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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Apartment buildings
158 Carlton Way Tracy, CA 95376-3000
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-1939033
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
11,865 SF
Lot
0.58 ac (25,150 SF)
Zoning code
14
APN
233-152-070-000
UPID
US09-1939033
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.18M
Owner & transaction history
Real Estate Investments 209 Hldg Co · 3 yrs held
Real Estate Investments 209 Hldg Co
since 2022
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
14 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+93.8%
Office building
$3.0M
+75.8%
Industrial (general)
$2.8M
+61.9%
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
$1,805,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
$2,430,000
6.5%
$2,245,000
7%
$2,085,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,705,000
Current use
RESTAURANT
$3,300,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$2,995,000
Change: +76% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,760,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$2,590,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,840,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,495,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $2.78M (Oct 31 2022)
Last sale anchor
$2.78M
Oct 31 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
$183 / 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
$30,603
Tax year 2024
Assessed value
$2,830,500
Assessed 2024
Previous assessed
$2,830,500
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$846,600
Assessed improvement
$1,983,900
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 (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
11,865 SF
Lot
0.58 ac (25,150 SF)
Zoning code
14
APN
233-152-070-000
UPID
US09-1939033
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
$1.7M
RESTAURANT
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Real Estate Investments 209 Hldg Co
Entity
Mailing address
PO BOX 393, TRACY, CA 95378-0393
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2022
—
Real Estate Investments 209 Holding
—
Deed
related
$1,500,000 · First Republic Bank
Oct 31, 2022
$2,775,000
Real Estate Investments 209 Hldg Co
A E Johnson
Grant Deed
—
May 10, 2013
—
Johnson Trust
Johnson Trust
Quit Claim Deed
related
$500,000 · Fremont Bank
Apr 23, 2010
—
Scott Family Trust
Scott,c B & Patricia C
Quit Claim Deed
related
—
Oct 6, 1993
$800,000
Johnson Trust
Wills,george G &
Grant Deed
$600,000 · San Francisco Federal S & L
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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