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Property profile & analytics
OFF-MARKET
Estimated value
$6,950,000
Apartment buildings
1550 Springfield Dr Chico, CA 95928-6326
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2682922
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
71,808 SF
Lot
7 ac (304,920 SF)
Zoning code
PDR2
APN
002-110-051-000
UPID
US09-2682922
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
-
Glenbrook Apartments Serviced Accommodation Apartment Complex
-
Glenbrook Apartment Homes Apartment Complex Apartment Building
-
MopHead Janitorial Services Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.95M
Owner & transaction history
Bridge-colony West LP · 24 yrs held
Bridge-colony West LP
since 2002
7 recorded transactions
Zoning & alternative use
PDR2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$97 / 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
$49,953
Tax year 2024
Assessed value
$4,496,217
Assessed 2024
Previous assessed
$4,496,217
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$979,446
Assessed improvement
$3,516,771
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
CENTRAL
Cooling
CENTRAL
Stories
2
Units
80
Bathrooms
3
Total area
71,808 SF
Lot
7 ac (304,920 SF)
Zoning code
PDR2
APN
002-110-051-000
UPID
US09-2682922
Jurisdiction
BUTTE
Zoning & alternative use
PDR2 · Chico, CA
Zoning PDR2 · permitted uses
PDR2 · 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.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
80
Bathrooms
3
Lot
7 ac
Current owner
From public records · entity-resolved
Bridge-colony West LP
Entity
Mailing address
1850 MT DIABLO BLVD STE #410, WALNUT CREEK, CA 94596-4439
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2020
—
Bridge Colony West LP
—
Deed
related
$5,175,000 · River City Bank
Jun 7, 2002
—
Bridge-colony West LP
Foster S Service Co
Quit Claim Deed
related
—
Apr 28, 2000
—
Bridge-colony West LP
Colony West Investment Co
Quit Claim Deed
related
$2,500,000 · Finova Realty Capital INC
Jan 1, 1979
—
Colony West Investment Co|colony,west
—
Grant Deed
related
—
—
—
Bridge-colony West LP
—
Deed Of Trust
related
$4,192,000 · Pnc Bank
—
—
Bridge-colony West LP
—
Deed Of Trust
related
$2,912,000 · Arcs Commercial Mortgage Co LP
—
—
Bridge-colony West
—
Deed Of Trust
related
$693,000 · Pnc Arcs LLC
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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