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Property profile & analytics
OFF-MARKET
Estimated value
$265,000
Commercial real estate
180 9th Ave Chico, CA 95926-2388
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2985995
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Construction
WOOD
Total area
5,580 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C1
APN
003-351-007-000
UPID
US10-2985995
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
-
ChicoForRent Student Housing Center
-
Chico Sierra Real Estate Management Inc. Property Management Company
-
Chico S.I. - Structural Integration Alternative Medicine Practice Spa & Massage Center
-
Nicolai Larsen Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$265k
Owner & transaction history
Steven E Matalavage & Catherine L D · 1 yrs held
Steven E Matalavage & Catherine L D
since 2025
7 recorded transactions
Zoning & alternative use
C1 · 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%
$1,050,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,285,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$265k
Range $239k – $292k · ±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
$47 / 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
$6,765
Tax year 2024
Assessed value
$612,698
Assessed 2024
Previous assessed
$612,698
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$106,041
Assessed improvement
$506,657
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Bathrooms
3
Total area
5,580 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C1
APN
003-351-007-000
UPID
US10-2985995
Jurisdiction
BUTTE
Zoning & alternative use
C1 · Chico, CAZoning C1 · permitted uses
C1 · Chico, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.3M
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
1994
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Steven E Matalavage & Catherine L D
Individual
Mailing address
2169 FOLSOM ST, SAN FRANCISCO, CA 94110-7301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
—
Steven E Matalavage & Catherine L D
Catherine Duffy
Deed
related
—
May 18, 2015
$274,000
Jaynjane LLC
Butte Creek Property Corp
Grant Deed
—
Mar 16, 2015
$520,000
Butte Creek Property Corp|mantalavage,steven
Two Creeks Trust
Grant Deed
$182,000 · Two Creeks Trust (ct)
Mar 16, 2015
—
Klang,robert M Tr
Phillips Maria A
Affidavit Of Death
related
—
Nov 25, 2014
—
Klang,robert M Tr
Phillips,maria A
Affidavit Of Death
related
—
Dec 20, 2005
—
Two Creeks Trust
Klang,robert M
Grant Deed
related
—
Feb 18, 2005
—
Two Creeks Trust
Two Creeks Trust
Quit Claim Deed
related
—
Nov 9, 2004
—
Robert M Klang
Klang Family Trust
Quit Claim Deed
related
—
Oct 13, 2003
$520,000
Klang,tr
Silacci,tr
Grant Deed
—
May 31, 2002
$400,000
Silacci Trust
Ketelsen,ellen
Grant Deed
—
Feb 14, 1992
$5,000
Ellen Ketelsen
Fischer Capitol
Grant Deed
—
—
—
Ellen Kelelsen
—
Deed Of Trust
related
$245,000 · Us Bank NA
—
—
Silacci Trust
—
Deed Of Trust
related
$300,000 · Foor Foundation
—
—
Klang Family Trust
—
Deed Of Trust
related
$292,500 · 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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