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Property profile & analytics
OFF-MARKET
Estimated value
$3,865,000
Manufacturing properties
12687 Manthey Rd Lathrop, CA 95330-8400
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1846092
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Total area
20,000 SF
Lot
34.74 ac (1,513,274 SF)
Zoning code
82
APN
191-230-070-000
UPID
US09-1846092
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
-
Preston Pipelines Inc Gas Company
-
Badger Infrastructure Solutions - Stockton, CA General Contractor Construction Company
-
BLUE RHINO Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$3.87M
Owner & transaction history
Mdp Valley Properties LLC · 22 yrs held
Mdp Valley Properties LLC
since 2004
7 recorded transactions
Zoning & alternative use
82 · Lathrop, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+65.0%
Medical building
$4.4M
+29.5%
Commercial (general)
$4.0M
+18.2%
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 Lathrop submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lathrop 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,595,000
6.5%
$3,315,000
7%
$3,080,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,370,000
Current use
RESTAURANT
$5,565,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$4,365,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,985,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$3,875,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,100,000
Change: -8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,870,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.87M
Range $3.48M – $4.25M · ±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
$193 / 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
$103,369
Tax year 2024
Assessed value
$7,757,017
Assessed 2024
Previous assessed
$7,757,017
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$3,314,312
Assessed improvement
$4,442,705
Applied tax rate
102.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
20,000 SF
Lot
34.74 ac (1,513,274 SF)
Zoning code
82
APN
191-230-070-000
UPID
US09-1846092
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
82 · Lathrop, CAZoning 82 · permitted uses
82 · Lathrop, CA
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
RESTAURANT
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
2006
Heating
NONE
Stories
1
Lot
34.74 ac
Current owner
From public records · entity-resolved
Mdp Valley Properties LLC
Entity
Free & Clear · 22 yrs held
Mailing address
133 BOTHELO AVE, MILPITAS, CA 95035-5325
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
—
Mdp Valley Properties LLC
—
Deed
related
$3,302,225 · Comerica Bk
Feb 4, 2004
$2,450,000
Mdp Valley Properties LLC
Central Valley Construction In
Grant Deed
—
Apr 4, 2001
—
Central Valley Construction
Alliance Properties LLC
Quit Claim Deed
related
—
May 12, 2000
—
Central Valley Construction In
Hayre's Egg Farms
Grant Deed
$385,000 · Stockton Management & Dev Corp
—
—
Central Valley Construction
—
Deed Of Trust
related
$385,000 · Stockton Management & Dev Corp
—
—
Central Valley Construction Ic
—
Deed Of Trust
related
$12,000 · Alliance Properties LLC
—
—
Mdp Valley Properties LLC
—
Loan Modification
related
$3,302,225 · Comerica Bk
—
—
Mdp Valley Properties LLC
—
Deed Of Trust
related
$4,000,000 · Comerica Bank
—
—
Central Valley Construction
—
Deed Of Trust
related
$34,011 · Ganzer & Williams
—
—
Central Valley Construction
—
Deed Of Trust
related
$100,000 · Alliance Properties LLC
—
—
Hayres Egg Farms INC
—
Deed Of Trust
related
$500,000 · Individual
—
—
Mdp Valley Properties LLC
—
Deed Of Trust
related
$1,185,000 · Comerica Bank
—
—
Mdp Valley Properties LLC
—
Loan Modification
related
$3,962,285 · Comerica Bk
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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