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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Manufacturing properties
9296 Midway Durham, CA 95938-9779
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0272924
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Construction
STEEL FRAME
Total area
24,833 SF
Lot
2.72 ac (118,483 SF)
Zoning code
GI
APN
040-200-006-000
UPID
US09-0272924
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
-
Westgate Hardwoods General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$2.77M
Owner & transaction history
9296 Midway LLC · 4 yrs held
9296 Midway LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
GI · Durham, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.5M
+18.9%
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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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
$2,545,000
ML approach
$2,675,000
CAP Approach
CAP Return
Estimation
6%
$2,515,000
6.5%
$2,320,000
7%
$2,155,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,815,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,540,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$3,750,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$3,065,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $2.80M (Oct 19 2021)
Last sale anchor
$2.80M
Oct 19 2021
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
$111 / 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
$31,508
Tax year 2024
Assessed value
$2,913,120
Assessed 2024
Previous assessed
$2,913,120
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$312,120
Assessed improvement
$2,601,000
Applied tax rate
70.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
24,833 SF
Lot
2.72 ac (118,483 SF)
Zoning code
GI
APN
040-200-006-000
UPID
US09-0272924
Jurisdiction
BUTTE
Zoning & alternative use
GI · Durham, CA
Zoning GI · permitted uses
GI · Durham, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
OFFICE BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1920
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
9296 Midway LLC
Entity
Mailing address
9296 MIDWAY, DURHAM, CA 95938-9779
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
$2,800,000
9296 Midway LLC
Ivan A Hoath JR
Grant Deed
$1,680,000 · First Republic Bank
May 11, 2020
—
Ivan A Hoath JR.
—
Deed
related
$500,000 · Northern California National Bank
Nov 26, 2019
—
Hoath Trust
Ivan A JR
Quit Claim Deed
related
—
Jul 30, 2004
$635,000
Ivan A Hoath
Bell,janet
Grant Deed
$360,000 · Janet Bell
Aug 23, 2002
$660,000
Janet Bell
Medearis,mark & Jody L
Grant Deed
—
Dec 30, 1998
$425,000
Feather River Wood & Glass Co
Evers,daniel E
Grant Deed
$330,000 · Seller
Jul 24, 1996
—
Daniel E Evers
Evers,daniel E
Quit Claim Deed
related
$315,000 · Oroville Internal Medical INC
Sep 27, 1994
—
Daniel E Evers
Evers,mary
Quit Claim Deed
related
—
—
—
Ivan A Hoath JR.
—
Deed Of Trust
related
$635,000 · Tri Counties Bank
—
—
Ivan A Hoath JR
—
Deed Of Trust
related
$335,000 · First Nthrn Bk/dixon
—
—
Daniel E Evers
—
Deed Of Trust
related
—
—
—
Janet Bell
—
Deed Of Trust
related
$315,000 · Janet K Peterson
—
—
Ivan A Hoath JR.
—
Deed Of Trust
related
$300,000 · John & Candace Messina
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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