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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Office buildings
2053 Frst Ave Chico, CA 95928-7623
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2539637
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
3,100 SF
Lot
0.42 ac (18,295 SF)
APN
002-370-061-000
UPID
US09-2539637
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
-
Eric Ortner Attorney at Law Law Firm
-
Remco Real Estate Management Co Property Management Company
-
Judith A. Hime-Everschor, MA Marriage Or Relationship Counselor
-
California First Mortgage Co Loan Service Bank
-
Wright's Tax & Bookkeeping Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
Salvador Estrada Hernandez · 1 yrs held
Salvador Estrada Hernandez
since 2025
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
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
$1,780,000
ML approach
$1,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.50M (Mar 13 2025)
Last sale anchor
$1.50M
Mar 13 2025
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
$526 / 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
$5,879
Tax year 2024
Assessed value
$525,000
Assessed 2024
Previous assessed
$525,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$175,000
Assessed improvement
$350,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
7
Total area
3,100 SF
Lot
0.42 ac (18,295 SF)
APN
002-370-061-000
UPID
US09-2539637
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
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Bathrooms
7
Lot
0.42 ac
Current owner
From public records · entity-resolved
Salvador Estrada Hernandez
Individual
Mailing address
62000 INDIAN HL RD, MOUNTAIN CENTER, CA 92561-3206
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
$1,500,000
Salvador Estrada Hernandez
Forest Paradise LLC
Grant Deed
$1,000,000 · Forest Paradise LLC
Sep 13, 2023
—
Est Paradise LLC
Stanley Gotter Bach
Grant Deed
—
Nov 2, 2009
—
Nobodys Home LLC
Bach,glena M
Grant Deed
—
Mar 24, 1997
$255,500
Bach,glena M
Pierce,calvin C & Michelle Y
Trustees Deed
$186,000 · Tehama County Bank
Mar 24, 1997
—
Glena M Bach
Bach,stanley
Quit Claim 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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