New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Apartment buildings
1441 Parker Ave Tracy, CA 95376-3550
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1183689
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1959
Construction
WOOD
Total area
22,274 SF
Lot
0.8 ac (34,644 SF)
Zoning code
14
APN
233-083-180-000
UPID
US09-1183689
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
-
Paradise Apartments Apartment Building
-
Teak & Tin Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$2.35M
Owner & transaction history
Brian Frechman · 4 yrs held
Brian Frechman
since 2022
7 recorded transactions
Zoning & alternative use
14 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+8.0%
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 Tracy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tracy 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,200,000
Current use
AUTO REPAIR, GARAGE
$3,455,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$2,805,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±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
$106 / 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
$33,441
Tax year 2024
Assessed value
$3,072,135
Assessed 2024
Previous assessed
$3,072,135
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$455,130
Assessed improvement
$2,617,005
Applied tax rate
4.0000
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
1959
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
34
Bathrooms
34
Total area
22,274 SF
Lot
0.8 ac (34,644 SF)
Zoning code
14
APN
233-083-180-000
UPID
US09-1183689
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
14 · Tracy, CA
Zoning 14 · permitted uses
14 · Tracy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tracy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1959
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
34
Bathrooms
34
Lot
0.8 ac
Current owner
From public records · entity-resolved
Brian Frechman
Individual
Mailing address
33 LOS ARABIS CIR, LAFAYETTE, CA 94549-2746
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 12, 2022
—
Brian Frechman
Annadale 23 LLC
Grant Deed
$1,850,000 · First Republic Bank
May 17, 2017
$2,900,000
Annadale 23 LLC
Jeffrey Bock Peters
Grant Deed
$1,750,000 · Provident Savings Bank
Aug 8, 2016
—
Peters,jeffrey B & M S Trust
Peters J B & M S Trust
Quit Claim Deed
related
—
Nov 19, 2010
—
Peters J B & M S Living Trust
Peters,jeffrey B
Quit Claim Deed
related
—
Apr 20, 2007
—
Joan P Sloan
Peters G & I Family Trust
Grant Deed
related
—
Jan 30, 2007
—
Peters George & I Family Trust
Peters George & I Family Trust
Quit Claim Deed
related
—
Feb 14, 2000
—
Peters Trust
George M Peters Trustee
Quit Claim Deed
related
—
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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