning OC · permitted uses
OC · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$895,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
Brett Butz
Individual
Mailing address
20 PHYLLIS CT, CHICO, CA 95928-3841
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
—
Brett Butz
—
Deed
related
$54,808 · Golden Valley Bank
Jul 27, 2018
—
Brett Butz
—
Deed
related
$775,000 · Greater Sacramento Certified D
Sep 12, 2017
—
Brett Butz
—
Deed
related
$1,943,950 · Golden Vly Bk
Feb 23, 2017
$267,000
Brett Butz
Dan Moezzi
Grant Deed
$1,469,000 · Golden Valley Bank
Jul 21, 2015
$250,000
Brett Butz
Butz,brett
Grant Deed
related
—
Jul 20, 2015
$500,000
Brett Butz
Sslp LLC
Grant Deed
$233,000 · Golden Valley Bank
—
—
Brett Butz
—
Loan Modification
related
$1,943,950 · Golden Vly Bk
—
—
Brett Butz
—
Deed Of Trust
related
$775,000 · Greater Sacramento Certified D
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
