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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Warehouses
4331 Hedstrom Way Chico, CA 95973-9405
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3364405
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
WOOD
Total area
10,260 SF
Lot
1.28 ac (55,756 SF)
Zoning code
M1
APN
007-420-004-000
UPID
US09-3364405
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
-
CEC Woodworking Construction Company General Contractor
-
Dilco Marketing Corporate Office
-
Nova Productions Backline Rentals Musical Instrument Rental Service
-
Hurricane Auto Detail Car Wash
-
Gates Garage Door Services Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.33M
Owner & transaction history
Hedstrom LLC · 3 yrs held
Hedstrom LLC
since 2023
6 recorded transactions
Zoning & alternative use
M1 · 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)
$1.6M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,175,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,025,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$1,590,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,575,000
Change: +34% · Conversion: Easy
RETAIL STORES
$1,570,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±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
$130 / 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
$8,244
Tax year 2024
Assessed value
$743,244
Assessed 2024
Previous assessed
$743,244
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$97,606
Assessed improvement
$645,638
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
1986
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Total area
10,260 SF
Lot
1.28 ac (55,756 SF)
Zoning code
M1
APN
007-420-004-000
UPID
US09-3364405
Jurisdiction
BUTTE
Zoning & alternative use
M1 · Chico, CA
Zoning M1 · permitted uses
M1 · 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
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
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
1986
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Lot
1.28 ac
Current owner
From public records · entity-resolved
Hedstrom LLC
Entity
Mailing address
224 ALEXANDRA CT, EUGENE, OR 97404-1638
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
Hedstrom LLC
—
Deed
related
$850,000 · Golden Valley Bank
Jun 29, 2023
—
Hedstrom LLC
Scott William Armstrong
Grant Deed
—
May 1, 2023
—
Scott William Armstrong
Scott Armstrong
Intrafamily Transfer
related
—
Sep 5, 1985
$50,000
Armstrong Scott Lynn Construction
—
Grant Deed
related
—
Jan 1, 1984
—
—
—
Grant Deed
related
—
—
—
Scott Armstrong
—
Deed Of Trust
related
$576,000 · Cnl Commercial Finance INC
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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