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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Apartment buildings
286 8th Ave Chico, CA 95926-3420
Individually Owned
3-yr Hold
Absentee Owner
Property ID
US09-2906872
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Construction
TILT-UP CONCRETE
Total area
1,900 SF
Lot
0.21 ac (9,147 SF)
Zoning code
R1
APN
003-392-007-000
UPID
US09-2906872
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$623k
Blend (final)
Blend
$610k
Owner & transaction history
Singh Mann Vikramjit · 3 yrs held
Singh Mann Vikramjit
since 2023
Last sale
$653,500
7 recorded transactions
Zoning & alternative use
R1 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$535,000
+51.5%
Retail stores
$435,000
+24.2%
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
COMMERCIAL (GENERAL)
$535,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$435,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $654k (Mar 29 2023)
Last sale anchor
$654k
Mar 29 2023
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
$321 / 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
$7,856
Tax year 2024
Assessed value
$709,981
Assessed 2024
Previous assessed
$709,981
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$171,666
Assessed improvement
$538,315
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1951
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Units
4
Rooms
5
Bathrooms
3
Total area
1,900 SF
Lot
0.21 ac (9,147 SF)
Zoning code
R1
APN
003-392-007-000
UPID
US09-2906872
Jurisdiction
BUTTE
Zoning & alternative use
R1 · Chico, CA
Zoning R1 · permitted uses
R1 · Chico, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$535,000
RETAIL STORES
Est. value
$435,000
COMMERCIAL (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
1951
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
4
Rooms
5
Bathrooms
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Singh Mann Vikramjit
Individual
Mailing address
3085 SHALLOW SPGS TER, CHICO, CA 95928-7386
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
Mar 29, 2023
—
Singh Mann Vikramjit
Singh Mann Vikramjit
Intrafamily Transfer
related
—
Jun 29, 2022
$653,500
Singh Mann Vikramjit
Randall J Schiff
Grant Deed
$457,243 · Capitol Direct Lending
May 19, 2014
—
Schiff,randall J & Laura Trust
Schiff,randall J
Quit Claim Deed
related
—
May 16, 2014
—
Randall J Schiff
Schiff Randall & L Trust
Quit Claim Deed
related
$203,000 · Tri Counties Bank
Feb 28, 2014
—
Schiff,randall J & Laura Trust
Schiff Randall J Trust
Quit Claim Deed
related
—
Jan 27, 2011
$217,500
Schiff Randall J Trust
Silva,gaelon W
Grant Deed
$187,500 · Gaelon W Silva
Dec 18, 2009
—
Gaelon W Silva
Silva Ralph H
Quit Claim Deed
related
—
Aug 3, 2009
—
Gaelon W Silva
Silva,margaret W
Affidavit Of Death
related
—
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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