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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
34 Gridley Rd Gridley, CA 95948-2604
Trust Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3264379
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
WOOD
Total area
3,597 SF
Lot
0.46 ac (20,037 SF)
Zoning code
C
APN
024-260-046-000
UPID
US09-3264379
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
-
BMO Bank Loan Service
-
BMO - ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$800k
Owner & transaction history
Shackelford,walter S Trust · 12 yrs held
Shackelford,walter S Trust
since 2014
7 recorded transactions
Zoning & alternative use
C · Gridley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gridley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gridley 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
OFFICE BUILDING
$545,000
Current use
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$222 / 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
$8,158
Tax year 2024
Assessed value
$740,000
Assessed 2024
Previous assessed
$740,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$185,000
Assessed improvement
$555,000
Applied tax rate
3.0000
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
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Total area
3,597 SF
Lot
0.46 ac (20,037 SF)
Zoning code
C
APN
024-260-046-000
UPID
US09-3264379
Jurisdiction
BUTTE
Zoning & alternative use
C · Gridley, CAZoning C · permitted uses
C · Gridley, CA
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
OFFICE BUILDING Current
Est. value
$545,000
OFFICE BUILDING Current
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
1970
Construction
WOOD
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Shackelford,walter S Trust
Trust
Free & Clear · 12 yrs held
Mailing address
2356 CROWN RD, MERCED, CA 95340-9337
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2014
—
Shackelford,walter S Trust
Shackelford,walter S SR
Quit Claim Deed
related
—
May 13, 2013
—
Od LLC
Arthur J & J 1996 Trust
Grant Deed
—
Nov 19, 2001
—
Arthur Trust
Blodgett,newton L & Paula B
Grant Deed
related
—
Dec 27, 2000
—
Newton L Blodgett
Arthur Trust
Grant Deed
related
—
May 11, 2000
$42,000
Rogelio Jimenez
Hud
Grant Deed
$60,828 · Mortgage Capital Resource Co
Jan 24, 2000
—
Arthur Trust
Blodgett,newton L & Paula B
Quit Claim Deed
related
—
Mar 15, 1999
—
Arthur Trust
Blodgett,newton L & Paula B
Quit Claim Deed
related
—
Jun 22, 1998
—
Arthur Trust
Blodgett,newton L & Pamela B
Quit Claim Deed
related
—
Dec 5, 1996
—
Arthur Trust
Arthur,jesse L
Quit Claim Deed
related
—
Jun 7, 1995
—
Barbara J Whitman
Shackelford Trust
Quit Claim Deed
related
—
Oct 22, 1991
$540,500
Shackelford Geneva Ann Living Tr
Garlington,laure
Grant Deed
—
Oct 31, 1986
$441,000
Newton L Blodgett
—
Grant Deed
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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