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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Manufacturing properties
2227 Macarthur Dr Tracy, CA 95376-2830
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3122558
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Total area
4,067 SF
Lot
0.57 ac (24,742 SF)
APN
250-270-410-000
UPID
US10-3122558
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
-
Perigee Production Facility
-
Modern Image Drywall Inc Hardware & Home Improvement Interior Design
-
Expert Laser Services LLC Electronics & Wireless Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$700k
Owner & transaction history
Thomas D O Dell JR · 4 yrs held
Thomas D O Dell JR
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+8.6%
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
$585,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$945,000
Current use
OFFICE BUILDING
$1,025,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$890,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $900k (Jul 7 2022)
Last sale anchor
$900k
Jul 7 2022
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
$172 / 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
$10,434
Tax year 2024
Assessed value
$936,360
Assessed 2024
Previous assessed
$936,360
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$306,918
Assessed improvement
$629,442
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
4,067 SF
Lot
0.57 ac (24,742 SF)
APN
250-270-410-000
UPID
US10-3122558
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
INDUSTRIAL (GENERAL) Current
Est. value
$945,000
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$890,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
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
2007
Heating
NONE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Thomas D O Dell JR
Individual
Free & Clear · 4 yrs held
Mailing address
8782 VINE LN, TRACY, CA 95304-8115
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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, 2022
—
Thomas D O Dell JR
Thomas David O Dell JR
Intrafamily Transfer
related
—
May 4, 2022
$900,000
Thomas David Odell JR
Stephen C Picarello
Grant Deed
$450,000 · Bank Of Stockton
May 4, 2022
—
Thomas David Odell JR
Ixchel Odell
Intrafamily Transfer
related
$360,000 · Bank Of Stockton
Oct 30, 2013
—
Stephen C Picarello
David R Theobald JR
Grant Deed
$299,500 · Wells Fargo Bank NA
Jan 25, 2012
—
Theobald Family Trust
Us Bank NA Series 2007-3
Grant Deed
—
Aug 23, 2011
$238,000
Us Bank NA Series 2007-3
Fidelity Natl Title Co
Trustees Deed
related
—
Jan 18, 2007
$580,000
Raymond L Carrier
3dq Tracy LP
Grant Deed
$569,709 · Lehman Brothers Bank Fsb
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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