Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Apartment buildings
542 Nord Ave Chico, CA 95926-4758
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-1667191
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
20,928 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C1
APN
043-220-010-000
UPID
US09-1667191
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
-
University Terrace Apartments Apartment Building
-
Contagious Sounds Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$1.83M
Owner & transaction history
State Of California · 3 yrs held
State Of California
since 2023
7 recorded transactions
Zoning & alternative use
C1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$87 / 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
$15,882
Tax year 2024
Assessed value
$1,421,516
Assessed 2024
Previous assessed
$1,421,516
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$274,200
Assessed improvement
$1,147,316
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Bathrooms
4
Total area
20,928 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C1
APN
043-220-010-000
UPID
US09-1667191
Jurisdiction
BUTTE
Zoning & alternative use
C1 · Chico, CA
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
NONE
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
State Of California
Individual
Mailing address
703 PO BOX 1142ND ST, DURHAM, CA 95938-1142
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
—
State Of California
Mike Ballou LLC
Grant Deed
—
Dec 13, 2022
—
Mike Ballou LLC
Michael S Ballou
Grant Deed
—
Aug 16, 2017
—
Michael S Ballou
—
Deed
related
$800,000 · Wells Fargo Bank NA
Oct 5, 2012
—
Ballou M Separate Property Trust
Ballou,michael S & Connie J
Quit Claim Deed
related
—
Oct 22, 2010
—
Michael S Ballou
Ballou,michael S
Quit Claim Deed
related
—
Jun 14, 2001
—
Michael Ballou Enterprises INC
Ballou,michael S
Quit Claim Deed
related
$1,500,000 · Tri Counties Bank
Jan 1, 1983
$700,000
Ballou,michael S|university Terrace Apar
—
Grant Deed
related
—
Nov 1, 1979
$378,500
—
—
Grant Deed
related
—
—
—
Michael S Ballou
—
Deed Of Trust
related
$500,000 · Tri Counties Bank
—
—
Michael S Ballou
—
Deed Of Trust
related
$440,000 · Tri Counties Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 542 Nord Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
