New search
Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Warehouses
252 Lockheed Ave Chico, CA 95973-9026
Trust Owned
Absentee Owner
Free & Clear
Property ID
US09-1051850
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
WOOD FRAME
Total area
5,400 SF
Lot
0.5 ac (21,780 SF)
APN
047-560-065-000
UPID
US09-1051850
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
-
Denture Services Dental Office
-
CRP Marketing Advertising Agency Marketing & Advertising
-
Chrome Works Inc Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$800k
Owner & transaction history
The Gerald B Robinson Family Trust
The Gerald B Robinson Family Trust
since 2025
Last sale
$33,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+72.6%
Office building
$835,000
+35.6%
Industrial (general)
$830,000
+34.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$615,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$830,000
Change: +34% · Conversion: Easy
RETAIL STORES
$825,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $33k (Feb 22 2024)
Last sale anchor
$33k
Feb 22 2024
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
$148 / 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
$6,399
Tax year 2024
Assessed value
$580,000
Assessed 2024
Previous assessed
$580,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$150,000
Assessed improvement
$430,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
WOOD FRAME
Heating
NONE
Total area
5,400 SF
Lot
0.5 ac (21,780 SF)
APN
047-560-065-000
UPID
US09-1051850
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
WAREHOUSE, STORAGE Current
Est. value
$615,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$835,000
INDUSTRIAL (GENERAL)
Est. value
$830,000
RETAIL STORES
Est. value
$825,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2001
Construction
WOOD FRAME
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
The Gerald B Robinson Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
4447 GOLDENROD WAY, CHICO, CA 95973-9793
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
Aug 20, 2025
—
The Gerald B Robinson Family Trust
Gerald B Robinson
Deed
related
—
Oct 7, 2024
—
Gerald B Robinson
—
Deed
related
$306,000 · Golden Valley Bank
Feb 22, 2024
—
Gerald B Wg Robinson
Gerald B Robinson
Intrafamily Transfer
related
—
Oct 26, 2016
—
Robinson,kathleen K Living Trust
Robinson,gerald B & Kathleen K
Quit Claim Deed
related
—
Nov 9, 2001
—
Gerald B Robinson
—
Trustees Deed
related
$531,000 · Sonoma National Bank
Jul 21, 2000
$33,000
Gerald B Robinson
Redevelopment Agency Chico
Grant Deed
$29,403 · Redevelopment Agency Chico
Dec 5, 1996
—
Chico Redevelopment Agency
Farsai,paul
Grant Deed
related
—
May 19, 1994
$123,000
Paul Farsai
Kleiner,lothar
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 252 Lockheed Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
