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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Retail space
2070 20th St Chico, CA 95928-7713
Individually Owned
Absentee Owner
Free & Clear
Property ID
US10-3113221
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
WOOD
Total area
15,242 SF
Lot
1.26 ac (54,885 SF)
APN
002-370-074-000
UPID
US10-3113221
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
-
Dan's Comp Bikes (Bike/Boat/Book/etc) Store
-
Performance Bicycle Chico Store (Bike/Boat/Book/etc) Store
-
Performance Bicycle (Bike/Boat/Book/etc) Store
-
The Handle Bar Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$3.26M
Owner & transaction history
Osm Balboa Homes Limited Partnershi
Osm Balboa Homes Limited Partnershi
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+108.6%
Apartment house (5+ units)
$3.3M
+59.8%
Office building
$2.7M
+32.5%
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%
$3,140,000
6.5%
$2,900,000
7%
$2,695,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,050,000
Current use
COMMERCIAL (GENERAL)
$4,275,000
Change: +109% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,275,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$2,715,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,340,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±10% · vs last sale $3.53M (Jun 16 2025)
Last sale anchor
$3.53M
Jun 16 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
$214 / 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
$39,330
Tax year 2024
Assessed value
$3,527,000
Assessed 2024
Previous assessed
$3,527,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$2,527,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Total area
15,242 SF
Lot
1.26 ac (54,885 SF)
APN
002-370-074-000
UPID
US10-3113221
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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
2003
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Lot
1.26 ac
Current owner
From public records · entity-resolved
Osm Balboa Homes Limited Partnershi
Individual
Free & Clear · 0 yrs held
Mailing address
3120 COHASSET RD STE #5, CHICO, CA 95973-0978
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
Osm Burnet Homes Limited Partnershi
—
Deed
related
$2,200,000 · Standard Insurance Co
Sep 16, 2025
$3,527,500
Osm Balboa Homes Limited Partnershi
Marylue C Timpson 1999 Trust
Grant Deed
—
Jan 31, 2018
—
Timpson,marylue C Trust 1999
—
Deed
related
$1,800,000 · Tri Counties Bank
Sep 24, 2004
—
Timpson Marylue C 1999 Trust
Nicoli Donald J Trust
Grant Deed
$3,410,000 · Mechanics Bank
Sep 17, 2003
—
Nicoli,tr
20th Street Partners LLC
Grant Deed
related
$3,025,000 · Mechanics Bank
Jan 31, 2003
—
20th Steet Partners LLC
Gregg Steele Properties LLC
Grant Deed
$2,850,000 · Redding Bank Of Commerce
Jul 16, 2002
$650,000
Gregg Steele Properties LLC
Springfield Drive Properties
Grant Deed
$487,500 · Redding Service Corp
—
—
Timpson,marylue C Trust 1999
—
Deed Of Trust
related
$1,800,000 · 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.
Try Rey
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