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Property profile & analytics
OFF-MARKET
Commercial land
1398 State Hwy 99, Gridley, CA 95948-9702
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2139926
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1946
Construction
WOOD FRAME
Total area
660 SF
Lot
3.33 ac (145,054 SF)
Zoning code
CITY
APN
024-020-007-000
UPID
US09-2139926
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jagjit S Kalkat · 8 yrs held
Jagjit S Kalkat
since 2017
6 recorded transactions
Zoning & alternative use
CITY · Gridley, CA
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 Gridley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gridley 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,283
Tax year 2024
Assessed value
$184,059
Assessed 2024
Previous assessed
$184,059
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$184,059
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1946
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Total area
660 SF
Lot
3.33 ac (145,054 SF)
Zoning code
CITY
APN
024-020-007-000
UPID
US09-2139926
Jurisdiction
BUTTE
Zoning & alternative use
CITY · Gridley, CA
Zoning CITY · permitted uses
CITY · Gridley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gridley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Lot
3.33 ac
Current owner
From public records · entity-resolved
Jagjit S Kalkat
Individual
Mailing address
2 E GRIDLEY RDB328, GRIDLEY, CA 95948-2624
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2017
$165,000
Jagjit S Kalkat
Kelly,chris E & Marina P
Grant Deed
—
Dec 16, 2011
$250,000
Amrik Kalkat
Kelly,chris E & Marina P
Grant Deed
—
Sep 18, 2002
$75,000
Chris E Kelly
Kimmich,rudolf C & Roberta
Grant Deed
$67,500 · Rudolf C & Roberta Kimmich
Jan 1, 1982
$60,400
Kimmich,rudolf C Tc Etal
—
Grant Deed
related
—
Jul 1, 1981
$150,000
—
—
Grant Deed
related
—
—
—
Chris E Kelly
—
Deed Of Trust
related
$100,000 · Marion & Freda Kelly
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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