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Property profile & analytics
OFF-MARKET
Estimated value
$8,405,000
Medical Office Space
2185 Grant Line Rd Tracy, CA 95377-7309
Individually Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2848407
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
49,264 SF
Lot
9 ac (392,040 SF)
APN
214-020-290-000
UPID
US09-2848407
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
-
Riel Nestor DDS Physician
-
Dulay Cynthia L MD Physician
-
Adair Gina M MD Pediatrician Physician
-
Dr. Sidhartha Gurung, MD Pediatrician Physician
-
Chiang Mei-Ling MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.39M
Comparable Approach
Comparable
$9.50M
Blend (final)
Blend
$8.41M
Owner & transaction history
Foundation Health Plan Kaiser · 23 yrs held
Foundation Health Plan Kaiser
since 2002
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.7M
+27.4%
Office building
$12.4M
+15.6%
Industrial (general)
$11.5M
+6.5%
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 Tracy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tracy 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%
$9,085,000
6.5%
$8,385,000
7%
$7,785,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,760,000
Current use
RESTAURANT
$13,705,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$12,435,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$11,455,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$8.41M
Range $7.56M – $9.25M · ±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
$171 / 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
$291,303
Tax year 2024
Assessed value
$26,285,532
Assessed 2024
Previous assessed
$26,285,532
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$7,932,162
Assessed improvement
$18,353,370
Applied tax rate
4.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
49,264 SF
Lot
9 ac (392,040 SF)
APN
214-020-290-000
UPID
US09-2848407
Jurisdiction
SAN JOAQUIN
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
MEDICAL BUILDING Current
Est. value
$10.8M
RESTAURANT
Est. value
$13.7M
OFFICE BUILDING
Est. value
$12.4M
INDUSTRIAL (GENERAL)
Est. value
$11.5M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
9 ac
Current owner
From public records · entity-resolved
Foundation Health Plan Kaiser
Individual
Free & Clear · 23 yrs held
Mailing address
1 KAISER PLZ FL 15TH, OAKLAND, CA 94612-3604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2002
—
Foundation Health Plan Kaiser
Tracy Orachard INC
Grant 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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