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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Apartment buildings
711 We Ave Chico, CA 95926-2087
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2682738
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
11,114 SF
Lot
1 ac (43,560 SF)
Zoning code
ASR
APN
042-560-034-000
UPID
US09-2682738
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
$2.90M
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
The Fong Family Partnership · 2 yrs held
The Fong Family Partnership
since 2024
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
ASR · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+51.5%
Retail stores
$2.6M
+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
$2,895,000
ML approach
$2,895,000
CAP Approach
CAP Return
Estimation
6%
$2,140,000
6.5%
$1,975,000
7%
$1,835,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,060,000
Current use
COMMERCIAL (GENERAL)
$3,120,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$2,560,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,865,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±10% · vs last sale $2.90M (Mar 15 2024)
Last sale anchor
$2.90M
Mar 15 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
$260 / 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
$11,484
Tax year 2024
Assessed value
$1,035,137
Assessed 2024
Previous assessed
$1,035,137
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$327,580
Assessed improvement
$707,557
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
13
Bathrooms
3
Total area
11,114 SF
Lot
1 ac (43,560 SF)
Zoning code
ASR
APN
042-560-034-000
UPID
US09-2682738
Jurisdiction
BUTTE
Zoning & alternative use
ASR · Chico, CA
Zoning ASR · permitted uses
ASR · 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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
13
Bathrooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
The Fong Family Partnership
Entity
Mailing address
11 SANTOS WAY, CHICO, CA 95973-1149
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$2,895,000
The Fong Family Partnership
William L Payne
Grant Deed
$1,100,000 · Golden Valley Bank
Jun 29, 2016
—
Wilmikevi Trust
—
Deed
related
$1,150,000 · Tri Counties Bank
Sep 1, 2006
$833,500
Wilmikevi Trust
Vinsonhaler Family Trust
Grant Deed
$749,000 · Vinsonhaler Family Trust
Dec 9, 2003
—
Vinsonhaler,tr
Vinsonhaler,deni J & Clifford B
Quit Claim Deed
related
—
Jan 31, 2003
—
Wilmikevi,tr
Payne,william L & Valerie T
Grant Deed
related
—
Feb 22, 1996
$800,000
William L Payne
Wentz INC
Grant Deed
$540,000 · Home Savings Of America
Jun 4, 1986
$468,000
William L Valerie Glennwood Payne
Wentz INC
Grant Deed
—
—
—
Wilmikevi Trust
—
Deed Of Trust
related
$1,150,000 · Tri Counties Bank
—
—
William L Payne
—
Deed Of Trust
related
$200,000 · Boulding Trust
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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