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Property profile & analytics
FOR LEASE
Warehouses
1505 Ellerd Dr Turlock, CA 95380
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1101573
For Lease
1 / 2
$1,060,000
1505 Ellerd Dr, Turlock, CA 95380
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
12,000 SF
Lot
0.5 ac (21,780 SF)
APN
050-034-017-000
UPID
US09-1101573
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
-
Soundscapes Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.06M
Owner & transaction history
Marten Oliveira · 4 yrs held
Marten Oliveira
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+111.3%
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
$1,005,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$790,000
Current use
COMMERCIAL (GENERAL)
$1,665,000
Change: +111% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.35M (Jul 15 2022)
Last sale anchor
$1.35M
Jul 15 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
$88 / 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
$14,778
Tax year 2024
Assessed value
$1,377,000
Assessed 2024
Previous assessed
$1,377,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$158,100
Assessed improvement
$1,218,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
12,000 SF
Lot
0.5 ac (21,780 SF)
APN
050-034-017-000
UPID
US09-1101573
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
WAREHOUSE, STORAGE Current
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Marten Oliveira
Individual
Mailing address
PO BOX 2859, TURLOCK, CA 95381-2859
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
$1,350,000
Marten Oliveira
Peter Avalos
Grant Deed
$675,000 · Oak Valley Community Bank
Jul 15, 2022
—
Marten Oliveira
Veronica Oliveira
Intrafamily Transfer
related
$540,000 · Oak Valley Community Bank
Aug 2, 2011
—
Avalos P & M A Family Trust
Avalos,peter & Mary A
Quit Claim Deed
related
—
Jun 15, 2011
$600,000
Peter Avalos
Valley Industrial Park LLC
Grant Deed
$450,000 · Valley Industrial Park LLC
Jun 1, 1999
—
Valley Industrial Park LLC
Brenda Trust
Grant Deed
related
—
May 28, 1999
—
Finn Trust
Brenda,fred G & Denise M
Grant Deed
related
—
Apr 20, 1999
—
Brenda Trust
Brenda,fred G & Denise M
Quit Claim Deed
related
—
Aug 28, 1998
$172,500
Fred G Brenda
Brouwer Brothers Partnership
Grant Deed
$129,375 · Seller
—
—
Valley Industrial Park LLC
—
Deed Of Trust
related
$204,881 · Brouwer Brothers
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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