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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Apartment buildings
655 Ee Ave Chico, CA 95926-1248
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0016996
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
4,256 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CC
APN
007-280-036-000
UPID
US09-0016996
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
-
Luke's Landscape Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$660k
Owner & transaction history
Daniel A Salado · 3 yrs held
Daniel A Salado
since 2023
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
CC · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$980,000
+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
$690,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$790,000
Current use
RETAIL STORES
$980,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $500k (Apr 4 2023)
Last sale anchor
$500k
Apr 4 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
$155 / 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
$6,177
Tax year 2024
Assessed value
$556,275
Assessed 2024
Previous assessed
$556,275
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$227,783
Assessed improvement
$328,492
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
1957
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Units
8
Bathrooms
1
Total area
4,256 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CC
APN
007-280-036-000
UPID
US09-0016996
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
$790,000
RETAIL STORES
Est. value
$980,000
OFFICE BUILDING
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
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
1957
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
8
Bathrooms
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Daniel A Salado
Individual
Free & Clear · 3 yrs held
Mailing address
2527 PILLSBURY RD, CHICO, CA 95973-1226
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
Daniel A Salado
Daniel A Salado
Intrafamily Transfer
related
—
Mar 16, 2010
—
Daniel A Salado
Salado C A & P M Family Trust
Quit Claim Deed
related
—
Jan 8, 2010
—
Daniel A Salado
Salado C A & P M Family Trust
Quit Claim Deed
related
—
Dec 5, 2006
$500,000
Salado C A & P M Family Trust
Mid-valley Trust
Grant Deed
—
Dec 18, 2000
—
Mid-valley Trust
Blachly LP
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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