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Property profile & analytics
OFF-MARKET
Estimated value
$7,910,000
Apartment buildings
2112 Floyd Ave Modesto, CA 95355-2238
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2133574
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
79,458 SF
Lot
5.32 ac (231,739 SF)
APN
066-029-099-000
UPID
US09-2133574
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
-
Trails at 2112 Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.86M
Blend (final)
Blend
$7.91M
Owner & transaction history
Trails At 2112 I LLC · 3 yrs held
Trails At 2112 I LLC
since 2023
Last sale
$7.9M
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
$8,060,000
ML approach
$9,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.91M
Range $7.12M – $8.70M · ±10% · vs last sale $7.86M (Jun 9 2023)
Last sale anchor
$7.86M
Jun 9 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
$100 / 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
$284,456
Tax year 2024
Assessed value
$25,699,740
Assessed 2024
Previous assessed
$25,699,740
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,892,100
Assessed improvement
$23,807,640
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Bathrooms
1
Total area
79,458 SF
Lot
5.32 ac (231,739 SF)
APN
066-029-099-000
UPID
US09-2133574
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
3
Bathrooms
1
Lot
5.32 ac
Current owner
From public records · entity-resolved
Trails At 2112 I LLC
Entity
Mailing address
757 SAN DIEGO RD, BERKELEY, CA 94707-2025
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
Jun 9, 2023
$7,860,000
Trails At 2112 I LLC
2112 Trails LP
Grant Deed
—
Dec 30, 2022
—
2112 Trails LP
—
Deed
related
$17,340,000 · Jll Real Estate Capital LLC
Jan 20, 2021
$4,485,000
2112 Trails LP
Tilden-bridle Creek LLC
Grant Deed
$2,000,000 · Tilden-bridle Creek LLC
Mar 27, 2020
—
Tilden-bridle Creek LLC
—
Deed
related
$2,000,000 · Walker & Dunlop
Nov 6, 2017
$13,650,000
Tilden-bridle Creek LLC
California Bridle Creek LP
Grant Deed
$11,065,000 · Walker & Dunlop
Jun 21, 1999
—
California Bridle Creek LP
Oakhaven Investors LP
Grant Deed
$3,850,000 · Grinspoon Group LP
—
—
Tilden-bridle Creek LLC
—
Deed Of Trust
related
$2,000,000 · Walker & Dunlop
—
—
California Bridle Creek LP
—
Deed Of Trust
related
$5,280,000 · Wachovia Bank NA
—
—
Oakhaven Investors
—
Deed Of Trust
related
$2,425,000 · Glendale Federal 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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