Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    849 8th St Chico, CA 95928-5012
    Back to Search
    Property profile & analytics

    849 8th St, Chico, CA 95928-5012

    View on Map
    • Gas stations
    • 7,680 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Oct 7, 2021
    Property ID
    US09-2857322
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ramble West Brewing / Production Facility / Brewery & Distillery

    Property Details for 849 8th St

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Zone code
    M1
    Property type
    Gas stations
    APN
    004-268-016-000
    APU
    4268016000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 7, 2021 — Grigg Commercial Property LLC Jesse M Grigg Grant Deed —
    Sep 12, 2019 $550,000 Grigg,jesse M Trust Baker Distributing Co LLC Grant Deed —
    Sep 10, 1997 $102,000 Acquistion Coro Wurzbach Watsco INC Grant Deed —
    Aug 26, 1997 $102,000 Watsco INC William Wurzbach Co INC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.843
    Latitude
    39.7211
    CBSA code
    17020
    CBSA name
    CHICO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,704
    $134,023
    $198,356
    $332,379
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.40 Acres

      601 Orange St

      SERVICE STATION WITH FOOD MART
      601 Orange St, Chico, CA 95928-5020
      View Details
    • Value Estimation by Request
      1,056 SF

      1330 Locust St

      SERVICE STATION WITH FOOD MART
      1330 Locust St, Chico, CA 95928-6138
      View Details
    • Value Estimation by Request
      2,944 SF

      2600 Notre Dame Blvd

      SERVICE STATION WITH FOOD MART
      2600 Notre Dame Blvd, Chico, CA 95928-8808
      View Details
    • Value Estimation
      $1,665,000
      11,680 SF

      2300 Park Ave

      SERVICE STATION WITH FOOD MART
      2300 Park Ave, Chico, CA 95928-7452
      View Details
    • Value Estimation
      $2,335,000
      48,650 SF

      2520 Zanella Way

      SERVICE STATION WITH FOOD MART
      2520 Zanella Way, Chico, CA 95928-7130
      View Details
    • Value Estimation
      $1,835,000
      13,382 SF

      2470 Frst Ave

      SERVICE STATION WITH FOOD MART
      2470 Frst Ave, Chico, CA 95928
      View Details

    Similar Nearby for Sale

    • $350,000
      11,170 SF

      Motorsports Business Opportunity in Chico

      Established motorsports business with high visibility location and functional layout.
      1538 Park Ave, Chico, CA 95928
      View Details
    • $390,000

      Leased Restaurant Investment Opportunity

      Fully leased restaurant in downtown Chico with parking.
      1020 Main St, Chico, CA 95928
      View Details
    • $1,950,000
      9,768 SF

      Historic El Rey Theater For Sale

      Historic Chico theater and retail spaces for sale.
      230 W 2Nd St, Chico, CA 95928
      View Details
    • $1,590,000
      Pending

      Mixed-Use Property on Hard Corner

      Multi-tenant property with high visibility and strong income potential.
      455 20Th St E 20th, Chico, CA 95928
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      244,950 SF

      Chico Crossroads Retail Center

      Prime Butte County retail space available
      0 20Th St, Chico, CA 95928
      View Details
    • $2,692 /Mo

      Retail Space in South Chico

      Modern retail unit in a desirable South Chico location.
      2477 Forest Ave, Chico, CA 95928
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease on Forest Avenue.
      2619 Forest Ave, Chico, CA 95928
      View Details
    • Contact for pricing

      Retail Space on Salem Street

      Retail space available at the corner of W 1st.
      101 Salem St, Chico, CA 95928
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Chico Crossroads

      Retail space available in a busy Chico shopping center.
      2041-2071 Dr Mlk Jr Pkwy, Chico, CA 95928
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    849 8th St
    Chico, CA 95928-5012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    849 8th St, Chico, CA, 95928
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!