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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Office buildings
40 Philadelphia Dr Chico, CA 95973-5000
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2353874
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
7,462 SF
Lot
0.47 ac (20,473 SF)
Zoning code
OC
APN
006-210-057-000
UPID
US10-2353874
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
-
The Stogan Group Real Estate Agency
-
Ely Prudent Portfolios Financial Advisor
-
Cash Rice Network, LLC Agricultural Service
-
Pinnacle Rice Coop Advertising Agency Marketing & Advertising
-
Penne Benefits & Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$845k
Owner & transaction history
40 Philadelphia Drive LLC · 1 yrs held
40 Philadelphia Drive LLC
since 2024
Last sale
$845,500
6 recorded transactions
Zoning & alternative use
OC · Chico, 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 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
$845,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,155,000
Current use
INDUSTRIAL (GENERAL)
$1,145,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$1,145,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $846k (Sep 25 2024)
Last sale anchor
$846k
Sep 25 2024
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
$113 / 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
$9,523
Tax year 2024
Assessed value
$860,000
Assessed 2024
Previous assessed
$860,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$125,000
Assessed improvement
$735,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
7,462 SF
Lot
0.47 ac (20,473 SF)
Zoning code
OC
APN
006-210-057-000
UPID
US10-2353874
Jurisdiction
BUTTE
Zoning & alternative use
OC · Chico, CA
Zoning OC · permitted uses
OC · 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
OFFICE BUILDING Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
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
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.47 ac
Current owner
From public records · entity-resolved
40 Philadelphia Drive LLC
Entity
Free & Clear · 1 yrs held
Mailing address
37 HAWK PL, CHICO, CA 95973-8978
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
$845,500
40 Philadelphia Drive LLC
Gary M Loustale
Grant Deed
—
Oct 16, 2008
$800,000
Loustale Dolinda F Trust
Penne Family LLC
Grant Deed
$100,000 · Penne Family LLC
Mar 6, 2003
$610,000
Penne Family LLC
Morrow,tr
Grant Deed
$457,500 · Tehama Bank
Oct 20, 1998
—
Morrow Trust
Tri Counties Bank
Grant Deed
related
—
Feb 24, 1998
$619,500
Morrow Trust
Tri Counties Bank
Grant Deed
$526,197 · Tri Counties Bank
—
—
Loustale,dolinda F Trust
—
Deed Of Trust
related
$108,000 · Herndon-maple Trust (pt)
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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