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Property profile & analytics
OFF-MARKET
Estimated value
$10,480,000
Warehouses
15789 Mckinley Ave Lathrop, CA 95330-9701
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1794865
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
117,570 SF
Lot
29.04 ac (1,264,982 SF)
Zoning code
IG
APN
198-060-020-000
UPID
US09-1794865
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
-
California Natural Products Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.08M
Blend (final)
Blend
$10.48M
Owner & transaction history
California Natural Products · 6 yrs held
California Natural Products
since 2020
7 recorded transactions
Zoning & alternative use
IG · Lathrop, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IG: general industrial district. § 17.48.040 Required conditions for industrial districts. § 17.48.050 Property development standards. § 17.48.060 Site plan and architectural design review required. § 17.48.070 General provisions and exceptions.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,220.03 ac
Top alternative use upside
Apartment house (5+ units)
$16.9M
+50.7%
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 Lathrop submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lathrop 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
WAREHOUSE, STORAGE
$11,200,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,880,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$10.48M
Range $9.43M – $11.53M · ±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
$89 / 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
$227,290
Tax year 2024
Assessed value
$12,330,321
Assessed 2024
Previous assessed
$12,330,321
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$5,425,341
Assessed improvement
$6,904,980
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
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
117,570 SF
Lot
29.04 ac (1,264,982 SF)
Zoning code
IG
APN
198-060-020-000
UPID
US09-1794865
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
IG · Lathrop, CAZoning IG · permitted uses
IG · Lathrop, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IG: general industrial district. § 17.48.040 Required conditions for industrial districts. § 17.48.050 Property development standards. § 17.48.060 Site plan and architectural design review required. § 17.48.070 General provisions and exceptions.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,220.03 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
29.04 ac
Current owner
From public records · entity-resolved
California Natural Products
Individual
Mailing address
185TH WHITNEY DR, GERMANTOWN, WI 53022-3134
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2020
—
Agnl Milk LLC
—
Deed
related
$33,800,000 · Other Institutional Lenders
Jan 7, 2020
$51,650,000
California Natural Products
Agnl Milk LLC
Grant Deed
—
Jan 2, 2020
$51,650,000
Agnl Milk LLC
California Natural Products
Correction Deed
related
—
Oct 21, 2019
$51,650,000
Agnl Milk LLC
California Natural Products
Grant Deed
—
Apr 27, 2018
—
California Natural Products
—
Grant Deed
related
$277,500,000 · Ares Capital Corp
Oct 2, 2017
—
California Natural Products
—
Deed
related
$6,900,000 · Cardenas Three
May 31, 2017
—
California Natural Products
—
Loan Modification
related
$14,000,000 · Comerica Bk
Dec 8, 2010
—
California Natural Products
—
Deed Of Trust
related
$7,000,000 · Oak Valley Community Bank
Jul 11, 2002
—
California Natural Products
—
Deed Of Trust
related
$4,000,000 · Westamerica Bank
Aug 5, 1994
$900,000
California Natural Products
Almaden Plaza As
Grant Deed
$775,000 · Almaden Equities INC
—
—
California Natural Products
—
Deed Of Trust
related
$3,600,000 · Westamerica Bank
—
—
California Natural Products
—
Deed Of Trust
related
$950,000 · Westamerica Bank
—
—
California Natural Products
—
Deed Of Trust
related
$6,900,000 · Cardenas Three
—
—
California Natural Products
—
Deed Of Trust
related
$3,600,000 · Westamerica Bank
—
—
California Natural Products
—
Deed Of Trust
related
$6,304,478 · Westamerica Bank
—
—
Agnl Milk LLC
—
Deed Of Trust
related
$33,800,000 · Other Institutional Lenders
—
—
California Natural Products
—
Deed Of Trust
related
$1,400,000 · Private Individual
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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