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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Apartment buildings
1641 Holly Dr Tracy, CA 95376-3040
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2244329
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1952
Total area
5,308 SF
Lot
0.45 ac (19,530 SF)
Zoning code
RHD
APN
233-164-090-000
UPID
US09-2244329
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
$1.20M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.20M
Owner & transaction history
Real Estate Investments 209 Hldg Co · 1 yrs held
Real Estate Investments 209 Hldg Co
since 2025
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
RHD · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+93.8%
Office building
$1.3M
+75.8%
Industrial (general)
$1.2M
+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
$1,200,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,005,000
7%
$930,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$760,000
Current use
RESTAURANT
$1,475,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$1,340,000
Change: +76% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,235,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$1,160,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$825,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.35M (May 1 2025)
Last sale anchor
$1.35M
May 1 2025
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
$226 / 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
$11,798
Tax year 2024
Assessed value
$1,087,626
Assessed 2024
Previous assessed
$1,087,626
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$320,151
Assessed improvement
$767,475
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
1952
Heating
FLOOR/WALL FURNACE
Cooling
WINDOW A/C
Stories
1
Bathrooms
8
Total area
5,308 SF
Lot
0.45 ac (19,530 SF)
Zoning code
RHD
APN
233-164-090-000
UPID
US09-2244329
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
RHD · Tracy, CA
Zoning RHD · permitted uses
RHD · 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
$760,000
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1952
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Bathrooms
8
Lot
0.45 ac
Current owner
From public records · entity-resolved
Real Estate Investments 209 Hldg Co
Entity
Free & Clear · 1 yrs held
Mailing address
849 LELAND CT, LIVERMORE, CA 94550-5832
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$1,350,000
Real Estate Investments 209 Hldg Co
Linda R Erlich
Grant Deed
—
Jun 19, 2018
—
Blue Riley LP
Blue Riley LP
Intrafamily Transfer
related
$635,000 · Provident Savings Bank
May 25, 2018
$975,000
Blue Riley LP
Marquez Rose Trust
Grant Deed
—
Sep 17, 2010
—
Marquez Rose Trust
Marquez,rose
Quit Claim Deed
related
—
Nov 17, 2006
—
Rose Marquez
Marquez,anastacio
Affidavit Of Death
related
—
Nov 28, 1989
$300,000
Anastac Martquez
Jeangerard,jack
Grant Deed
$242,000
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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