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Property profile & analytics
OFF-MARKET
Estimated value
$5,865,000
Apartment buildings
204 Warren Way Modesto, CA 95356-1527
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-0151842
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
37,714 SF
Lot
2.18 ac (94,960 SF)
APN
052-012-014-000
UPID
US09-0151842
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
-
Pine Grove Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.72M
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$5.87M
Owner & transaction history
Roger A Burch · 13 yrs held
Roger A Burch
since 2012
7 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 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%
$8,365,000
6.5%
$7,720,000
7%
$7,170,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,100,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.87M
Range $5.28M – $6.45M · ±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
$156 / 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
$32,609
Tax year 2024
Assessed value
$2,946,107
Assessed 2024
Previous assessed
$2,946,107
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$480,889
Assessed improvement
$2,465,218
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
4
Stories
2
Units
40
Bathrooms
40
Total area
37,714 SF
Lot
2.18 ac (94,960 SF)
APN
052-012-014-000
UPID
US09-0151842
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
$9.1M
INDUSTRIAL (GENERAL)
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
1973
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
4
Units
40
Bathrooms
40
Lot
2.18 ac
Current owner
From public records · entity-resolved
Roger A Burch
Individual
Mailing address
PO BOX 1300, MORGAN HILL, CA 95038-1300
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2012
—
Roger A Burch
Green Tree Servicing LLC
Grant Deed
—
Dec 29, 2009
—
Green Properties Holdings LLC
Crp Properties INC
Grant Deed
—
Sep 3, 2009
$1,897,625
Crp Properties INC
California Reconveyance Co
Trustees Deed
related
—
Jul 29, 2005
$4,200,000
Cristina Shaeffer
Patino,jose A & Aurora Y
Grant Deed
$2,850,000 · Commercial Capital Bank Fsb
Nov 30, 2000
$1,950,500
Jose A Patino
Murray Trust
Grant Deed
—
Jul 30, 1999
—
Kent T Woodell
Woodell,gloria K
Quit Claim Deed
related
—
Feb 3, 1997
$25,000
Kent T Woodell
Raynor,william R
Grant Deed
—
Aug 3, 1993
$370,000
Kent T Woodell
Pine Grove Inves
Grant Deed
related
$125,000 · Pine Grove Investo
—
—
Jose A Patino
—
Deed Of Trust
related
$1,500,000 · Washington Mutual Fsb
—
—
Murray Trust
—
Deed Of Trust
related
$1,295,000 · Financial Institutional Partne
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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