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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Warehouses
1232 Ss Ave Turlock, CA 95380-5113
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0395368
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
TILT-UP CONCRETE
Total area
4,680 SF
Lot
0.88 ac (38,332 SF)
APN
050-006-014-000
UPID
US09-0395368
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$446k
Blend (final)
Blend
$645k
Owner & transaction history
Jackson Mitchell INC · 6 yrs held
Jackson Mitchell INC
since 2020
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$975,000
+217.7%
Commercial (general)
$650,000
+111.3%
Retail stores
$525,000
+71.1%
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
$675,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$975,000
Change: +218% · Conversion: Easy
COMMERCIAL (GENERAL)
$650,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +71% · Conversion: Moderate
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $850k (May 28 2020)
Last sale anchor
$850k
May 28 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
$138 / 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
$9,785
Tax year 2024
Assessed value
$911,368
Assessed 2024
Previous assessed
$911,368
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$166,189
Assessed improvement
$745,179
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
4,680 SF
Lot
0.88 ac (38,332 SF)
APN
050-006-014-000
UPID
US09-0395368
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
AUTO REPAIR, GARAGE
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$650,000
RETAIL STORES
Est. value
$525,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
0.88 ac
Current owner
From public records · entity-resolved
Jackson Mitchell INC
Entity
Mailing address
1240 SS AVE, TURLOCK, CA 95380-5113
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
$850,000
Jackson Mitchell INC
Dennis M JR
Grant Deed
—
Sep 2, 2005
—
Joe S Mullinax
Mullinax,joel & Denise
Quit Claim Deed
related
$700,000 · Yosemite Land Bank Flca
Mar 19, 2002
$520,000
Dennis M Serpa
Towne Enterprises
Grant Deed
$468,000 · Towne Enterprises
Feb 16, 1999
$362,500
Towne Enterprises LP
Volk Enterprises INC
Grant Deed
$191,100 · Schonhoff Trust
Jan 31, 1992
$575,000
Emterprises Volk
Volk Inv Co
Grant Deed
related
—
Dec 29, 1989
$475,000
Volk Dev Co
Volk,tony J
Grant Deed
related
—
—
—
Joe S Mullinax
—
Deed Of Trust
related
$75,000 · Central California 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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