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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Office buildings
605 We Ave Chico, CA 95926-7201
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2479937
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
WOOD
Total area
9,492 SF
Lot
0.65 ac (28,314 SF)
APN
042-700-033-000
UPID
US09-2479937
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
$2.15M
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.15M
Owner & transaction history
Interventional Pain Solutions PC · 1 yrs held
Interventional Pain Solutions PC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+67.3%
Retail stores
$2.2M
+37.2%
Apartment house (5+ units)
$1.8M
+10.5%
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
$2,145,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
$1,785,000
6.5%
$1,650,000
7%
$1,530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Current use
COMMERCIAL (GENERAL)
$2,665,000
Change: +67% · Conversion: Easy
RETAIL STORES
$2,185,000
Change: +37% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,760,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,460,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±10% · vs last sale $2.15M (Jul 31 2024)
Last sale anchor
$2.15M
Jul 31 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
$226 / 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
$19,995
Tax year 2024
Assessed value
$1,693,489
Assessed 2024
Previous assessed
$1,693,489
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$237,805
Assessed improvement
$1,455,684
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
9,492 SF
Lot
0.65 ac (28,314 SF)
APN
042-700-033-000
UPID
US09-2479937
Jurisdiction
BUTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Interventional Pain Solutions PC
Individual
Mailing address
605 WE AVE, CHICO, CA 95926-7201
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
$2,145,000
Interventional Pain Solutions PC
Janice S Hazlehurst
Grant Deed
$1,716,000 · Northern California National Bank
Sep 29, 2022
—
Janice S Hazlehurst
Janice S Hazlehurst
Intrafamily Transfer
related
$700,000 · Golden Valley Bank
Jan 16, 2020
—
Motentlal Ventures LLC
—
Deed
related
—
Jul 7, 2010
—
Hazlehurst 1995 Trust
Hazlehurst 1995 Trust
Quit Claim Deed
related
—
Feb 4, 2010
—
Hazlehurst 1995 Trust
Hazlehurst,james A
Affidavit Of Death
related
—
Nov 13, 2003
—
Gilbert,tr
Gilbert Benjamin N & Valley M
Quit Claim Deed
related
—
Aug 21, 2003
$883,000
Arregui,tr
Hazlehurst,tr
Grant Deed
$1,060,000 · Tri Counties Bank
Jan 29, 1997
—
Hazlehurst Trust
Hazlehurst Trust
Quit Claim Deed
related
$384,600 · Tri Counties Bank
—
—
Motentlal Ventures LLC
—
Loan Modification
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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