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Property profile & analytics
OFF-MARKET
Office buildings
21 Hanover Ln Chico, CA 95973-7269
Trust Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3304795
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
WOOD
Total area
2,977 SF
Lot
0.13 ac (5,662 SF)
APN
006-370-019-000
UPID
US09-3304795
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
-
Patrick Proctor LMFT Doctor Marriage Or Relationship Counselor
-
Valic Insurance Agency
-
Morgan Stromberg LMFT Crisis Center Medical Clinic
-
Natalie Paul,LMFT Marriage Or Relationship Counselor
-
Esplande North Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Proctor-yates Family Trust · 10 yrs held
Proctor-yates Family Trust
since 2016
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,485
Tax year 2024
Assessed value
$405,000
Assessed 2024
Previous assessed
$405,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$100,000
Assessed improvement
$305,000
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
1992
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
2,977 SF
Lot
0.13 ac (5,662 SF)
APN
006-370-019-000
UPID
US09-3304795
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
1992
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Proctor-yates Family Trust
Trust
Free & Clear · 10 yrs held
Mailing address
8120 COHASSET RD, CHICO, CA 95973-8827
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2021
—
Patrick T Proctor
—
Deed
related
$250,000 · Tri Counties Bank
Jul 8, 2016
—
Proctor-yates Family Trust
Proctor,patrick & Anne Y
Quit Claim Deed
related
—
Sep 29, 2008
$94,545
Patrick Proctor
Worley,david C & Angela M
Grant Deed
$25,000 · Roberts Family Trust
Oct 31, 2003
$350,000
Patrick Proctor
Roberts,tr
Grant Deed
$300,000 · Roberts Trust
May 5, 2000
$260,000
Roberts Trust
Jenkins,william N & Lesley A
Grant Deed
—
May 4, 1992
$267,000
Jenkins William N
Coletti,richard
Grant Deed
—
—
—
William N Jenkins
—
Deed Of Trust
related
$155,000 · North State National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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