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Property profile & analytics
OFF-MARKET
Estimated value
$7,475,000
Apartment buildings
2004 Evans Rd Ceres, CA 95307-1849
Entity Owned
5-yr Hold
Property ID
US09-0283894
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD FRAME
Total area
42,454 SF
Lot
2.22 ac (96,703 SF)
APN
040-015-002-000
UPID
US09-0283894
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
-
Almond Terrace Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.16M
Comparable Approach
Comparable
$7.36M
Blend (final)
Blend
$7.48M
Owner & transaction history
324 East Jackson LLC · 5 yrs held
324 East Jackson LLC
since 2020
5 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 Ceres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ceres 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%
$8,835,000
6.5%
$8,155,000
7%
$7,570,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,115,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$11,960,000
Change: -9% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,390,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$7.48M
Range $6.73M – $8.22M · ±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
$176 / 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
$1,481
Tax year 2024
Assessed value
$6,578,734
Assessed 2024
Previous assessed
$6,578,734
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$667,499
Assessed improvement
$5,911,235
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
40
Bathrooms
30
Total area
42,454 SF
Lot
2.22 ac (96,703 SF)
APN
040-015-002-000
UPID
US09-0283894
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
INDUSTRIAL (GENERAL)
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$12.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1982
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
40
Bathrooms
30
Lot
2.22 ac
Current owner
From public records · entity-resolved
324 East Jackson LLC
Entity
Mailing address
315 N SAN JOAQUIN ST, STOCKTON, CA 95202-2029
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 19, 2020
—
324 East Jackson LLC
Ceres Almond Terrace Associates
Grant Deed
$6,302,400 · Centennial Mortgage
Aug 29, 2019
—
Ceres Almond Ter Assocs
—
Deed
related
$3,200,000 · Century Hsng
Oct 25, 2002
—
Almond Terrace Ceres
Asoclaclon Compesina Lazaro
Trustees Deed
related
$4,316,300 · Bank Of America
—
—
Ceres Almond Ter Assocs
—
Deed Of Trust
related
$3,200,000 · Century Hsng
—
—
Ceres Almond Terrace Assoc
—
Deed Of Trust
related
$404,800 · Union Safe Deposit 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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