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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Apartment buildings
127 Bel Air Ct Turlock, CA 95380-3255
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1452142
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
2,868 SF
Lot
0.18 ac (7,840 SF)
APN
042-022-074-000
UPID
US09-1452142
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
$545k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$570k
Owner & transaction history
Israel Ibarra · 4 yrs held
Israel Ibarra
since 2021
Last sale
$725,000
7 recorded transactions
Zoning & alternative use
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 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
$460,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$885,000
Current use
MEDICAL BUILDING
$810,000
Change: -9% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $725k (Jul 22 2021)
Last sale anchor
$725k
Jul 22 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
$199 / 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
$8,100
Tax year 2024
Assessed value
$754,290
Assessed 2024
Previous assessed
$754,290
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$88,434
Assessed improvement
$665,856
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
4
Bathrooms
1
Total area
2,868 SF
Lot
0.18 ac (7,840 SF)
APN
042-022-074-000
UPID
US09-1452142
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
$885,000
MEDICAL BUILDING
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
4
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Israel Ibarra
Individual
Mailing address
PO BOX 2862, TURLOCK, CA 95381-2862
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$725,000
Israel Ibarra
Tony Gregorio
Grant Deed
$525,000 · Scenic Oaks Funding
Jun 27, 2016
—
Gregory,tony & K 2016 Trust
Gregorio,tony
Quit Claim Deed
related
—
Jul 1, 2013
—
Falk,d 2005 Trust
Falk Jennifer K Trust
Quit Claim Deed
related
$202,500 · Fremont Bank
Jul 1, 2013
$360,000
Tony Gregorio
Falk D 2005 Trust
Grant Deed
—
May 21, 2013
—
Falk,ann S Trust
Falk Ann S Trust
Quit Claim Deed
related
—
Dec 22, 2010
—
Falk Ann Stone Trust
Falk Ann S Trust
Quit Claim Deed
related
—
Jun 1, 2010
—
Falk Ann S Trust
Falk D 2005 Trust
Quit Claim Deed
related
—
Apr 11, 2005
—
Falk D 2005 Trust
Falk,douglas L
Quit Claim Deed
related
—
Sep 19, 2001
—
Douglas L Falk
Falk,douglas L
Quit Claim Deed
related
$225,000 · Secured Bankers Mortgage Co
—
—
Douglas L Falk
—
Deed Of Trust
related
$434,000 · Sierra Pacific Mortgage
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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