Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Apartment buildings
328 4th Ave Chico, CA 95926-3251
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2949512
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
3,359 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R3
APN
003-013-046-000
UPID
US09-2949512
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
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.03M
Owner & transaction history
Campos Properties Limited Partnersh · 2 yrs held
Campos Properties Limited Partnersh
since 2023
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
R3 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$945,000
+51.5%
Retail stores
$775,000
+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
$1,315,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$620,000
Current use
COMMERCIAL (GENERAL)
$945,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$775,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $950k (Dec 19 2023)
Last sale anchor
$950k
Dec 19 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
$305 / 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
$10,528
Tax year 2024
Assessed value
$950,000
Assessed 2024
Previous assessed
$950,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$190,000
Assessed improvement
$760,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
WALL UNIT
Bathrooms
10
Total area
3,359 SF
Lot
0.2 ac (8,712 SF)
Zoning code
R3
APN
003-013-046-000
UPID
US09-2949512
Jurisdiction
BUTTE
Zoning & alternative use
R3 · Chico, CA
Zoning R3 · permitted uses
R3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$945,000
RETAIL STORES
Est. value
$775,000
APARTMENT HOUSE (5+ UNITS) Current
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
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Bathrooms
10
Lot
0.2 ac
Current owner
From public records · entity-resolved
Campos Properties Limited Partnersh
Entity
Mailing address
362 E 5TH ST, CHICO, CA 95928-5450
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
Dec 19, 2023
$950,000
Campos Properties Limited Partnersh
Gary L Foster
Grant Deed
$617,500 · Northern California National Bank
Jul 19, 2013
—
738 LP
941/328 LP
Grant Deed
—
Dec 9, 2002
—
941/328 LP
Foster,tr
Grant Deed
related
—
Feb 2, 1998
—
Foster Trust
Foster,gary L & Marcia S
Quit Claim Deed
related
$90,000 · Gregoire Trust
Oct 16, 1992
—
Foster Family Trust
Foster,gary L &
Quit Claim Deed
related
—
Mar 3, 1988
$200,000
Foster Family Trust
Sweet,h Howard
Grant Deed
$150,000 · Sacramento Svgs Bk
—
—
941/328
—
Deed Of Trust
related
$165,000 · J & L Money Pension Plan
—
—
941/328
—
Deed Of Trust
related
$35,000 · Gregoire Family Trust
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 328 4th 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.
