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Property profile & analytics
OFF-MARKET
Estimated value
$3,760,000
Apartment buildings
135 Sheridan Ave, Manteca, CA 95336-4864
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0392499
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1965
Construction
WOOD
Total area
19,796 SF
Lot
0.88 ac (38,180 SF)
Zoning code
R3
APN
223-320-020-000
UPID
US09-0392499
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
by Request
CAP Approach
CAP
$3.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.76M
Owner & transaction history
Cemss Sheridan LLC
Cemss Sheridan LLC
since 2025
7 recorded transactions
Zoning & alternative use
R3 · Manteca, 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 Manteca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manteca 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%
$4,055,000
6.5%
$3,745,000
7%
$3,475,000
Blend value · Realmo final
$3.76M
Range $3.38M – $4.14M · ±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
$190 / 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
$33,957
Tax year 2024
Assessed value
$3,062,204
Assessed 2024
Previous assessed
$3,062,204
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$656,186
Assessed improvement
$2,406,018
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 (100+ UNITS)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
25
Bathrooms
25
Total area
19,796 SF
Lot
0.88 ac (38,180 SF)
Zoning code
R3
APN
223-320-020-000
UPID
US09-0392499
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
R3 · Manteca, CA
Zoning R3 · permitted uses
R3 · Manteca, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manteca. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
25
Bathrooms
25
Lot
0.88 ac
Current owner
From public records · entity-resolved
Cemss Sheridan LLC
Entity
Mailing address
180 GRAND AVE STE #1405, OAKLAND, CA 94612-3790
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$5,150,000
Cemss Sheridan LLC
Redwood Property Investors III LLC
Grant Deed
$3,347,000 · The Golden 1 Cu
Apr 5, 2024
—
Redwood Property Investors III LLC
—
Deed
related
$24,000,000 · Wells Fargo Bank NA
Apr 9, 2021
—
Redwood Prop Investors III LLC
—
Deed
related
$15,540,600 · Mufg Union Bank NA
Apr 29, 2020
—
Redwood Prop Invtrs III LLC
—
Deed
related
$27,500,000 · Housing Cap
Sep 26, 2019
—
Redwood Prop Invtrs III LLC
—
Deed Of Trust
related
$27,500,000 · Housing Cap
Jun 28, 2019
$2,800,000
Redwood Prop Invtrs Ill LLC
Grewal,pritam S & Manjeet
Grant Deed
—
Oct 12, 2000
$950,000
Pritam S Grewal
Meintasis,nick G & Constance A
Grant Deed
$712,500 · Cathay Bank
—
—
Pritam S Grewal
—
Deed Of Trust
related
$500,000 · Cathay Bank
—
—
Pritam S Grewal
—
Deed Of Trust
related
$537,103 · Cathay Bank
—
—
Pritam S Grewal
—
Deed Of Trust
related
$3,000,000 · San Joaquin County (ca)
—
—
Redwood Prop Invtrs III LLC
—
Loan Modification
related
$27,500,000 · Housing Cap
—
—
Pritam S Grewal
—
Deed Of Trust
related
$467,818 · Cathay 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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