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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Apartment buildings
1113 Colorado Ave Turlock, CA 95380-2703
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-3766824
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Construction
WOOD
Total area
9,538 SF
Lot
0.54 ac (23,522 SF)
Zoning code
RH
APN
042-025-019-000
UPID
US09-3766824
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
$1.65M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.65M
Owner & transaction history
Fazl4 LLC · 2 yrs held
Fazl4 LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
RH · Turlock, 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 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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$1,985,000
6.5%
$1,830,000
7%
$1,700,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,685,000
Change: -9% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,560,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Feb 16 2024)
Last sale anchor
$1.65M
Feb 16 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
$173 / 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
$18,789
Tax year 2024
Assessed value
$1,750,992
Assessed 2024
Previous assessed
$1,750,992
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$180,405
Assessed improvement
$1,570,587
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
2
Total area
9,538 SF
Lot
0.54 ac (23,522 SF)
Zoning code
RH
APN
042-025-019-000
UPID
US09-3766824
Jurisdiction
STANISLAUS
Zoning & alternative use
RH · Turlock, CA
Zoning RH · permitted uses
RH · Turlock, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Turlock. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
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
2003
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Bathrooms
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Fazl4 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 961, DENAIR, CA 95316-0961
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
—
Fazl4 LLC
Jahanbakhsh Bakhtiarnejad
Intrafamily Transfer
related
—
Mar 3, 2023
—
Jahanbakhsh Bakhtiarnejad
Jahanbakhsh Bakhtiarnejad
Intrafamily Transfer
related
—
Aug 14, 2020
$1,650,000
Fariba Amani
Ernest J Echavarria
Grant Deed
—
Dec 22, 2004
$1,400,000
Ernest J Echavarria
Aivaz,martin
Grant Deed
—
Feb 27, 2004
$1,150,000
Martin Aivaz
Mulvey,scott
Grant Deed
$700,000 · World Savings Bank
Feb 27, 2004
—
Martin Aivaz
Aivaz,sheila
Quit Claim Deed
related
—
Apr 18, 2002
$130,000
Scott Mulvey
Wesley L Peterson Pst
Grant Deed
$600,000 · Moore Trust
Apr 18, 2002
—
Craig H Mcclearen
Mcclearen,kim
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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