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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Medical Office Space
1199 Delbon Ave Turlock, CA 95382-2006
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2935956
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
10,920 SF
Lot
1.05 ac (45,738 SF)
APN
072-036-005-000
UPID
US10-2935956
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
-
Turlock Physical Therapy Center Physician
-
Slovek Richard W MD Physician
-
Bassam Aljomard Pediatrician Medical Clinic
-
Caton Robert E MD Physician
-
Rose Yousefian Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$2.47M
Owner & transaction history
Bar V Buildings LLC · 4 yrs held
Bar V Buildings LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+19.2%
Apartment house (5+ units)
$3.4M
+9.5%
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
$2,345,000
ML approach
$2,175,000
CAP Approach
CAP Return
Estimation
6%
$2,630,000
6.5%
$2,425,000
7%
$2,255,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,075,000
Current use
RESTAURANT
$3,665,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,370,000
Change: +10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,930,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±10% · vs last sale $2.55M (Jun 29 2022)
Last sale anchor
$2.55M
Jun 29 2022
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
$226 / 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
$28,463
Tax year 2024
Assessed value
$2,653,019
Assessed 2024
Previous assessed
$2,653,019
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$713,714
Assessed improvement
$1,939,305
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
CENTRAL
Stories
2
Units
1
Total area
10,920 SF
Lot
1.05 ac (45,738 SF)
APN
072-036-005-000
UPID
US10-2935956
Jurisdiction
STANISLAUS
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
MEDICAL BUILDING Current
Est. value
$3.1M
RESTAURANT
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
WOOD
Heating
CENTRAL
Stories
2
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Bar V Buildings LLC
Entity
Mailing address
2930 GEER RD135A, TURLOCK, CA 95382-1142
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
—
Barv Buildings LLC
—
Deed
related
$175,000 · Success Capital Expansion & Development
Jun 29, 2022
$2,550,000
Bar V Buildings LLC
1199 Dulbon Partners LLC
Grant Deed
$1,285,000 · Pnc Bank NA
Jun 29, 2022
—
Turlock Eyecare Optometric Corporat
Bar V Buildings LLC
Lease
$1,058,000 · Success Capital Expansion & Development
Jan 24, 2019
$1,900,000
1199 Delbon Partners LLC
Sands R & J Trust
Grant Deed
—
Sep 10, 2004
—
Sands Russell & J Trust
Sands,russell B
Quit Claim Deed
related
—
Apr 28, 2003
—
Williams C Sands
Sands,nancy A
Quit Claim Deed
related
—
Apr 28, 2003
$1,975,000
Russell S Sands
In-shape Management Co INC
Grant Deed
$1,382,500 · Union Safe Deposit Bank
Oct 24, 2001
—
In-shape Management Co INC
Patel,nirmala C
Grant Deed
$784,500 · Nirmala C Patel
Mar 17, 1989
$190,000
Chandrakan Patel
Wheeler,ronald
Grant Deed
—
—
—
Sands R & J Trust
—
Deed Of Trust
related
$1,400,000 · Bank Of The West
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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