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Property profile & analytics
OFF-MARKET
Estimated value
$105,475,000
Warehouses
1207 Grant Line Rd Tracy, CA 95304-8534
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3591086
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
610,914 SF
Lot
28.11 ac (1,224,472 SF)
Zoning code
M1
APN
213-070-900-000
UPID
US09-3591086
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
-
Youngs Market Warehouse & Storage
-
Republic National Distribution Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$132.05M
Comparable Approach
Comparable
$97.98M
Blend (final)
Blend
$105.48M
Owner & transaction history
Uslp Tracy Vi Owner LLC · 4 yrs held
Uslp Tracy Vi Owner LLC
since 2021
Last sale
$112.0M
3 recorded transactions
Zoning & alternative use
M1 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$169.9M
+192.0%
Office building
$154.2M
+164.9%
Industrial (general)
$142.0M
+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
$99,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$143,050,000
6.5%
$132,045,000
7%
$122,615,000
Alternative Use
Use
Estimation
RESTAURANT
$169,940,000
Change: +192% · Conversion: Difficult
OFFICE BUILDING
$154,175,000
Change: +165% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$142,040,000
Change: +144% · Conversion: Easy
MEDICAL BUILDING
$133,405,000
Change: +129% · Conversion: Difficult
AUTO REPAIR, GARAGE
$94,755,000
Change: +63% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$87,710,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$105.48M
Range $94.93M – $116.02M · ±10% · vs last sale $112.00M (Sep 9 2021)
Last sale anchor
$112.00M
Sep 9 2021
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
$1,280,195
Tax year 2024
Assessed value
$116,524,800
Assessed 2024
Previous assessed
$116,524,800
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$29,297,664
Assessed improvement
$87,227,136
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
2019
Cooling
CENTRAL
Stories
1
Total area
610,914 SF
Lot
28.11 ac (1,224,472 SF)
Zoning code
M1
APN
213-070-900-000
UPID
US09-3591086
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
M1 · Tracy, CA
Zoning M1 · permitted uses
M1 · 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
$169.9M
OFFICE BUILDING
Est. value
$154.2M
INDUSTRIAL (GENERAL)
Est. value
$142.0M
MEDICAL BUILDING
Est. value
$133.4M
AUTO REPAIR, GARAGE
Est. value
$94.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$87.7M
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2019
Cooling
Yes
Stories
1
Lot
28.11 ac
Current owner
From public records · entity-resolved
Uslp Tracy Vi Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
601 S FIGUEROA ST, LOS ANGELES, CA 90017-5704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 1, 2026
—
Uslp Tracy IV LP
—
Deed
related
$850,000,000
Oct 19, 2021
—
Uslp Tracy IV LP
—
Deed
related
$56,840,000 · Bank Of America NA
Sep 9, 2021
$112,000,000
Uslp Tracy Vi Owner LLC
Ipt Tracy Dc Vi LLC
Grant Deed
—
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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