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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Warehouses
4315 Hedstrom Way Chico, CA 95973-9423
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3106460
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
STEEL FRAME
Total area
10,000 SF
Lot
1.67 ac (72,745 SF)
Zoning code
GI
APN
007-420-005-000
UPID
US09-3106460
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
$1.40M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.33M
Owner & transaction history
Zackerie N Treanor · 2 yrs held
Zackerie N Treanor
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
GI · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+72.6%
Office building
$1.6M
+35.6%
Industrial (general)
$1.5M
+34.4%
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
$1,435,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,145,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,975,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$1,550,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,535,000
Change: +34% · Conversion: Easy
RETAIL STORES
$1,530,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.20M (Aug 31 2023)
Last sale anchor
$1.20M
Aug 31 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
$133 / 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
$13,290
Tax year 2024
Assessed value
$1,200,000
Assessed 2024
Previous assessed
$1,200,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$500,000
Assessed improvement
$700,000
Applied tax rate
62.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
10,000 SF
Lot
1.67 ac (72,745 SF)
Zoning code
GI
APN
007-420-005-000
UPID
US09-3106460
Jurisdiction
BUTTE
Zoning & alternative use
GI · Chico, CA
Zoning GI · permitted uses
GI · 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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Zackerie N Treanor
Individual
Mailing address
1692 MANGROVE AVE #204, CHICO, CA 95926-2648
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$1,200,000
Zackerie N Treanor
Jon Voigt
Grant Deed
$1,000,000 · Jon S Voigt Etal
Feb 23, 2023
$661,191
Jon Voigt
Brian J Clark
Trustees Deed
related
—
Oct 21, 2015
$900,000
Brian J Clark
Voigt,jon & Roxanne
Grant Deed
$800,000 · Jon & Roxanne Voigt
Feb 3, 2014
$88,000
Jon Voigt
Forman,milton L & Billie J
Grant Deed
—
Jul 30, 2003
$78,000
Jon Voigt
Voigt,e H
Grant Deed
related
—
Oct 9, 1985
$70,000
Forman Milton L
—
Grant Deed
related
—
Jan 1, 1980
—
—
—
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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