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Property profile & analytics
FOR SALE
Sports & entertainment properties
230 W 2Nd St Chico, CA 95928
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0230452
For Sale
1 / 41
$1,950,000
230 W 2Nd St, Chico, CA 95928
View Listing →
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1906
Construction
TILT-UP CONCRETE
Total area
9,768 SF
Lot
0.24 ac (10,454 SF)
Zoning code
C1
APN
004-052-008-000
UPID
US09-0230452
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
-
El Rey Theater Music Venue Bar & Pub
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
Thieorem Residential LLC · 3 yrs held
Thieorem Residential LLC
since 2022
7 recorded transactions
Zoning & alternative use
C1 · 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
$16,392
Tax year 2024
Assessed value
$1,045,422
Assessed 2024
Previous assessed
$1,045,422
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$409,967
Assessed improvement
$635,455
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
For Sale
Year built
1906
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Total area
9,768 SF
Lot
0.24 ac (10,454 SF)
Zoning code
C1
APN
004-052-008-000
UPID
US09-0230452
Jurisdiction
BUTTE
Zoning & alternative use
C1 · Chico, CA
Zoning C1 · permitted uses
C1 · 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
1906
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Lot
0.24 ac
Current owner
From public records · entity-resolved
Thieorem Residential LLC
Entity
Mailing address
230 W 2ND ST, CHICO, CA 95928-5306
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
—
Thieorem Residential LLC
Matthew Vernon Thiede
Grant Deed
—
Aug 5, 2022
$700,000
Matthew V Thlede
David M Mccullough
Grant Deed
—
Dec 13, 2018
—
The Majestic Chico LLC
—
Deed
related
$960,000 · Community West Bank NA
Dec 23, 2009
—
Majestic Chico LLC
—
Deed Of Trust
related
$2,700,000 · Stead Financial INC
Sep 25, 2008
—
Majestic Chico LLC
Thedore Brandons A Salon
Quit Claim Deed
related
$225,000 · Hart Diversified LLC
Mar 8, 2005
$765,000
Majestic Chico LLC
United Artists Props I Corp
Grant Deed
—
—
—
United Artists Properties I Co
—
Deed Of Trust
related
—
—
—
Majestic Chico LLC
—
Deed Of Trust
related
$1,000,000 · Vanoverbeek-hawley Living Tr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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