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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
2351 Washington Ave Oroville, CA 95966-5465
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0077055
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
3,100 SF
Lot
0.39 ac (16,988 SF)
Zoning code
RP
APN
013-250-057-000
UPID
US09-0077055
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
-
Ergonomic Consultants Physician
-
Express Employment Professionals Employment Agency
-
James Kopp - Prudential Financial Financial Advisor
-
Daydream Skinn Spa & Massage Center Skin Care Clinic
-
Smartrise Engineering Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Joshua Ilan Lateiner · 4 yrs held
Joshua Ilan Lateiner
since 2022
Last sale
$670,000
7 recorded transactions
Zoning & alternative use
RP · Oroville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$330,000
+5.0%
Warehouse, storage
$325,000
+3.3%
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 Oroville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oroville 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
$525,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$330,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$325,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $670k (May 4 2022)
Last sale anchor
$670k
May 4 2022
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
$169 / 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
$6,305
Tax year 2024
Assessed value
$348,534
Assessed 2024
Previous assessed
$348,534
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$104,040
Assessed improvement
$244,494
Applied tax rate
4.0000
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
Stories
2
Bathrooms
14
Total area
3,100 SF
Lot
0.39 ac (16,988 SF)
Zoning code
RP
APN
013-250-057-000
UPID
US09-0077055
Jurisdiction
BUTTE
Zoning & alternative use
RP · Oroville, CA
Zoning RP · permitted uses
RP · Oroville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oroville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$330,000
WAREHOUSE, STORAGE
Est. value
$325,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1994
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
14
Lot
0.39 ac
Current owner
From public records · entity-resolved
Joshua Ilan Lateiner
Individual
Mailing address
2015 SHASTA ST, REDDING, CA 96001-0421
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
—
Joshua Ilan Lateiner
Joshua Ilan Lateiner
Intrafamily Transfer
related
—
Feb 15, 2022
$670,000
Joshua Ilan Lateiner
Terminus Incorporated
Grant Deed
—
Dec 15, 2014
$422,500
Terminus INC
Spring Trust
Grant Deed
—
Aug 24, 2005
—
Spring Trust
Spring,rick L & Kathryn M
Quit Claim Deed
related
—
Aug 19, 2005
$550,000
Rick L Spring
Adams,bradley N
Grant Deed
$350,000 · Umpqua Bank
Nov 30, 2004
$460,000
Bradley N Adams
Bach,glena M
Grant Deed
$172,500 · Umpqua Bank
Mar 24, 1997
$233,000
Glena M Bach
Pierce,calvin C & Michelle Y
Grant Deed
$324,000 · Tehama County Bank
May 12, 1994
$67,000
Calvin C Pierce
Glendolyn Elsie
Grant Deed
$325,000 · Mid Valley Bank
—
—
Bradley N Adams
—
Deed Of Trust
related
$172,500 · Umpqua Bank
—
—
Calvin C Pierce
—
Deed Of Trust
related
$15,000 · Individual
—
—
Terminus INC
—
Deed Of Trust
related
$134,000 · Tri Counties Bank
—
—
Calvin C Pierce
—
Deed Of Trust
related
$18,000 · Individual
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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