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Financial
Distress signals
Property profile

1990 Belgium Ave Chico, CA 95928

FOR LEASE
Other apartment buildings
Property ID
US09-4599536
51,805 SF 2.5 ac lot Built 2023
Last sale Jun 2024 · $463,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of new-construction office space in a mixed-use B20 complex located on the corner of Bruce Road and Belgium, within a development that includes 60 senior apartments as well as Rione Restaurant and Raymond James. A 3,724-square-foot first-floor office suite is provided and is designed to be configured to a tenant’s specific needs. The office suite is situated within the complex with on-site parking available for tenants and guests. The site is positioned near community…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$29k
Tax billed · 2024
Assessed value$15.13M
Assessed land$1.87M
Assessed improvement$13.25M
Effective rate0.19%

Value estimate

· Oct 2026
$465k
$419k – $512k
AI approach$465k
NOI build-up
Gross scheduled income$70k
Vacancy & credit loss−$4k
Operating expenses−$20k
NOI · 562.82% cap applied$46k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$215/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$156 – $303

Cap rate analysis

How does the asset earn?
562.82%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CN
CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 units per gross acre) CC Community Commercial Commercial Mixed Use (CMU)...
General categoryMIXED_USE
JurisdictionBUTTE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service13.0
Wholesale Shop12.5
Building Supply12.4

Location

1990 Belgium Ave Chico, CA 95928
County assessor Recorded deeds · 12 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2 Fremont, Chico, CA 95928-6821 $5,544,000 Dec 2025 34,430 SF
890 9th, Chico, CA 95928-5867 $1,850,000 Nov 2024 11,862 SF
1991 Humboldt, Chico, CA 95928-9106 $8,000,000 Jan 2024 11,909 SF
2754 Native Oak, Chico, CA 95928-7879 $4,180,000 Oct 2023 18,390 SF
2052 Hartford, Chico, CA 95928-7730 $6,200,000 Apr 2023 22,960 SF
1445 3rd, Chico, CA 95928-4859 $2,450,000 Dec 2022 13,584 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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