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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Apartment buildings
1225 Houser Ln Modesto, CA 95351-2107
Entity Owned
28-yr Hold
Property ID
US09-1585670
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
WOOD
Total area
1,515 SF
Lot
3.09 ac (134,600 SF)
APN
030-016-062-000
UPID
US09-1585670
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
-
Houser Glen Senior Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$620k
Owner & transaction history
Senior Housing Assoc Ix LP · 28 yrs held
Senior Housing Assoc Ix LP
since 1997
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$610,000
+37.8%
Medical building
$495,000
+11.4%
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 Modesto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Modesto 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
by Request
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$445,000
Current use
AUTO REPAIR, GARAGE
$610,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$495,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$395,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$409 / 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
$143
Tax year 2024
Assessed value
$5,309,793
Assessed 2024
Previous assessed
$5,309,793
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$900,807
Assessed improvement
$4,408,986
Applied tax rate
2.0000
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
1991
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Bathrooms
76
Total area
1,515 SF
Lot
3.09 ac (134,600 SF)
APN
030-016-062-000
UPID
US09-1585670
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$610,000
MEDICAL BUILDING
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$395,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1991
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
2
Bathrooms
76
Lot
3.09 ac
Current owner
From public records · entity-resolved
Senior Housing Assoc Ix LP
Entity
Mailing address
4128 AMARGOSA DR, ANTIOCH, CA 94531-8242
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
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
Apr 2, 2018
—
First American Title Insurance Comp
—
Deed
related
$2,400,000 · Homestreet Bank
Dec 30, 1997
$25,500
Senior Housing Assoc Ix LP
Webb,william W
Trustees Deed
related
—
Dec 30, 1997
$42,000
Senior Housing Assoc Ix LP
Hartman,william R & Sandra J
Trustees Deed
related
—
Apr 27, 1994
$97,500
Senior Housing Associates Ix
Stone,j W & Mild
Grant Deed
—
Feb 25, 1993
$173,000
Bill J W
Senior Housing A
Grant Deed
—
Feb 24, 1993
$534,000
Senior Housing Associates
P & R Enterprise
Grant Deed
related
$195,000 · P&r Enterprises
Jan 15, 1993
$152,000
William R Hartman
P & R Enterprise
Grant Deed
related
—
Dec 4, 1992
$246,000
William R Hartman
P & R Enterprise
Grant Deed
—
—
—
Senior Housing Associates Ix
—
Deed Of Trust
related
$2,000,000 · M & T Realty Capital Corp
—
—
Housing Assoc 1x Senior
—
Deed Of Trust
related
$2,150,000 · Greenwich Capital Fin'l INC
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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