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Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Hotels
1760 Herndon Rd Ceres, CA 95307-4421
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0568251
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2001
Construction
WOOD
Total area
24,301 SF
Lot
1.31 ac (57,063 SF)
APN
040-004-002-000
UPID
US09-0568251
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
-
Microtel Inn & Suites by Wyndham Modesto Ceres Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.88M
Owner & transaction history
Bluemill LLC · 5 yrs held
Bluemill LLC
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+221.7%
Industrial (general)
$2.1M
+144.2%
Retail stores
$1.9M
+128.3%
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
$1,890,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
$2,540,000
6.5%
$2,345,000
7%
$2,175,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,730,000
Change: +222% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,070,000
Change: +144% · Conversion: Difficult
RETAIL STORES
$1,935,000
Change: +128% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±10% · vs last sale $1.90M (Jan 6 2021)
Last sale anchor
$1.90M
Jan 6 2021
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
$77 / 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
$35,556
Tax year 2024
Assessed value
$3,180,353
Assessed 2024
Previous assessed
$3,180,353
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$604,888
Assessed improvement
$2,575,465
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Total area
24,301 SF
Lot
1.31 ac (57,063 SF)
APN
040-004-002-000
UPID
US09-0568251
Jurisdiction
STANISLAUS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2001
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Lot
1.31 ac
Current owner
From public records · entity-resolved
Bluemill LLC
Entity
Mailing address
3213 CADEN DR, MODESTO, CA 95355-7922
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
$1,900,000
Bluemill LLC
Bakerao LLC
Grant Deed
$1,825,000 · Bakerao LLC
Jun 13, 2019
—
Bakerao LLC
—
Deed
related
$1,771,000 · Farmers & Merchants Nat'l Bk
Jun 9, 2016
—
Bakerao LLC
—
Deed
related
$300,000 · Farmers & Merchants Bk/ctrl Ca
Jun 21, 2000
—
Bakerao LLC
Jamnadas,rajendra & Chandra
Grant Deed
related
—
—
—
Bakerao LLC
—
Deed Of Trust
related
$1,985,000 · Stearns Bank NA
—
—
Bakerao LLC
—
Deed Of Trust
related
$2,340,000 · General Electric Capital Corp
—
—
Bakerao LLC
—
Deed Of Trust
related
$1,771,000 · Farmers & Merchants Nat'l Bk
—
—
Bakerao LLC
—
Deed Of Trust
related
$1,810,000 · Farmers & Merchants Bk/ctrl Ca
—
—
Bakerao LLC
—
Deed Of Trust
related
$823,000 · Stanislaus County Economic Dev
—
—
Bakerao LLC
—
Loan Modification
related
$300,000 · Farmers & Merchants Bk/ctrl Ca
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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