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Property profile & analytics
OFF-MARKET
Estimated value
$6,725,000
Apartment buildings
1500 Lakewood Ave Modesto, CA 95355-3584
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1815592
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
94,140 SF
Lot
6.04 ac (263,102 SF)
APN
068-005-049-000
UPID
US09-1815592
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
-
Park Lakewood Apartment Building
-
Bible Classes for Students (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.71M
Blend (final)
Blend
$6.73M
Owner & transaction history
Park Lakewood LLC · 5 yrs held
Park Lakewood LLC
since 2020
Last sale
$5.4M
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 Modesto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Modesto 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
$9,310,000
ML approach
$6,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.73M
Range $6.05M – $7.40M · ±10% · vs last sale $5.42M (Dec 16 2020)
Last sale anchor
$5.42M
Dec 16 2020
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
$71 / 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
$234,443
Tax year 2024
Assessed value
$21,656,574
Assessed 2024
Previous assessed
$21,656,574
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,954,744
Assessed improvement
$19,701,830
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 (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Bathrooms
1
Total area
94,140 SF
Lot
6.04 ac (263,102 SF)
APN
068-005-049-000
UPID
US09-1815592
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
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Bathrooms
1
Lot
6.04 ac
Current owner
From public records · entity-resolved
Park Lakewood LLC
Entity
Mailing address
4131 EL CAMINO REAL STE #200, PALO ALTO, CA 94306-4090
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 16, 2020
$5,424,000
Park Lakewood LLC
Tilden Park Lakewood LLC
Grant Deed
—
Mar 27, 2020
—
Tilden-park Lakewood LLC
—
Deed
related
$2,726,000 · Walker & Dunlop
Jul 20, 2018
$16,750,000
Tilden-park Lakewood LLC
Park Lake Investors
Grant Deed
$12,250,000 · Walker & Dunlop
May 15, 2017
—
Jcm Partners LLC
—
Loan Modification
related
$5,600,000 · Farmers & Merchants Bk/ctrl Ca
Sep 30, 2014
—
Park Lakewood LLC
—
Grant Deed
related
$30,600,000 · Farmers & Merchants Bk/ctrl Ca
Jan 28, 2002
—
Park Lakewood LLC
Web Service Co INC
Quit Claim Deed
related
$4,277,000 · Pw Funding INC
Jun 1, 1994
—
Park Lakewood Investors
Capital Growth R
Grant Deed
$3,050,000 · Sacramento Savings Bank
—
—
Park Lakewood Investors LP
—
Deed Of Trust
related
$200,000 · Barnabas Loan Group
—
—
Park Lakewood Investors
—
Deed Of Trust
related
$500,000 · Park Lakewood Secured Investor
—
—
Tilden-park Lakewood LLC
—
Deed Of Trust
related
$2,726,000 · Walker & Dunlop
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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