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Property profile & analytics
FOR SALE
Office buildings
331 Elm St Red Bluff, CA 96080
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2286071
For Sale
1 / 2
Contact for pricing
331 Elm St, Red Bluff, CA 96080
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
TILT-UP CONCRETE
Total area
3,025 SF
Lot
0.08 ac (3,484 SF)
Zoning code
C-2
APN
033-036-011-000
UPID
US10-2286071
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bartlett,joe Family Trust · 8 yrs held
Bartlett,joe Family Trust
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Red Bluff, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 25.69 C-2, CENTRAL BUSINESS DISTRICTS. (A) It is intended that this district classification be applied in areas suitable for complete retail business and service to serve a residential community that are designated “C” on the land use diagram of the city general plan. (B) The specific use regulations set out beneath the column titled “C-2” in the chart mar…
Zone name
Central Business
General category
COMMERCIAL
Zone area
126.40 ac
Source
CHAPTER 25: ZONING
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 Red Bluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Red Bluff 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,785
Tax year 2023
Assessed value
$364,181
Assessed 2023
Previous assessed
$364,181
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$43,744
Assessed improvement
$320,437
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
3,025 SF
Lot
0.08 ac (3,484 SF)
Zoning code
C-2
APN
033-036-011-000
UPID
US10-2286071
Jurisdiction
TEHAMA
Zoning & alternative use
C-2 · Red Bluff, CAZoning C-2 · permitted uses
C-2 · Red Bluff, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 25.69 C-2, CENTRAL BUSINESS DISTRICTS. (A) It is intended that this district classification be applied in areas suitable for complete retail business and service to serve a residential community that are designated “C” on the land use diagram of the city general plan. (B) The specific use regulations set out beneath the column titled “C-2” in the chart marked “commercial zones and permit requirements” in
Zone name
Central Business
General category
COMMERCIAL
Zone area
126.40 ac
Source
CHAPTER 25: ZONING
Building & site characteristics
From public records
Year built
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Bartlett,joe Family Trust
Trust
Mailing address
205 ML CRK DR, CHICO, CA 95973-5807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2019
—
Joseph J Barlett
—
Deed
related
$165,000 · Sacramento Certified Development Corp
Jun 7, 2019
—
The Joe Bartlett Family Trust
—
Deed
related
$197,500 · Golden Valley Bank
Dec 14, 2017
—
Bartlett,joe Family Trust
Bartlett,joseph J
Quit Claim Deed
related
—
Nov 6, 2017
$395,000
Joseph J Bartlett
Frantz,timothy
Grant Deed
$375,000 · Timothy Frantz
Jan 24, 2008
$335,000
Frantz,timothy
Masula,larry E & Karen K
Grant Deed
$150,000 · Marshall Thompson
Jan 24, 2008
—
Frantz,timothy
Frantz,kimberli R
Quit Claim Deed
related
—
Mar 31, 2005
—
Larry E Masula
Larry E Masula
Intrafamily Transfer
related
$193,000 · Umpqua Bank
Jan 5, 1994
—
Larry E Masula
Masula,larry E
Quit Claim Deed
related
$145,000 · Wells Fargo Bank
—
—
Bartlett,joe Family Trust
—
Deed Of Trust
related
$197,500 · Golden Vly Bk
—
—
Masula,larry E & Karen K
—
Deed Of Trust
related
$30,000 · Rolf Dornseif
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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