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Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Apartment buildings
1409 3rd St Chico, CA 95928-4858
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2041040
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
25,872 SF
Lot
1.35 ac (58,806 SF)
Zoning code
R3
APN
043-682-058-000
UPID
US10-2041040
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 Social Chico Apartments Apartment Complex
-
YOUNG-n-CLEAN (Bike/Boat/Book/etc) Store
-
Almondwood Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.60M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$4.13M
Owner & transaction history
Fpa6 Craig Hall LLC · 7 yrs held
Fpa6 Craig Hall LLC
since 2018
5 recorded transactions
Zoning & alternative use
R3 · Chico, 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 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%
$4,980,000
6.5%
$4,595,000
7%
$4,265,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,560,000
Current use
OFFICE BUILDING
$4,610,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±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
$159 / 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
$60,418
Tax year 2024
Assessed value
$5,467,666
Assessed 2024
Previous assessed
$5,467,666
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,640,468
Assessed improvement
$3,827,198
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
2
Units
25
Bathrooms
3
Total area
25,872 SF
Lot
1.35 ac (58,806 SF)
Zoning code
R3
APN
043-682-058-000
UPID
US10-2041040
Jurisdiction
BUTTE
Zoning & alternative use
R3 · Chico, CA
Zoning R3 · permitted uses
R3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS) 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
1980
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
25
Bathrooms
3
Lot
1.35 ac
Current owner
From public records · entity-resolved
Fpa6 Craig Hall LLC
Entity
Free & Clear · 7 yrs held
Mailing address
6191 N STATE HWY 161ST STE #100, IRVING, TX 75038-2290
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jan 8, 2019
—
Fpa6 Craig Hall LLC
—
Grant Deed
related
$18,300,000 · Farmers & Merchants Bk/lng Bch
Dec 20, 2018
$20,250,000
Fpa6 Craig Hall LLC
Sequoia Equities-craig Hall
Grant Deed
—
Jul 1, 2014
—
Sequoia Equities-craig Hall
—
Loan Modification
related
$13,500,000 · River Cty Bk
Mar 19, 2008
$2,970,000
Sequoia Equities-craig Hall
Merle A Webb & Sons
Grant Deed
—
Dec 27, 1995
—
Merle A Webb
Merle A Webb Estate
Quit Claim Deed
related
—
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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