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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Office buildings
131 Raley Blvd Chico, CA 95928-8347
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-5004751
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Construction
WOOD
Total area
14,486 SF
Lot
1.7 ac (74,052 SF)
APN
002-210-079-000
UPID
US09-5004751
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
-
Dr. Nicholas M. Komas, MD Physician
-
Dr. Michael Robbins Physician
-
Jones Helmuth MD Physician
-
Dr. Sidney G. Jones, MD Physician
-
Orthopedic Associates-N Calif: Azevedo Alan J MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$2.13M
Owner & transaction history
Raley 131 LLC · 13 yrs held
Raley 131 LLC
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.1M
+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%
$2,725,000
6.5%
$2,515,000
7%
$2,335,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,115,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,225,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±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
$147 / 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
$51,243
Tax year 2024
Assessed value
$4,606,595
Assessed 2024
Previous assessed
$4,606,595
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,001,117
Assessed improvement
$3,605,478
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
Off-Market
Year built
2013
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,486 SF
Lot
1.7 ac (74,052 SF)
APN
002-210-079-000
UPID
US09-5004751
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
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
2013
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Raley 131 LLC
Entity
Mailing address
131 RALEY BLVD, CHICO, CA 95928-8347
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
Raley 131 LLC
—
Deed
related
$444,500 · Tri Counties Bank
Jan 29, 2013
$733,000
Raley 131 LLC
Sslp LLC
Grant Deed
$1,771,000 · Jpmorgan Chase Bank NA
Oct 31, 2006
$1,350,000
Sslp LLC
Campbell Healthcare Invs
Grant Deed
$1,215,000 · Thomas A & Kim L Stewart
—
—
Raley 131 LLC
—
Deed Of Trust
related
$1,457,000 · California Statewide Certified
—
—
Raley 131 LLC
—
Deed Of Trust
related
$1,771,000 · California Statewide Certified
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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