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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
15 8th St Tracy, CA 95376-4170
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1467579
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
4,960 SF
Lot
0.14 ac (6,250 SF)
Zoning code
44
APN
235-067-040-000
UPID
US09-1467579
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
-
Less stress with Jess Alternative Medicine Practice Spa & Massage Center
-
College Planning ABC College
-
Max Medlegal Medical Clinic
-
Dr. Max Moses, MD Medical Examiner
-
Chiropractic Health Center-Tracy Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$765k
Owner & transaction history
Thomas D Odell JR · 4 yrs held
Thomas D Odell JR
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
44 · Tracy, 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 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
$520,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$855,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,250,000
Current use
MEDICAL BUILDING
$1,085,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $800k (Jul 7 2022)
Last sale anchor
$800k
Jul 7 2022
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
$154 / 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
$7,976
Tax year 2024
Assessed value
$737,538
Assessed 2024
Previous assessed
$737,538
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$108,773
Assessed improvement
$628,765
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1930
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,960 SF
Lot
0.14 ac (6,250 SF)
Zoning code
44
APN
235-067-040-000
UPID
US09-1467579
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
44 · Tracy, CA
Zoning 44 · permitted uses
44 · 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
OFFICE BUILDING Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1930
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Thomas D Odell JR
Individual
Mailing address
8782 VINE LN, TRACY, CA 95304-8115
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
—
Thomas D Odell JR
Thomas D Odell JR
Intrafamily Transfer
related
—
Jul 28, 2020
—
Thomas D Odell
Ixchel M Odell
Quit Claim Deed
related
—
Jul 28, 2020
$800,000
Thomas D Odell JR.
Carl Gowan
Grant Deed
$320,000 · Bank Of Stockton
Jul 16, 2020
$108,000
Carl Gowan
Marcus Gowan
Grant Deed
—
Jul 16, 2020
—
Marcus Gowan
Gowan Family LLC
Quit Claim Deed
related
—
Mar 31, 2017
—
Gowan Family LLC
Gowan,carl W & Regina R
Quit Claim Deed
related
—
May 13, 1996
$60,000
Gowan,carl W & Regina R
Freitas Trust
Trustees Deed
—
May 13, 1996
$19,000
Gowan,carl W & Regina R
Marriott,richard & Virginia
Trustees Deed
$110,000 · Bishop Trust
May 13, 1996
$37,500
Carl W Gowan
Ambler,lyle G & Antoinette M
Grant Deed
—
May 13, 1996
$23,500
Carl W Gowan
Bishop Trust
Grant Deed
—
Aug 7, 1995
$166,602
Bishop Trust
Sasser,arthur R
Trustees Deed
—
May 20, 1994
—
Arthur R Sasser
A R Sasser INC
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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