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Property profile & analytics
OFF-MARKET
Estimated value
$6,365,000
Apartment buildings
2052 Hartford Dr Chico, CA 95928-7730
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-3349418
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2010
Construction
WOOD
Total area
22,960 SF
Lot
1.39 ac (60,548 SF)
APN
002-110-093-000
UPID
US09-3349418
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
-
Hartford Square Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.32M
CAP Approach
CAP
$4.08M
Comparable Approach
Comparable
$6.97M
Blend (final)
Blend
$6.37M
Owner & transaction history
Jim D Petropoulos · 3 yrs held
Jim D Petropoulos
since 2023
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+30.6%
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
$7,415,000
ML approach
$7,320,000
CAP Approach
CAP Return
Estimation
6%
$4,415,000
6.5%
$4,080,000
7%
$3,785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,935,000
Current use
COMMERCIAL (GENERAL)
$6,445,000
Change: +31% · Conversion: Moderate
OFFICE BUILDING
$4,090,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$6.37M
Range $5.73M – $7.00M · ±10% · vs last sale $6.20M (Apr 28 2023)
Last sale anchor
$6.20M
Apr 28 2023
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
$277 / 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
$69,890
Tax year 2024
Assessed value
$6,323,000
Assessed 2024
Previous assessed
$6,323,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,836,000
Assessed improvement
$4,487,000
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
2010
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
28
Bathrooms
2
Total area
22,960 SF
Lot
1.39 ac (60,548 SF)
APN
002-110-093-000
UPID
US09-3349418
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$6.4M
OFFICE BUILDING
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
2010
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
28
Bathrooms
2
Lot
1.39 ac
Current owner
From public records · entity-resolved
Jim D Petropoulos
Individual
Mailing address
PO BOX 2366, LA JOLLA, CA 92038-2366
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
$6,200,000
Jim D Petropoulos
Reta Gudmundson
Grant Deed
$2,880,000 · Cbc FCU
Dec 21, 2020
—
Ryan J Presley
—
Deed
related
$284,460 · Navy FCU
Sep 26, 2019
—
Gudmundson,r 2016 Trust
—
Deed
related
$1,250,000 · Tiaa Fsb
Nov 2, 2016
—
Gudmundson,r 2016 Trust
Bugay,reta G
Quit Claim Deed
related
—
Jul 16, 2013
$3,600,000
Reta G Bugay
North Pacific Holding Group
Grant Deed
$800,000 · Bank Of Marin
Jul 19, 2011
—
North Pacific Holding Group
Leete P S & L G 1999 Trust
Grant Deed
—
May 26, 2010
—
Hartford Square Const INC
Leete P S & L G 1999 Trust
Grant Deed
—
Apr 28, 2010
—
Robb Brown
North Pacific Holding Group
Grant Deed
—
Apr 10, 2009
$638,000
North Pacific Holding Group
Plum LLC
Grant Deed
—
Aug 26, 2008
—
Plum LLC
Plum Forest Invs INC
Quit Claim Deed
related
—
Aug 20, 2008
$925,116
Plum Forest Investments INC
California Trust Deeds INC
Trustees Deed
related
—
Oct 16, 2007
—
SR Real Property LLC
Lamphere,richard
Grant Deed
—
Nov 2, 2005
$634,000
Richard D Lamphere
Knowles,thomas & Sara M
Grant Deed
—
Nov 2, 2005
—
Richard D Lamphere
Lamphere,tracy L
Quit Claim Deed
related
$575,000 · Plum Forest Investments INC
Aug 18, 2004
$420,000
Thomas Knowles
Northern Valley Catholic Socia
Grant Deed
—
Aug 12, 2004
—
Valley Catholic Socia Northern
Catholic Charities Of Sacramen
Quit Claim Deed
related
—
Jun 12, 2003
—
Catholic Charities Of Sacramen
Forest Manor
Grant Deed
related
—
—
—
North Pacific Holding Group
—
Deed Of Trust
related
—
—
—
James D Poovey
—
Deed Of Trust
related
$107,000 · Murphy-gagliasso Family Trust
—
—
Catholic Charities Of Sacramen
—
Deed Of Trust
related
$4,695,700 · North Valley Bank
—
—
Ryan J Presley
—
Deed Of Trust
related
$284,460 · Navy FCU
—
—
Gudmundson,r 2016 Trust
—
Deed Of Trust
related
$1,250,000 · Tiaa Fsb
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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