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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Warehouses
2237 Ivy St Chico, CA 95928-7172
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2347447
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
WOOD
Total area
5,880 SF
Lot
0.9 ac (39,204 SF)
APN
039-430-158-000
UPID
US10-2347447
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
-
Mt Shasta Spring Water Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$940k
Owner & transaction history
Lcs Re Holdings LLC · 1 yrs held
Lcs Re Holdings LLC
since 2024
Last sale
$940,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+107.1%
Office building
$1.1M
+71.7%
Industrial (general)
$905,000
+48.0%
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
$940,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$610,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,265,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$1,050,000
Change: +72% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$905,000
Change: +48% · Conversion: Easy
RETAIL STORES
$790,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $940k (Sep 26 2024)
Last sale anchor
$940k
Sep 26 2024
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
$160 / 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
$6,098
Tax year 2024
Assessed value
$550,000
Assessed 2024
Previous assessed
$550,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$225,000
Assessed improvement
$325,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,880 SF
Lot
0.9 ac (39,204 SF)
APN
039-430-158-000
UPID
US10-2347447
Jurisdiction
BUTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$905,000
RETAIL STORES
Est. value
$790,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2002
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Lcs Re Holdings LLC
Entity
Mailing address
555 MAIN ST STE #250, CHICO, CA 95928-5678
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
—
Lcs Re Holdings LLC
—
Deed
related
$750,000 · Golden Valley Bank
Sep 26, 2024
$940,000
Lcs Re Holdings LLC
M & D Burke Properties LP
Grant Deed
—
Sep 26, 2024
—
Michael P Burke
Michael P Burke
Correction Deed
related
—
Feb 23, 2009
—
Michael P Burke
Mouren-laurens,honorine
Quit Claim Deed
related
—
Mar 14, 2008
$602,500
Honorine Mouren-laurens
Damschen F E 1992 Trust
Grant Deed
—
Jul 27, 2005
—
Damschen Floyd E 1992 Trust
Damschen,floyd E
Quit Claim Deed
related
—
—
—
Floyd E Damschen
—
Deed Of Trust
related
$300,000 · Tehama 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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