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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Medical Office Space
1902 Tracy Blvd Tracy, CA 95376-2423
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1588895
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1988
Total area
2,611 SF
Lot
0.28 ac (12,353 SF)
Zoning code
NC
APN
233-051-200-000
UPID
US09-1588895
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
-
Jennings Jack T DDS Dental Office
-
Veaco Nicolas S DDS Dental Office
-
Brookside Oral & Maxillofacial Dental Office
-
George Paul C DDS Dental Office
-
Brookside Oral & Maxillofacial: Arredondo Antonio DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$875k
Owner & transaction history
Doonya Capital LLC · 5 yrs held
Doonya Capital LLC
since 2021
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
NC · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$660,000
+15.6%
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
$920,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$570,000
Current use
OFFICE BUILDING
$660,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $1.03M (May 21 2021)
Last sale anchor
$1.03M
May 21 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
$335 / 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
$12,740
Tax year 2024
Assessed value
$1,177,543
Assessed 2024
Previous assessed
$1,177,543
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$238,771
Assessed improvement
$938,772
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,611 SF
Lot
0.28 ac (12,353 SF)
Zoning code
NC
APN
233-051-200-000
UPID
US09-1588895
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
NC · Tracy, CAZoning NC · permitted uses
NC · Tracy, CA
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
$570,000
OFFICE BUILDING
Est. value
$660,000
MEDICAL BUILDING Current
OFFICE BUILDING
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Doonya Capital LLC
Entity
Mailing address
102 SAINT ANDREWS LN, ALAMO, CA 94507-1702
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$1,030,000
Doonya Capital LLC
Brookside Oral And Maxillo Facial S
Grant Deed
$1,030,000 · Live Oak Banking Company
May 21, 2021
—
Walsie Jennings
Jack T Jennings
Affidavit Of Death Of Joint Tenant
related
—
Dec 28, 2016
—
Brookside Oral & Maxillo Facial Sur
—
Deed
related
$403,000 · Bac Community Bank
Jan 31, 2007
—
Brookside O Mg
Owner Name Unavailable
Grant Deed
—
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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