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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office buildings
121 11th St Tracy, CA 95376-4013
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1942668
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
3,000 SF
Lot
0.27 ac (11,655 SF)
Zoning code
NC
APN
233-366-180-000
UPID
US09-1942668
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
-
John L Casenave Law Office Law Firm
-
Sky Trucking Insurance Services Insurance Agency
-
Cal DSL Telecommunications Service
-
Lallria Real Estate Real Estate Agency
-
SKY TRANSPORT SOLUTIONS Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$850k
Owner & transaction history
Sky Dream Properties LLC · 6 yrs held
Sky Dream Properties LLC
since 2020
Last sale
$836,000
7 recorded transactions
Zoning & alternative use
NC · Tracy, 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 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
$905,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$755,000
Current use
MEDICAL BUILDING
$655,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $836k (Apr 1 2020)
Last sale anchor
$836k
Apr 1 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
$283 / 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
$9,706
Tax year 2024
Assessed value
$896,336
Assessed 2024
Previous assessed
$896,336
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$198,356
Assessed improvement
$697,980
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,000 SF
Lot
0.27 ac (11,655 SF)
Zoning code
NC
APN
233-366-180-000
UPID
US09-1942668
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
NC · Tracy, CA
Zoning NC · permitted uses
NC · 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
OFFICE BUILDING Current
Est. value
$755,000
MEDICAL BUILDING
Est. value
$655,000
OFFICE BUILDING Current
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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Sky Dream Properties LLC
Entity
Mailing address
2680 N TRACY BLVD STE #4, TRACY, CA 95376-7771
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
Apr 1, 2020
$836,000
Sky Dream Properties LLC
Connouy Garamendi LLC
Grant Deed
$722,500 · Seacoast Commerce Bank
Apr 1, 2020
—
Connolly Garamendi LLC
Garamendi M C V & 2003 Trust
Quit Claim Deed
related
—
Dec 14, 2018
—
Garamendi,m C V & C M 2003 Trust
—
Deed
related
$350,000 · Bank Of Stockton
Feb 23, 2004
—
Garamendi,tr
Connolly,mark V & Celeste M
Grant Deed
related
—
Aug 19, 1998
—
Mark V Connolly
Connolly,mark V
Quit Claim Deed
related
—
Aug 19, 1998
$142,500
Mark V Connolly
Connolly,matthew J
Quit Claim Deed
related
$285,000 · Tracy Federal Bank
Jun 4, 1992
$364,500
Mark V Connolly
Sasser,arthur R
Grant Deed
$309,800 · Truckee River Bank
—
—
Garamendi,m C V & C M 2003 Trust
—
Deed Of Trust
related
$350,000 · Bank Of Stockton
—
—
Connolly M V 2003
—
Deed Of Trust
related
$400,000 · Stockmans Bank
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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