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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Apartment buildings
221 Edison St, Manteca, CA 95336-3786
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0237660
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
6,837 SF
Lot
0.38 ac (16,400 SF)
Zoning code
14
APN
223-141-080-000
UPID
US09-0237660
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
221 East Edison St LLC · 2 yrs held
221 East Edison St LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
14 · Manteca, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+25.7%
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 Manteca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manteca 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
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
$1,400,000
6.5%
$1,295,000
7%
$1,200,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,750,000
Current use
COMMERCIAL (GENERAL)
$3,455,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Jun 28 2024)
Last sale anchor
$2.10M
Jun 28 2024
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
$307 / 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
$13,174
Tax year 2024
Assessed value
$1,188,571
Assessed 2024
Previous assessed
$1,188,571
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$340,399
Assessed improvement
$848,172
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
1984
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
11
Bathrooms
11
Total area
6,837 SF
Lot
0.38 ac (16,400 SF)
Zoning code
14
APN
223-141-080-000
UPID
US09-0237660
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
14 · Manteca, CA
Zoning 14 · permitted uses
14 · Manteca, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manteca. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (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
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
11
Bathrooms
11
Lot
0.38 ac
Current owner
From public records · entity-resolved
221 East Edison St LLC
Entity
Mailing address
1483 ASTERBELL DR, SAN RAMON, CA 94582-5191
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$2,100,000
221 East Edison St LLC
11plex Manteca LLC
Grant Deed
$1,080,000 · Mechanics Bank
Jul 27, 2023
—
11plex Manteca LLC
William J Keegan
Grant Deed
—
Sep 30, 2014
—
Keegan Trust
Keegan,william J
Quit Claim Deed
related
—
Feb 4, 2010
—
Keegan Trust
Keegan,william J
Quit Claim Deed
related
—
Jul 8, 2005
$1,000,000
William J Keegan
Castagner Ents LLC
Grant Deed
$650,000 · Santa Barbara Bank & Trust
Jul 8, 2005
—
Castagner Ents LLC
Castagner,claude A & Marci L
Quit Claim Deed
—
Mar 10, 2005
—
Claude A Castagner
Claude A Castagner
Intrafamily Transfer
related
$530,000 · Impac Multifamily Capital Corp
Nov 7, 2003
$745,000
Claude A Castagner
Toll,william E & Myrtle E
Grant Deed
$515,000 · Pacific State Bank
Nov 7, 2003
—
Claudia A Castagner
Catagner,marci L
Grant Deed
related
—
May 21, 2002
$637,500
William E Toll
Minke Trust
Grant Deed
$405,000 · Capitol Valley Bank
Nov 14, 1997
—
Minke Trust
Minke,robert J & Lorraine A
Quit Claim Deed
related
—
Sep 8, 1989
$153,000
Starker,services
Pederson,knud L
Trustees Deed
—
Sep 8, 1989
$455,000
Minke,robert J &
Starker,services
Trustees Deed
$300,000 · World Savings & Loan
—
—
William E Toll
—
Deed Of Trust
related
$45,000 · Minke Trust
—
—
Claude A Castagner
—
Deed Of Trust
related
$95,000 · Wylie William J & Gail M Trust
—
—
Knud L Pedersen
—
Deed Of Trust
related
$88,279 · Thrift & Loan
—
—
Minke Robert J
—
Deed Of Trust
related
—
—
—
Robert J Minke
—
Deed Of Trust
related
$322,000 · World Savings & Loan
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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