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Property profile & analytics
OFF-MARKET
Estimated value
$5,200,000
Apartment buildings
557 Nord Ave Chico, CA 95926-4786
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0414627
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
WOOD
Total area
21,118 SF
Lot
1 ac (43,560 SF)
Zoning code
CC
APN
043-290-010-000
UPID
US09-0414627
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
-
Midtown 557 Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
$3.75M
Comparable Approach
Comparable
$6.92M
Blend (final)
Blend
$5.20M
Owner & transaction history
Prudence Lammers · 1 yrs held
Prudence Lammers
since 2024
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
CC · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+51.5%
Retail stores
$4.9M
+24.2%
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
$5,200,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
$4,065,000
6.5%
$3,750,000
7%
$3,485,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,915,000
Current use
COMMERCIAL (GENERAL)
$5,925,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$4,860,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$3,545,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,245,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10% · vs last sale $5.20M (Oct 22 2024)
Last sale anchor
$5.20M
Oct 22 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
$246 / 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
$57,770
Tax year 2024
Assessed value
$5,227,000
Assessed 2024
Previous assessed
$5,227,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,500,000
Assessed improvement
$3,727,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
54
Bathrooms
3
Total area
21,118 SF
Lot
1 ac (43,560 SF)
Zoning code
CC
APN
043-290-010-000
UPID
US09-0414627
Jurisdiction
BUTTE
Zoning & alternative use
CC · Chico, CA
Zoning CC · permitted uses
CC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$5.9M
RETAIL STORES
Est. value
$4.9M
OFFICE BUILDING
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2017
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
54
Bathrooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
Prudence Lammers
Individual
Free & Clear · 1 yrs held
Mailing address
3045 CERES AVE STE #145, CHICO, CA 95973-5622
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
Prudence Lammers
Prudence Lammers
Deed
related
—
Feb 4, 2020
$5,250,000
Lammers Trust
Lammers Props LLC
Grant Deed
—
Mar 1, 2018
$5,200,000
Lammers Properties LLC
Hass Ptshp
Grant Deed
—
Oct 7, 2016
—
Haas Ptshp
—
Trustees Deed
related
$2,500,000 · Five Star Bk
Apr 15, 2016
—
Hass Ptshp
Mannerino Family Trust
Grant Deed
—
Dec 27, 2006
—
Mannerino Family Trust
Mannerino,f Pete JR & Karenlee
Quit Claim Deed
related
—
Mar 6, 2002
$210,000
Mannerini F P
Fwinecke,warren A
Grant Deed
$162,500 · Tri Counties Bank
—
—
Mannerino F P
—
Deed Of Trust
related
$40,000 · Warren A Winiecke
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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