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Property profile & analytics
OFF-MARKET
Estimated value
$6,650,000
Retail space
1000 Monte Vis Ave Turlock, CA 95382-0406
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2060509
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
WOOD
Total area
17,526 SF
Lot
1.62 ac (70,567 SF)
Zoning code
C2
APN
071-073-004-000
UPID
US09-2060509
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
-
LibertyX Bitcoin ATM Atm
-
Cvs Pharmacy
-
higi Physician
-
Amazon Locker - Value Postal Service Courier Service
-
Rite Aid Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.65M
CAP Approach
CAP
$6.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.65M
Owner & transaction history
Pete G Ortiz · 1 yrs held
Pete G Ortiz
since 2024
Last sale
$6.7M
3 recorded transactions
Zoning & alternative use
C2 · Turlock, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.8M
+181.1%
Restaurant
$5.9M
+145.0%
Apartment house (5+ units)
$5.4M
+125.1%
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 Turlock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Turlock 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
$6,650,000
ML approach
$6,650,000
CAP Approach
CAP Return
Estimation
6%
$6,825,000
6.5%
$6,300,000
7%
$5,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,750,000
Change: +181% · Conversion: Difficult
RESTAURANT
$5,885,000
Change: +145% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,410,000
Change: +125% · Conversion: Difficult
MEDICAL BUILDING
$4,935,000
Change: +106% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,700,000
Change: +96% · Conversion: Moderate
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±10% · vs last sale $6.65M (Aug 7 2024)
Last sale anchor
$6.65M
Aug 7 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
$379 / 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
$68,759
Tax year 2024
Assessed value
$6,155,454
Assessed 2024
Previous assessed
$6,155,454
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,617,978
Assessed improvement
$4,537,476
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Total area
17,526 SF
Lot
1.62 ac (70,567 SF)
Zoning code
C2
APN
071-073-004-000
UPID
US09-2060509
Jurisdiction
STANISLAUS
Zoning & alternative use
C2 · Turlock, CAZoning C2 · permitted uses
C2 · Turlock, CA
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
INDUSTRIAL (GENERAL)
Est. value
$6.8M
RESTAURANT
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
INDUSTRIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
WOOD
Heating
NONE
Lot
1.62 ac
Current owner
From public records · entity-resolved
Pete G Ortiz
Individual
Free & Clear · 1 yrs held
Mailing address
2047 W 238TH ST, TORRANCE, CA 90501-6114
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
—
Pete G Ortiz
Pete G Ortiz
Intrafamily Transfer
related
—
Dec 28, 2016
$6,650,000
Pete G Ortiz
Cornerstone Center LP
Grant Deed
$3,990,000 · Stanford FCU
Mar 16, 2007
—
Record Owner
Owner,record
Quit Claim 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.
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