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Property profile & analytics
OFF-MARKET
Estimated value
$5,165,000
Retail space
2027 Dr Ml King Jr Pkwy Chico, CA 95928-6797
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2780456
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
31,560 SF
Lot
2.32 ac (101,059 SF)
APN
005-560-022-000
UPID
US09-2780456
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
$6.01M
Comparable Approach
Comparable
$6.21M
Blend (final)
Blend
$5.17M
Owner & transaction history
Chico Crossroads · 19 yrs held
Chico Crossroads
since 2007
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.8M
+59.8%
Office building
$5.6M
+32.5%
Industrial (general)
$4.9M
+14.2%
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%
$6,505,000
6.5%
$6,005,000
7%
$5,575,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,245,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,785,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$5,625,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,850,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$5.17M
Range $4.65M – $5.68M · ±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
$164 / 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
$78,528
Tax year 2024
Assessed value
$7,093,001
Assessed 2024
Previous assessed
$7,093,001
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,182,161
Assessed improvement
$5,910,840
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Total area
31,560 SF
Lot
2.32 ac (101,059 SF)
APN
005-560-022-000
UPID
US09-2780456
Jurisdiction
BUTTE
Zoning & alternative use
Zoning · permitted uses
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 Current
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
OFFICE BUILDING
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1989
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Lot
2.32 ac
Current owner
From public records · entity-resolved
Chico Crossroads
Individual
Free & Clear · 19 yrs held
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Apr 20, 2007
—
Chico Crossroads
Pk Sale LLC
Grant Deed
related
—
Mar 9, 2007
$20,801,000
Chico Crossroads Center Ltd
Pan Pacific Retail Properties
Grant Deed
—
Mar 9, 2007
$2,180,500
Pk Sale LLC
Kimco Realty Corp
Grant Deed
—
Jan 30, 2004
$697,000
Grossman,tr
Farrar,geoffrey A & Shirley M
Grant Deed
—
Jun 20, 1997
—
Pan Pacific Development
—
Deed Of Trust
related
$100,000,000 · Prudential Securities Credit
Feb 27, 1997
—
Pan Pacific Development
Chico Crossroads Center Ltd
Grant 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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