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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
132 Broadway St Chico, CA 95928-5318
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-1533301
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
TILT-UP CONCRETE
Total area
4,180 SF
Lot
0.13 ac (5,662 SF)
Zoning code
DN
APN
004-052-006-000
UPID
US09-1533301
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
-
The Dungeon (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$510k
Owner & transaction history
Bradley Fleshman · 1 yrs held
Bradley Fleshman
since 2024
Last sale
$511,500
7 recorded transactions
Zoning & alternative use
DN · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ice Mixed Use (OMU) (6 to 20 units per gross acre) CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 units per gross acre) 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 (CS)…
Zone name
Downtown North
General category
MIXED_USE
Zone area
25.41 ac
Top alternative use upside
Office building
$745,000
+32.5%
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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$560,000
Current use
OFFICE BUILDING
$745,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $512k (Nov 26 2024)
Last sale anchor
$512k
Nov 26 2024
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
$122 / 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
$8,900
Tax year 2024
Assessed value
$674,364
Assessed 2024
Previous assessed
$674,364
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$265,279
Assessed improvement
$409,085
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Total area
4,180 SF
Lot
0.13 ac (5,662 SF)
Zoning code
DN
APN
004-052-006-000
UPID
US09-1533301
Jurisdiction
BUTTE
Zoning & alternative use
DN · Chico, CAZoning DN · permitted uses
DN · Chico, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ice Mixed Use (OMU) (6 to 20 units per gross acre) CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 units per gross acre) 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 (CS) CR Regional Commercial (CR) Regional Commercial (CR) (6 to 50 units per gross acr
Zone name
Downtown North
General category
MIXED_USE
Zone area
25.41 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$560,000
OFFICE BUILDING
Est. value
$745,000
RETAIL STORES Current
OFFICE BUILDING
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
1940
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Lot
0.13 ac
Current owner
From public records · entity-resolved
Bradley Fleshman
Individual
Mailing address
PO BOX 4075, CHICO, CA 95927-4075
Ownership since
2024
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
Nov 26, 2024
—
Bradley Fleshman
Bradley Fleshman
Deed
related
—
May 11, 2022
—
Michael E Hart
—
Deed
related
$1,800,000 · Tri Counties Bank
Dec 12, 2014
$511,500
Michael E|fleshman Bradley J Hart
Donnelly,patrick J
Grant Deed
$1,058,925 · Tri Counties Bank
Dec 12, 2014
—
Michael E Hart
Hart,kara
Quit Claim Deed
related
—
Nov 6, 1998
$1,200,000
Hart,michael E
Selzer Trust
Trustees Deed
$1,125,000 · Seller
Nov 6, 1998
—
Michael E Hart
Hart,monique
Quit Claim Deed
related
—
Feb 16, 1993
—
Selzer Virginia C Living Trust
Selzer,virginia
Quit Claim Deed
related
—
—
—
Michael E Hart
—
Deed Of Trust
related
$1,185,000 · Tri Counties 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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