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Property profile & analytics
OFF-MARKET
Office buildings
424 Magnolia St Gridley, CA 95948-2535
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3039396
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
WOOD
Total area
1,832 SF
Lot
0.11 ac (4,791 SF)
Zoning code
SFR
APN
010-164-002-000
UPID
US09-3039396
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
-
Gridley Family Dentistry Dental Office
-
Skyberg Kenneth R DDS Dental Office
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
Rsdhillondds LLC · 2 yrs held
Rsdhillondds LLC
since 2023
Last sale
$175,000
3 recorded transactions
Zoning & alternative use
SFR · Gridley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Single Family Residential District is to accommodate residential uses composed of a single, detached residence per lot with the exception of a second residential unit or accessory dwelling unit characterized by a density range varying with the utilization and combination of the single family subzones per gross acre with lots fronting a pub…
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
593.69 ac
Source
Realmo
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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,993
Tax year 2024
Assessed value
$170,000
Assessed 2024
Previous assessed
$170,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$50,000
Assessed improvement
$120,000
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
1935
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Bathrooms
3
Total area
1,832 SF
Lot
0.11 ac (4,791 SF)
Zoning code
SFR
APN
010-164-002-000
UPID
US09-3039396
Jurisdiction
BUTTE
Zoning & alternative use
SFR · Gridley, CAZoning SFR · permitted uses
SFR · Gridley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Single Family Residential District is to accommodate residential uses composed of a single, detached residence per lot with the exception of a second residential unit or accessory dwelling unit characterized by a density range varying with the utilization and combination of the single family subzones per gross acre with lots fronting a public street
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
593.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1935
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Rsdhillondds LLC
Entity
Mailing address
424 MAGNOLIA ST, GRIDLEY, CA 95948-2535
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
$175,000
Rsdhillondds LLC
Kenneth Skyberg
Grant Deed
$175,000 · Bank Of America NA
Apr 23, 1992
$55,000
Kenneth Skyberg
Woman's Club Of
Grant Deed
—
Jan 1, 1976
—
Skyberg,kenneth & Lynda
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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