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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office Spaces
2160 Geer Rd Turlock, CA 95382-2421
Individually Owned
5-yr Hold
Free & Clear
Property ID
US09-1472566
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Construction
TILT-UP CONCRETE
Total area
4,263 SF
Lot
0.53 ac (23,086 SF)
APN
072-026-072-000
UPID
US09-1472566
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
-
Aspiranet Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$765k
Owner & transaction history
Marcus C Wagner · 5 yrs held
Marcus C Wagner
since 2021
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+85.9%
Neighborhood: shopping center
$1.1M
+77.0%
Auto repair, garage
$860,000
+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
$745,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$645,000
Current use
MEDICAL BUILDING
$1,200,000
Change: +86% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$585,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $825k (Jul 7 2021)
Last sale anchor
$825k
Jul 7 2021
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
$179 / 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
$9,216
Tax year 2024
Assessed value
$858,330
Assessed 2024
Previous assessed
$858,330
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$239,292
Assessed improvement
$619,038
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
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,263 SF
Lot
0.53 ac (23,086 SF)
APN
072-026-072-000
UPID
US09-1472566
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
$645,000
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$860,000
RETAIL STORES
Est. value
$585,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Marcus C Wagner
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 2095, TURLOCK, CA 95381-2095
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
$825,000
Marcus C Wagner
Michael Vano
Grant Deed
—
Jan 17, 2019
—
Vano,michael & Joanne 1983 Trust
Latini Of Papan 2013 Trust
Grant Deed
related
—
Dec 18, 2018
$440,000
Vano,michael & Joanne 1983 Trust
Latini Of Papan 2013 Trust
Grant Deed
—
Feb 25, 2013
—
Latini Of Papan 2013 Trust
Papan,diane D
Quit Claim Deed
related
—
May 20, 2010
—
Papan Virginia I Tr
Papan,virginia I
Quit Claim Deed
related
—
Nov 4, 2008
—
Virginia I Papan
Papan Virginia I & Diane D
Quit Claim Deed
related
—
Feb 3, 2006
—
Papan Louis J Tr
Papan,louis J
Quit Claim Deed
related
—
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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