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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Office Spaces
2060 Colorado Ave Ste A Turlock, CA 95382-2020
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0381559
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1951
Construction
WOOD
Total area
3,018 SF
Lot
0.25 ac (10,890 SF)
APN
072-037-004-000
UPID
US09-0381559
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
-
Melgosa Dental Turlock Dental Office
-
Dr. Brett Melgosa Dental Office
-
Baez Design Group Inc Renovation Specialist (Bike/Boat/Book/etc) Store
-
D K Design Associates Renovation Specialist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
$490k
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$755k
Owner & transaction history
Brett B Melgosa · 3 yrs held
Brett B Melgosa
since 2023
Last sale
$975,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$850,000
+85.9%
Neighborhood: shopping center
$810,000
+77.0%
Auto repair, garage
$610,000
+33.1%
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 Turlock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Turlock 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
$830,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$490,000
7%
$455,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$455,000
Current use
MEDICAL BUILDING
$850,000
Change: +86% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $975k (Apr 6 2023)
Last sale anchor
$975k
Apr 6 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
$250 / 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
$10,676
Tax year 2024
Assessed value
$994,500
Assessed 2024
Previous assessed
$994,500
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$156,060
Assessed improvement
$838,440
Applied tax rate
7.0000
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
1951
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,018 SF
Lot
0.25 ac (10,890 SF)
APN
072-037-004-000
UPID
US09-0381559
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
COMMERCIAL (GENERAL) Current
Est. value
$455,000
MEDICAL BUILDING
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$610,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1951
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Brett B Melgosa
Individual
Mailing address
4501 BANDON CT, DENAIR, CA 95316-9356
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
Apr 6, 2023
$975,000
Brett B Melgosa
Rusty Baez
Grant Deed
$828,750 · First Citizens Bank & Trust Co
Oct 28, 2015
—
Baez Family 2004 Trust
Baez Family 2004 Trust
Quit Claim Deed
related
—
Jul 14, 2004
—
Baez,tr
Baez,rusty & Alicia
Quit Claim Deed
related
—
Jul 14, 1999
$133,000
Rusty Baez
Posegate,linda L
Grant Deed
$121,000 · Seller
—
—
Rusty Baez
—
Deed Of Trust
related
$278,643 · Alicia Baez
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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