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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Warehouses
280 Ryan Ave Chico, CA 95973-9058
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1185748
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
11,838 SF
Lot
0.68 ac (29,620 SF)
APN
047-760-002-000
UPID
US09-1185748
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
-
Armstrong Cabinets General Contractor Renovation Specialist
-
PROBIDdirect Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.44M
Owner & transaction history
280 Ryan Ave LLC · 3 yrs held
280 Ryan Ave LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+72.6%
Office building
$1.8M
+35.6%
Industrial (general)
$1.8M
+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%
$1,380,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,355,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,335,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$1,835,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,820,000
Change: +34% · Conversion: Easy
RETAIL STORES
$1,815,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10%
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
$122 / 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
$8,661
Tax year 2024
Assessed value
$785,000
Assessed 2024
Previous assessed
$785,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$160,000
Assessed improvement
$625,000
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
2008
Heating
NONE
Stories
2
Total area
11,838 SF
Lot
0.68 ac (29,620 SF)
APN
047-760-002-000
UPID
US09-1185748
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
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
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
2008
Heating
NONE
Stories
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
280 Ryan Ave LLC
Entity
Mailing address
224 ALEXANDRA CT, EUGENE, OR 97404-1638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 15, 2025
—
280 Ryan Ave LLC
—
Deed
related
$950,000 · Golden Valley Bank
Jun 29, 2023
—
280 Ryan Ave LLC
Scott William Armstrong
Grant Deed
—
May 1, 2023
—
Scott William Armstrong
Scott Armstrong
Intrafamily Transfer
related
—
Oct 15, 2015
—
Scott Armstrong
Scott Armstrong
Intrafamily Transfer
related
$1,110,000 · Golden Valley Bank
May 9, 2007
$200,000
Scott Armstrong
Mbd INC
Grant Deed
$706,500 · Premierwest Bank
—
—
Scott Armstrong
—
Deed Of Trust
related
$85,000 · Golden Vly Bk
—
—
Scott Armstrong
—
Deed Of Trust
related
$706,500 · Premierwest Bank
—
—
Scott W Armstrong
—
Deed Of Trust
related
$392,500 · Premierwest 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.
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