Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,460,000
Gas stations
3158 Thorntree Dr Chico, CA 95973-9068
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3020694
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1989
Construction
STEEL FRAME
Total area
78,398 SF
Lot
4.96 ac (216,057 SF)
Zoning code
SR3
APN
016-220-041-000
UPID
US10-3020694
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
-
Airport Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.68M
Blend (final)
Blend
$9.46M
Owner & transaction history
Jll Airport Storage LLC · 3 yrs held
Jll Airport Storage LLC
since 2022
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
SR3 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.5M
+25.4%
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
$9,885,000
ML approach
$9,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$12,340,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,475,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$12,155,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,045,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$12,010,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$9.46M
Range $8.51M – $10.41M · ±10% · vs last sale $9.83M (Sep 30 2022)
Last sale anchor
$9.83M
Sep 30 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
$121 / 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
$110,684
Tax year 2024
Assessed value
$10,021,500
Assessed 2024
Previous assessed
$10,021,500
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,203,200
Assessed improvement
$7,818,300
Applied tax rate
62.0000
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Bathrooms
2
Total area
78,398 SF
Lot
4.96 ac (216,057 SF)
Zoning code
SR3
APN
016-220-041-000
UPID
US10-3020694
Jurisdiction
BUTTE
Zoning & alternative use
SR3 · Chico, CA
Zoning SR3 · permitted uses
SR3 · 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
SERVICE STATION (FULL SERVICE) Current
Est. value
$12.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.5M
OFFICE BUILDING
Est. value
$12.2M
INDUSTRIAL (GENERAL)
Est. value
$12.0M
RETAIL STORES
Est. value
$12.0M
SERVICE STATION (FULL SERVICE) 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
1989
Construction
STEEL FRAME
Heating
NONE
Bathrooms
2
Lot
4.96 ac
Current owner
From public records · entity-resolved
Jll Airport Storage LLC
Entity
Mailing address
751 AUSTIN AVE, SONOMA, CA 95476-7119
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$9,825,000
Jll Airport Storage LLC
Kathleen M Duncan
Grant Deed
$5,750,000 · Kinecta FCU
Sep 29, 2022
$1,562,000
Richard Priest
Christopher Kelley Hoskins
Grant Deed
—
May 19, 2022
—
Melissa Priest
Lmran Yunus
Intrafamily Transfer
related
$1,850,000 · Lone Oak Fund LLC
May 11, 2006
$4,250,000
Kathleen M Duncan
Bvi Assured LLC
Grant Deed
$2,975,000 · Independence Bank
May 9, 2006
$351,500
Amb Capital
Bvi Co LLC
Grant Deed
—
Apr 29, 2005
$317,000
Bvi Co LLC
Amb Capital LP
Quit Claim Deed
related
$2,400,000 · Independence Bank
Oct 8, 2004
$3,400,000
Bvi Assured LLC
Pierce Deborah S Trust
Grant Deed
$2,380,000 · Community National Bank
Aug 2, 2004
—
Pierce Deborah S Trust
Apple Mini-storage
Grant Deed
related
—
Jun 20, 1997
$1,470,000
Mini-storage Apple
Brown,don R & Dorothy A
Grant Deed
$1,400,000 · Amresco Commercial Lending Cor
Jul 11, 1996
$78,000
Almond Tree Rv Park
Brown,dorothy A
Grant Deed
$750,000 · Owens Financial Group INC
Dec 21, 1995
$123,500
Don R Brown
Brown,don R
Grant Deed
related
$1,000,000 · Imperial Thrift & Loan
—
—
Don R Brown
—
Deed Of Trust
related
$70,000 · Elmo V Tognoni Est
—
—
Lowell W Pierce
—
Deed Of Trust
related
$41,813 · Individual
—
—
Lowell W Pierce
—
Deed Of Trust
related
$87,500 · 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.
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 3158 Thorntree Dr?
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.
