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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Industrial properties
2101 L St Newman, CA 95360-9765
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US09-2007448
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1994
Construction
STEEL FRAME
Total area
14,315 SF
Lot
5.8 ac (252,648 SF)
APN
026-016-037-000
UPID
US09-2007448
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
-
Garton Tractor, Inc - Newman Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.62M
Owner & transaction history
Garton Properties · 30 yrs held
Garton Properties
since 1996
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 Newman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newman 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%
$1,430,000
6.5%
$1,320,000
7%
$1,225,000
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$113 / 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
$16,505
Tax year 2024
Assessed value
$1,413,936
Assessed 2024
Previous assessed
$1,413,936
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$488,604
Assessed improvement
$925,332
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
14,315 SF
Lot
5.8 ac (252,648 SF)
APN
026-016-037-000
UPID
US09-2007448
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
Building & site characteristics
From public records
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
5.8 ac
Current owner
From public records · entity-resolved
Garton Properties
Entity
Mailing address
PO BOX 1849, TURLOCK, CA 95381-1849
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2017
—
Garton Properties
—
Deed
related
$285,000 · Farmers & Merchants Bk/ctrl Ca
Jan 24, 2017
—
Garton Properties
—
Deed
related
$437,497 · Farmers & Merchants Bk/ctrl Ca
Apr 30, 1996
$663,000
Garton Properties
Griffith,jon L & Melanie L
Grant Deed
$588,000 · Seller
Apr 30, 1996
—
Jon L Griffith
J & J Investments
Grant Deed
related
—
Apr 19, 1994
—
J Investments
Redevelopment Ag
Grant Deed
related
—
Nov 17, 1993
$83,500
Newman City
Newman Industria
Grant Deed
related
—
—
—
Garton Properties
—
Deed Of Trust
related
$250,000 · Farmers & Merchants Bk Ctrl Ca
—
—
Garton Properties
—
Deed Of Trust
related
$1,000,000 · Farmers & Merchants Bk/ctrl Ca
—
—
Garton Properties
—
Deed Of Trust
related
$437,497 · Farmers & Merchants Bk/ctrl Ca
—
—
Garton Properties
—
Deed Of Trust
related
$285,000 · Farmers & Merchants Bk/ctrl Ca
—
—
Garton Properties
—
Deed Of Trust
related
$536,000 · Farmers & Merchants Bk Ctrl Ca
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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