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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Apartment buildings
1690 Tracy Blvd Tracy, CA 95376-2900
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1475223
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1966
Construction
WOOD
Total area
26,504 SF
Lot
0.93 ac (40,352 SF)
Zoning code
98
APN
233-062-010-000
UPID
US09-1475223
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
-
Courtyard Village Apartments Apartment Building
-
Peach Tree Villa LLC Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.89M
Owner & transaction history
L & M Putnam Dev INC · 12 yrs held
L & M Putnam Dev INC
since 2013
7 recorded transactions
Zoning & alternative use
98 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+8.0%
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
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
APARTMENT HOUSE (5+ UNITS)
$3,805,000
Current use
AUTO REPAIR, GARAGE
$4,110,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$3,335,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±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
$109 / 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
$43,403
Tax year 2024
Assessed value
$3,996,045
Assessed 2024
Previous assessed
$3,996,045
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$721,087
Assessed improvement
$3,274,958
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 (100+ UNITS)
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
32
Bathrooms
34
Total area
26,504 SF
Lot
0.93 ac (40,352 SF)
Zoning code
98
APN
233-062-010-000
UPID
US09-1475223
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
98 · Tracy, CA
Zoning 98 · permitted uses
98 · 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
$3.8M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1966
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
32
Bathrooms
34
Lot
0.93 ac
Current owner
From public records · entity-resolved
L & M Putnam Dev INC
Entity
Mailing address
141 STONEGATE RD, PORTOLA VALLEY, CA 94028-7648
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2019
—
L & M Putnam Development INC
—
Deed
related
$2,360,000 · Banc Of California NA
Aug 9, 2013
—
L & M Putnam Dev INC
Courtyard Village LLC
Grant Deed
—
Mar 19, 2012
—
Courtyard Village LLC
Courtyard Village LLC
Quit Claim Deed
related
—
Nov 2, 2011
—
Courtyard Village LLC
Owner Name Unavailable
Grant Deed
related
—
Jun 13, 2011
$1,735,000
Peach Tree Villa LLC
California Reconveyance Co
Trustees Deed
related
—
Aug 30, 2010
—
Piper Bob & Karen Trust
Piper,robert P & Karen M
Quit Claim Deed
related
—
Aug 8, 1997
$1,250,000
Robert P Piper
Mckinley Manor Arpt
Grant Deed
$870,000 · Home Savings Of America
—
—
Robert P Piper
—
Deed Of Trust
related
$1,900,000 · Washington Mutual Fsb
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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