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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Medical Office Space
1810 Olive Ave Ste 2 Turlock, CA 95382-2500
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2374056
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
WOOD
Total area
9,220 SF
Lot
0.69 ac (30,056 SF)
APN
072-040-008-000
UPID
US09-2374056
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
by Request
CAP Approach
CAP
$2.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Vallarine,tr · 22 yrs held
Vallarine,tr
since 2004
7 recorded transactions
Zoning & alternative use
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 Turlock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Turlock 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%
$2,220,000
6.5%
$2,050,000
7%
$1,900,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,475,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$180 / 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
$27,957
Tax year 2024
Assessed value
$2,605,817
Assessed 2024
Previous assessed
$2,605,817
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$356,422
Assessed improvement
$2,249,395
Applied tax rate
7.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Total area
9,220 SF
Lot
0.69 ac (30,056 SF)
APN
072-040-008-000
UPID
US09-2374056
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 Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
MEDICAL BUILDING Current
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
1996
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Lot
0.69 ac
Current owner
From public records · entity-resolved
Vallarine,tr
Individual
Mailing address
1729 N OLIVE AVE STE #15, TURLOCK, CA 95382-2501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2019
—
Alan J Vallarine
—
Deed
related
$387,000 · Wells Fargo Bank NA
Jun 25, 2004
—
Vallarine,tr
Vallarine,alan J
Quit Claim Deed
related
—
Feb 12, 1999
—
Alan J Vallarine
—
Deed Of Trust
related
$1,398,000 · Westamerica Bank
Aug 21, 1996
—
Alan J Vallarine
—
Deed Of Trust
related
$1,518,487 · Modesto Banking Co
Nov 3, 1995
—
Alan J Vallarine
—
Grant Deed
related
$738,000 · Modesto Banking Co
Jul 28, 1992
—
Alan J Vallarine
—
Grant Deed
related
$642,000 · Modesto Banking Co
—
—
Alan J Vallarine
—
Deed Of Trust
related
$360,000 · Westamerica Bank
—
—
Alan J Vallarine
—
Deed Of Trust
related
$136,000 · Modesto Banking Co
—
—
Vallarine 2002 Trust
—
Deed Of Trust
related
$2,100,000 · Westamerica 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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