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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Office Spaces
200 Roseburg Ave B Modesto, CA 95350-5255
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3333660
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
WOOD
Total area
9,990 SF
Lot
0.89 ac (38,768 SF)
Zoning code
PC
APN
113-004-037-000
UPID
US09-3333660
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
-
Kevin Booth, MD Physician
-
Jeffrey D. Bowman, CPA Accounting Firm
-
Grimbleby Coleman Advisors & Accountants Accounting Firm Tax Preparation
-
Grimbleby Coleman CPAS Inc: Grimbleby Clive T CPA Accounting Firm Tax Preparation
-
Spine Surgery: Adventist Health Physicians Network Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.90M
Owner & transaction history
Clive T Grimbleby · 2 yrs held
Clive T Grimbleby
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
PC · Modesto, CA
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 Modesto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Modesto 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%
$2,325,000
6.5%
$2,145,000
7%
$1,990,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,065,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,920,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $1.20M (Jun 19 2025)
Last sale anchor
$1.20M
Jun 19 2025
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
$190 / 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
$19,005
Tax year 2024
Assessed value
$1,668,000
Assessed 2024
Previous assessed
$1,668,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$545,000
Assessed improvement
$1,123,000
Applied tax rate
2.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Total area
9,990 SF
Lot
0.89 ac (38,768 SF)
Zoning code
PC
APN
113-004-037-000
UPID
US09-3333660
Jurisdiction
STANISLAUS
Zoning & alternative use
PC · Modesto, CA
Zoning PC · permitted uses
PC · Modesto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Modesto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
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
2005
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Lot
0.89 ac
Current owner
From public records · entity-resolved
Clive T Grimbleby
Individual
Free & Clear · 2 yrs held
Mailing address
7401 SPY GLASS DR, MODESTO, CA 95356-9577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2023
—
Clive T Grimbleby
F I C L
Grant Deed
—
Aug 2, 2023
$1,665,500
Roseburg Partners LLC
F I C L
Grant Deed
$1,665,265 · F I C L
Feb 28, 2023
—
F I C L
Ficl
Grant Deed
—
Jan 28, 2004
—
Ficl
F I C L
Grant Deed
$858,000 · Success Cap Expansion & Dev Co
—
—
Ficl
—
Deed Of Trust
related
$1,303,893 · Bank Of Stockton
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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