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Property profile & analytics
OFF-MARKET
Estimated value
$10,445,000
Apartment buildings
201 Grant Line Rd Tracy, CA 95376-2761
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1699508
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1984
Construction
WOOD
Total area
53,090 SF
Lot
2.5 ac (108,900 SF)
Zoning code
N
APN
214-340-010-000
UPID
US09-1699508
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
-
Townhomes @ 201 Apartment Complex
-
Me Myself and I Branded Clothing Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.36M
CAP Approach
CAP
$10.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.45M
Owner & transaction history
Ch Tracy LLC · 2 yrs held
Ch Tracy LLC
since 2023
Last sale
$11.2M
7 recorded transactions
Zoning & alternative use
N · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.8M
+93.8%
Office building
$13.4M
+75.8%
Industrial (general)
$12.3M
+61.9%
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
$10,435,000
ML approach
$9,355,000
CAP Approach
CAP Return
Estimation
6%
$10,875,000
6.5%
$10,040,000
7%
$9,320,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,620,000
Current use
RESTAURANT
$14,770,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$13,400,000
Change: +76% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$12,345,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$11,595,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,235,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$6,685,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.45M
Range $9.40M – $11.49M · ±10% · vs last sale $11.20M (Aug 31 2023)
Last sale anchor
$11.20M
Aug 31 2023
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
$197 / 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
$39,442
Tax year 2024
Assessed value
$3,606,204
Assessed 2024
Previous assessed
$3,606,204
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$941,600
Assessed improvement
$2,664,604
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
48
Bathrooms
96
Total area
53,090 SF
Lot
2.5 ac (108,900 SF)
Zoning code
N
APN
214-340-010-000
UPID
US09-1699508
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
N · Tracy, CA
Zoning N · permitted uses
N · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.6M
RESTAURANT
Est. value
$14.8M
OFFICE BUILDING
Est. value
$13.4M
INDUSTRIAL (GENERAL)
Est. value
$12.3M
MEDICAL BUILDING
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$8.2M
RETAIL STORES
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
48
Bathrooms
96
Lot
2.5 ac
Current owner
From public records · entity-resolved
Ch Tracy LLC
Entity
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$11,200,000
Ch Tracy LLC
Darlene D Thoms
Grant Deed
$5,515,000 · Walker & Dunlop LLC
Jan 9, 2023
—
Darlene D Thoms
Darlene D Thoms
Intrafamily Transfer
related
—
May 26, 2017
—
Drake Family Trust A
Drake Family Trust A
Quit Claim Deed
related
—
Sep 24, 2015
—
Drake Family Trust C
Drake Family Trust C
Quit Claim Deed
related
—
Jan 22, 2008
—
Drake Family Trust
Drake Family Trust
Quit Claim Deed
related
—
Nov 2, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 20, 1999
—
Drake Trust
Drake,robert W
Quit Claim Deed
related
—
Oct 25, 1994
—
Robert W Drake
Landmark Place Limited
Grant Deed
$1,539,000 · San Francisco Federal S & L
Aug 30, 1994
—
Robert W Drake
Lankmark Place L
Grant Deed
related
$1,500,000 · Imperial Thrift & Loan
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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