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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Sports & entertainment properties
1293 1st Ave Chico, CA 95926-1548
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2588203
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1956
Construction
TILT-UP CONCRETE
Total area
55,199 SF
Lot
5.46 ac (237,837 SF)
Zoning code
RP
APN
045-712-001-000
UPID
US09-2588203
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
-
Kathryn F. Piluso, PT Physician
-
North Valley Swim School Swimming School
-
Synergy Fusion Cafe Restaurant
-
SuperFresh Restaurant
-
Sharlynn Landers Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.10M
Owner & transaction history
Ltw LLC · 6 yrs held
Ltw LLC
since 2019
7 recorded transactions
Zoning & alternative use
RP · 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
Method
Estimation
Statistic approach
by Request
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,620,000
Current use
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10%
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
$20 / 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
$45,088
Tax year 2024
Assessed value
$4,074,365
Assessed 2024
Previous assessed
$4,074,365
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,573,284
Assessed improvement
$1,501,081
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
55,199 SF
Lot
5.46 ac (237,837 SF)
Zoning code
RP
APN
045-712-001-000
UPID
US09-2588203
Jurisdiction
BUTTE
Zoning & alternative use
RP · Chico, CA
Zoning RP · permitted uses
RP · 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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.6M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
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
1956
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.46 ac
Current owner
From public records · entity-resolved
Ltw LLC
Entity
Mailing address
1293 E 1ST AVE, CHICO, CA 95926-1548
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Ltw LLC
—
Deed
related
$3,400,000 · Golden Valley Bank
Jul 6, 2020
—
Ltw LLC
—
Deed
related
$1,173,000 · Private Individual
Sep 5, 2019
$3,800,000
Ltw LLC
Fwh Enterprises LLC
Grant Deed
$1,900,000 · Golden Valley Bank
Sep 5, 2019
—
Ltw LLC
—
Deed
related
$1,140,000 · Golden Vly Bk
Mar 25, 2015
—
Ibam INC
—
Trustees Deed
related
$978,900 · Golden Vly Bk
Dec 9, 2010
—
Fwh Ents LLC
Hignell Family Trust
Grant Deed
related
—
Mar 29, 2007
—
Fwh Ents LLC
Hignell Family Trust
Grant Deed
—
Mar 22, 2007
—
Hignell Family Trust
Hignell F & E 1990 Trust
Quit Claim Deed
related
—
Jun 21, 2006
—
Ibam INC
Ibam
Quit Claim Deed
related
$2,018,000 · Butte Community Bank
Jun 9, 1987
$426,600
Hignell,fred & Hignell Eileen Family Trust
Hignell,fred W JR
Grant Deed
related
—
—
—
Ibam INC
—
Deed Of Trust
related
$2,714 · Greater Sacramento Certified
—
—
Ibam INC
—
Deed Of Trust
related
$756,000 · Greater Sacramento Certified
—
—
Ltw LLC
—
Deed Of Trust
related
$1,140,000 · Golden Vly Bk
—
—
I B A M INC
—
Deed Of Trust
related
$300,000 · California Economic Dev Lendin
—
—
Ltw LLC
—
Deed Of Trust
related
$1,173,000 · Private Individual
—
—
Ibam INC
—
Deed Of Trust
related
$1,280,700 · Butte Community Bank
—
—
Ibam INC
—
Deed Of Trust
related
$240,600 · Rabobank
—
—
Ibam INC
—
Deed Of Trust
related
$737,300 · Butte Community Bank
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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