Individually Owned 
For Sale
1 / 32
$2,795,000
931 W East Ave, Chico, CA 95926
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Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
14,899 SF
Lot
0.75 ac (32,670 SF)
Zoning code
R4
APN
042-070-165-000
UPID
US10-3202635
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$2.73M
Owner & transaction history
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
R4 · Chico, CA
Zoning description
R4 High Density Residential High Density Residential (HDR) - 20 to 70 units per gross acre RMU Residential Mixed Use (RMU) Residential Mixed Use (RMU) (10 to 20 units per gross acre) Commercial and Office Zoning District…
General category
RESIDENTIAL
Top alternative use upside
Commercial (general)
$4.2M
+51.5%
Retail stores
$3.4M
+24.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.73M
Value range
$2.46M – $3.00M
±10% around blend
Estimated value / SF
$183 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$2.46M
blend $2.73M
$3.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,899 SF
Lot area
0.75 ac
Year built
1980
Stories
2
APN
042-070-165-000
Zoning
R4
Assessed value
$2,080,436
Annual tax
$23,056
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.65M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.87M
@ 6.5% CAP return
$2.65M
@ 7% CAP return
$2.46M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$23,056
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.12M
Range $1.62M – $4.88M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.73M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 47 sales
$185
-1%
Submarket 100 sales
$197
-7%
County 140 sales
$183
+0%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $183/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+51%
vs current-use indication
Retail Stores
Apartment House (5+ Units) · current use
Office Building
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
6.15%
Selected cap rate for this apartment buildings
Derived from the Chico market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.15%
9.0%
NOI (est.)
$172k *
Last sale · Nov 2024
$2.58M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.80M
Move the market yield to see immediate price impact.
Value / SF
$188
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.65%6.15%6.65%
$155k
$2.74M
$2.52M
$2.33M
$172k
$3.04M
$2.80M
$2.59M
$189k
$3.35M
$3.08M
$2.84M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$23,056
Tax year 2024
Assessed value
$2,080,436
Assessed 2024
Previous assessed
$2,080,436
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$520,200
Assessed improvement
$1,560,236
Applied tax rate
62.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1980
Construction
WOOD
Heating
NONE
Stories
2
Units
20
Bathrooms
2
Total area
14,899 SF
Lot
0.75 ac (32,670 SF)
Zoning code
R4
APN
042-070-165-000
UPID
US10-3202635
Jurisdiction
BUTTE
Zoning & alternative use
R4 · Chico, CAZoning R4 · permitted uses
R4 · Chico, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
R4 High Density Residential High Density Residential (HDR) - 20 to 70 units per gross acre RMU Residential Mixed Use (RMU) Residential Mixed Use (RMU) (10 to 20 units per gross acre) Commercial and Office Zoning District…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
2
Units
20
Bathrooms
2
Lot
0.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R4
RESIDENTIAL
Jurisdiction
Chico, CA
Recorded code
R4
Official district
R4
Official district profile
What the municipal code says about R4
Zoning description
R4 High Density Residential High Density Residential (HDR) - 20 to 70 units per gross acre RMU Residential Mixed Use (RMU) Residential Mixed Use (RMU) (10 to 20 units per gross acre) Commercial and Office Zoning District…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R4 in Chico, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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