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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Medical Office Space
1940 Tracy Blvd Tracy, CA 95376-2423
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2084356
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1982
Construction
WOOD
Total area
1,680 SF
Lot
0.18 ac (7,852 SF)
Zoning code
41
APN
233-051-180-000
UPID
US09-2084356
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
-
Spark Family Dental, Tracy Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$510k
Owner & transaction history
Bay Investment Venture LLC · 4 yrs held
Bay Investment Venture LLC
since 2022
Last sale
$710,000
7 recorded transactions
Zoning & alternative use
41 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$425,000
+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
$460,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$365,000
Current use
OFFICE BUILDING
$425,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $710k (Jul 8 2022)
Last sale anchor
$710k
Jul 8 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
$304 / 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
$7,833
Tax year 2024
Assessed value
$724,200
Assessed 2024
Previous assessed
$724,200
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$265,200
Assessed improvement
$459,000
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
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,680 SF
Lot
0.18 ac (7,852 SF)
Zoning code
41
APN
233-051-180-000
UPID
US09-2084356
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
41 · Tracy, CA
Zoning 41 · permitted uses
41 · Tracy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tracy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$365,000
OFFICE BUILDING
Est. value
$425,000
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
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Bay Investment Venture LLC
Entity
Free & Clear · 4 yrs held
Mailing address
745 W BONAVENTURE AVE, MOUNTAIN HOUSE, CA 95391-1226
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
$710,000
Bay Investment Venture LLC
William Freeman
Grant Deed
—
Jul 8, 2022
—
William Freeman
Jaime Aguinaldo
Quit Claim Deed
related
—
May 7, 2018
—
William Freeman
—
Deed
related
$350,000 · Compass Bank
Dec 26, 2017
$457,000
Freeman Family 1991 Trust
Brar,banu
Grant Deed
—
Aug 21, 2013
—
Banu Brar
Davies G & N Family Trust
Grant Deed
—
Apr 26, 2012
—
Davies George E Tr
Davies,nickie L
Affidavit Of Death
related
—
Nov 14, 2000
—
Davies Trust
Davies,george E & Nickie L
Quit Claim Deed
related
—
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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