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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Warehouses
13504 Skypark Industrial Ave Chico, CA 95973-8859
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3237747
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
11,900 SF
Lot
2 ac (87,120 SF)
Zoning code
M1
APN
016-220-024-000
UPID
US10-3237747
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
-
R & R House Bed & Breakfast Hotel & Motel
-
Black Diamond Holdings Property Management Company Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.10M
Owner & transaction history
Richard A Horn · 3 yrs held
Richard A Horn
since 2023
Last sale
$899,000
3 recorded transactions
Zoning & alternative use
M1 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.8M
+34.4%
Retail stores
$1.8M
+34.0%
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
$1,075,000
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,280,000
7%
$1,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,360,000
Current use
INDUSTRIAL (GENERAL)
$1,830,000
Change: +34% · Conversion: Easy
RETAIL STORES
$1,825,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $899k (Jun 6 2023)
Last sale anchor
$899k
Jun 6 2023
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
$92 / 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
$9,112
Tax year 2024
Assessed value
$825,000
Assessed 2024
Previous assessed
$825,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$270,000
Assessed improvement
$555,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
CENTRAL
Cooling
YES
Bathrooms
2
Total area
11,900 SF
Lot
2 ac (87,120 SF)
Zoning code
M1
APN
016-220-024-000
UPID
US10-3237747
Jurisdiction
BUTTE
Zoning & alternative use
M1 · Chico, CA
Zoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1996
Heating
CENTRAL
Cooling
Yes
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
Richard A Horn
Individual
Mailing address
13023 VICTOR DR, CHICO, CA 95973-9797
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
—
Richard A Horn
Richard A Horn
Intrafamily Transfer
related
—
Nov 5, 2021
—
Richard A Horn
—
Deed
related
$500,000 · Plumas Bank
Jun 15, 2007
$899,000
Richard A Horn
Jones J G & J G 1999 Trust
Grant Deed
$400,000 · 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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