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Property profile & analytics
OFF-MARKET
Commercial land
Midway Chico, CA 95938
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-4374028
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Lot
0.33 ac (14,374 SF)
Zoning code
C2
APN
040-222-003-000
UPID
US09-4374028
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Martin B Vangrundy · 5 yrs held
Martin B Vangrundy
since 2021
Last sale
$175,000
7 recorded transactions
Zoning & alternative use
C2 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,039
Tax year 2024
Assessed value
$185,711
Assessed 2024
Previous assessed
$185,711
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$185,711
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Heating
NONE
Lot
0.33 ac (14,374 SF)
Zoning code
C2
APN
040-222-003-000
UPID
US09-4374028
Jurisdiction
BUTTE
Zoning & alternative use
C2 · Chico, CA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Lot
0.33 ac
Current owner
From public records · entity-resolved
Martin B Vangrundy
Individual
Mailing address
PO BOX 667, DURHAM, CA 95938-0667
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
—
Martin B Van Gundy
—
Deed
related
$200,000 · Safford Beeson Survivinng Trustors Trus
Jun 11, 2021
$175,000
Martin B Vangrundy
Traci Cooper
Grant Deed
$155,000 · Traci Cooper
Oct 21, 2019
—
Traci Cooper
Mark Cooper
Quit Claim Deed
related
$75,000 · Cummings M & K F/trust (pt)
Dec 31, 2008
$120,000
Mark Cooper
Sticker 2004 Trust
Grant Deed
$97,200 · Stricker 2004 Trust
Oct 17, 2007
—
Joseph J Stricker
Stricker,pennie M H
Affidavit Of Death
related
—
May 23, 2007
—
Stricker 2004 Trust
Stricker,joseph J & Pennie H
Quit Claim Deed
related
—
Dec 11, 2003
$77,500
Joseph J Stricker
Bartlett,barry
Grant Deed
—
Nov 12, 2002
$10,000
Barry Bartlett
Bartlett,barry
Grant Deed
related
—
Aug 14, 2002
$100,000
Barry Bartlett
Daigh,tr
Grant Deed
$80,000 · Daigh Trust
Oct 21, 1998
—
Daigh Trust
Daigh,dale W & Eva M
Quit Claim Deed
related
—
Jan 1, 1975
—
—
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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