Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$30,150,000
Warehouses
18231 Murphy Pkwy Lathrop, CA 95330-8754
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3146435
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
198,183 SF
Lot
11 ac (479,160 SF)
APN
198-190-300-000
UPID
US09-3146435
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
-
RAD Urban Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.74M
Blend (final)
Blend
$30.15M
Owner & transaction history
Mission Taylor Properties · 3 yrs held
Mission Taylor Properties
since 2022
Last sale
$30.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$43.3M
+129.2%
Commercial (general)
$39.5M
+109.2%
Office building
$38.4M
+103.5%
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 Lathrop submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lathrop 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
$19,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,885,000
Current use
MEDICAL BUILDING
$43,275,000
Change: +129% · Conversion: Difficult
COMMERCIAL (GENERAL)
$39,500,000
Change: +109% · Conversion: Difficult
OFFICE BUILDING
$38,420,000
Change: +103% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$33,420,000
Change: +77% · Conversion: Easy
AUTO REPAIR, GARAGE
$30,740,000
Change: +63% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$28,455,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$30.15M
Range $27.14M – $33.17M · ±10% · vs last sale $30.25M (Oct 27 2022)
Last sale anchor
$30.25M
Oct 27 2022
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
$152 / 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
$371,298
Tax year 2024
Assessed value
$30,855,000
Assessed 2024
Previous assessed
$30,855,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$4,396,200
Assessed improvement
$26,458,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
198,183 SF
Lot
11 ac (479,160 SF)
APN
198-190-300-000
UPID
US09-3146435
Jurisdiction
SAN JOAQUIN
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
WAREHOUSE, STORAGE Current
Est. value
$18.9M
MEDICAL BUILDING
Est. value
$43.3M
COMMERCIAL (GENERAL)
Est. value
$39.5M
OFFICE BUILDING
Est. value
$38.4M
INDUSTRIAL (GENERAL)
Est. value
$33.4M
AUTO REPAIR, GARAGE
Est. value
$30.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
11 ac
Current owner
From public records · entity-resolved
Mission Taylor Properties
Entity
Mailing address
235 MONTGOMERY ST STE #800, SAN FRANCISCO, CA 94104-2911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 27, 2022
$30,250,000
Mission Taylor Properties
Murphy Parkway Owner LP
Grant Deed
$3,000,000 · Wells Fargo Bank NA
Dec 15, 2020
—
Murphy Parkway Owner LP
—
Deed
related
$13,800,000 · Farmers & Merchants Bank
Jul 14, 2020
$13,622,500
Murphy Parkway Owner LP
18231 Murphy Parkway LLC
Grant Deed
—
Mar 29, 2018
—
18231 Murphy Parkway LLC
—
Deed
related
$2,209,638 · Scf Nbl LLC
Oct 4, 2013
—
12831 Murphy Parkway LLC
Fuel Total Systems California Corpo
Grant Deed
$2,824,815 · Nbl INC
—
—
18231 Murphy Parkway LLC
—
Deed Of Trust
related
$431,174 · Scf Nbl LLC
—
—
18231 Murphy Parkway LLC
—
Deed Of Trust
related
$5,431,174 · Scf Nbl LLC
—
—
18231 Murphy Parkway LLC
—
Deed Of Trust
related
$2,209,638 · Scf Nbl LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 18231 Murphy Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
