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Property profile & analytics
OFF-MARKET
Estimated value
$6,730,000
Apartment buildings
1757 Richland Ave Ceres, CA 95307-4510
Entity Owned
6-yr Hold
Property ID
US09-2226051
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1994
Construction
WOOD
Total area
39,104 SF
Lot
2.02 ac (87,991 SF)
Zoning code
R4
APN
040-004-007-000
UPID
US09-2226051
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
-
Thrive Living Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.51M
Comparable Approach
Comparable
$6.43M
Blend (final)
Blend
$6.73M
Owner & transaction history
Thrive Living Homes LLC · 6 yrs held
Thrive Living Homes LLC
since 2019
7 recorded transactions
Zoning & alternative use
R4 · Ceres, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ceres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ceres 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%
$8,135,000
6.5%
$7,510,000
7%
$6,975,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,155,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$11,015,000
Change: -9% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,490,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.73M
Range $6.06M – $7.40M · ±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
$172 / 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
$64,256
Tax year 2024
Assessed value
$5,748,194
Assessed 2024
Previous assessed
$5,748,194
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$471,767
Assessed improvement
$5,276,427
Applied tax rate
1.0000
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
1994
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
32
Bathrooms
1
Total area
39,104 SF
Lot
2.02 ac (87,991 SF)
Zoning code
R4
APN
040-004-007-000
UPID
US09-2226051
Jurisdiction
STANISLAUS
Zoning & alternative use
R4 · Ceres, CA
Zoning R4 · permitted uses
R4 · Ceres, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ceres. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1994
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
32
Bathrooms
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
Thrive Living Homes LLC
Entity
Mailing address
PO BOX 1340, CERES, CA 95307-1340
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
—
Thrive Living Homes LLC
—
Deed
related
$6,320,000 · Societe Generale Financial Corp
Oct 8, 2019
—
Thrive Living Home LLC
—
Deed
related
$300,000 · Zhifang Ma
Sep 24, 2019
$5,360,000
Thrive Living Homes LLC
Rodrigues V 2017 Trust
Grant Deed
$3,993,750 · Conventus LLC
Sep 24, 2019
—
Thrive Living Homes LLC
—
Deed
related
$532,500 · Conventus LLC
Aug 8, 2018
—
Rodrigues,valentine 2017 Trust
Rodrigues V 2017 Trust
Quit Claim Deed
related
$450,000 · Tri Counties Bank
Apr 17, 2018
—
Rodrigues,valentine 2017 Trust
Rodrigues,valentine
Quit Claim Deed
related
—
Feb 14, 2018
—
Rodrigues,valentine 2017 Trust
—
Deed
related
$2,000,000 · Tri Counties Bank
Oct 18, 2017
—
Valentine,rodrigues 2017 Trust
Rodrigues,valentine
Quit Claim Deed
related
—
Sep 18, 2017
—
Valentine Rodrigues
Rodrigues,racheal R
Affidavit Of Death
related
—
May 19, 1995
—
Rodrigues Trust
Rodrigues,walter & Racheal R
Quit Claim Deed
related
—
May 19, 1995
$1,590,000
Rodrigues,walter & Racheal R
Stockton Savings Bank
Trustees Deed
$1,113,000 · Stockton Savings Bank
Apr 11, 1995
—
Ceres City
Stockton Savings Bank
Trustees Deed
related
—
Dec 21, 1994
$1,700,000
Stockton Savings Bank
Sinclair,richard C & Deborah A
Trustees Deed
related
—
Jun 8, 1994
—
Richard C Sinclair
Se A Calif Corp
Grant Deed
related
—
—
—
Richard Sinclair
—
Deed Of Trust
related
$250,000 · Individual
—
—
Richard C Sinclair
—
Deed Of Trust
related
$100,000 · Individual
—
—
Rodrigues,valentine 2017 Trust
—
Deed Of Trust
related
$2,000,000 · Tri Counties Bank
—
—
Rodrigues,valentine Trust
—
Deed Of Trust
related
$450,000 · Tri Counties Bank
—
—
Thrive Living Home LLC
—
Deed Of Trust
related
$300,000 · Zhifang Ma
—
—
Thrive Living Homes LLC
—
Deed Of Trust
related
$532,500 · Conventus LLC
—
—
Se
—
Deed Of Trust
related
$675,000 · Stockton Savings Bank
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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