Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Warehouses
115 Larch Rd Tracy, CA 95304-1606
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0358982
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
5,000 SF
Lot
1.5 ac (65,341 SF)
Zoning code
61
APN
212-220-090-000
UPID
US09-0358982
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
-
Dollar Car Rental - Tracy Hle DLE Car Rental Facility
-
Thrifty Car Rental - Tracy Hle TLE Car Rental Facility
-
Hertz Car Rental - Tracy HLE Car Rental Facility
-
Hertz Car Rental Car Rental Facility
-
Morgan Automotive Repair - Tracy Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Michael West · 5 yrs held
Michael West
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
61 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+192.0%
Office building
$1.3M
+164.9%
Industrial (general)
$1.2M
+144.0%
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 Tracy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tracy 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
$1,500,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,005,000
Alternative Use
Use
Estimation
RESTAURANT
$1,390,000
Change: +192% · Conversion: Difficult
OFFICE BUILDING
$1,260,000
Change: +165% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,165,000
Change: +144% · Conversion: Easy
MEDICAL BUILDING
$1,090,000
Change: +129% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.39M (Dec 4 2020)
Last sale anchor
$1.39M
Dec 4 2020
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
$291 / 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
$15,960
Tax year 2024
Assessed value
$1,472,425
Assessed 2024
Previous assessed
$1,472,425
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$902,026
Assessed improvement
$570,399
Applied tax rate
4.0000
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
1978
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
1.5 ac (65,341 SF)
Zoning code
61
APN
212-220-090-000
UPID
US09-0358982
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
61 · Tracy, CA
Zoning 61 · permitted uses
61 · Tracy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tracy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1978
Heating
NONE
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Michael West
Individual
Mailing address
2057 E YOSEMITE AVE, MANTECA, CA 95336-8500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
West 2014 Living Trust
—
Deed
related
$526,000 · Private Individual
Dec 4, 2020
$1,387,500
Michael West
Beatrix Buckley
Grant Deed
$637,500 · Tri Counties Bank
Apr 24, 2019
—
Realty Buckley G Trust
Nuzum & Buckley 2004 F/tr
Quit Claim Deed
related
—
Apr 10, 2019
—
Nuzum & Buckley 2004 Family Trust
Nuzum,william
Affidavit Of Death
related
—
Aug 2, 2018
—
Nuzum & Buckley 2004 Family Trust
Nuzum,william M
Affidavit Of Death
related
—
May 18, 2004
—
Nuznum
Nuzum,william M & Beatrix B
Grant Deed
related
—
Aug 2, 2002
$225,000
William M Nuzum
Schoessler,jacob R & Georgena K
Grant Deed
—
—
—
West 2014 Living Trust
—
Deed Of Trust
related
$6,375,000 · Tri Counties Bank
—
—
West 2014 Living Trust
—
Deed Of Trust
related
$526,000 · Private Individual
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?”
You own 115 Larch Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
