Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    232 Almond Ave Manteca, CA 95337-4458
    Back to Search
    Property profile & analytics

    232 Almond Ave, Manteca, CA 95337-4458

    View on Map
    • Apartment buildings
    • 4,320 SF
    • 0.31 lot acres
    Off-Market
    Property ID
    US09-1525839
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adapt Plumbing / Plumbing Service / General Contractor

    Property Details for 232 Almond Ave

    Year built
    1983
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Zone code
    10
    Property type
    Apartment buildings
    APN
    217-050-050-000
    APU
    217050050000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 28, 2025 — The Mark Ekpendu Trust Chibuzor B Mark Ekpendu Deed · related —
    Nov 26, 2014 $485,000 Chibuzor B Mark Ekpendu Keith Alan Smith Grant Deed $312k · Us Bank NA
    Nov 26, 2014 — Chibuzor B Mark-ekpendu Mark-ekpendu,abigail U Quit Claim Deed · related —
    Mar 18, 2008 — Smith L S & D G Living Trust Smith,larry & Doreen Quit Claim Deed · related —
    Sep 23, 2005 $650,000 Larry Smith Mohr Patricia Trust Grant Deed —
    May 4, 1995 — Mohr Trust Mohr,patricia A Quit Claim Deed · related —
    Dec 31, 1991 — Patricia A Mohr — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $885,000
      6.5%
      $815,000
      7%
      $760,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manteca
    County
    San Joaquin
    State
    California
    Longitude
    -121.227
    Latitude
    37.8002
    CBSA code
    44700
    CBSA name
    STOCKTON, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,348
    $188,521
    $382,939
    $571,460
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $18,110,000
      116,872 SF

      729 Atherton Dr

      APARTMENT HOUSE (100+ UNITS)
      729 Atherton Dr, Manteca, CA 95337
      View Details
    • Value Estimation
      $10,735,000
      91,374 SF

      1212 Ctr St

      APARTMENT HOUSE (100+ UNITS)
      1212 Ctr St, Manteca, CA 95337-4202
      View Details
    • Value Estimation
      $5,690,000
      43,244 SF

      1510 Ctr St

      APARTMENT HOUSE (100+ UNITS)
      1510 Ctr St, Manteca, CA 95337
      View Details
    • Value Estimation
      $835,000
      6,003 SF

      840 Nevada St

      APARTMENT HOUSE (5+ UNITS)
      840 Nevada St, Manteca, CA 95337-5353
      View Details
    • Value Estimation
      $1,365,000
      840 SF

      109 Walnut Ave

      APARTMENT HOUSE (5+ UNITS)
      109 Walnut Ave, Manteca, CA 95337-5334
      View Details
    • Value Estimation by Request
      1,312 SF

      334 Airport Way

      APARTMENT HOUSE (5+ UNITS)
      334 Airport Way, Manteca, CA 95337-8427
      View Details

    Similar Nearby for Sale

    • $599,900
      1,823 SF

      Modern Home with Flexible Den/Office

      Move-in ready 2023 home with upgrades and efficient design.
      3134 Feather Rd, Manteca, CA 95337
      View Details
    • $2,000,000
      5 SF

      Land on Yosemite Avenue

      Located on Yosemite Avenue, easily accessible and highly visible.
      3600 West Yosemite Ave, Lathrop, CA 95337
      View Details
    • Contact for pricing
      12,000 SF

      Freestanding Industrial Warehouse in Manteca

      Freestanding industrial warehouse with convenient access to major highways.
      301 E Wetmore St, Manteca, CA 95337
      View Details
    • Contact for pricing

      Vacant Land Development Opportunity

      Vacant land available for development in a desirable neighborhood.
      Williamson Rd, Manteca, CA 95337
      View Details
    • Contact for pricing

      Commercial Mixed Use Land

      Land available for commercial mixed-use development.
      2090 Austin Rd, Manteca, CA 95337
      View Details
    • Contact for pricing

      Land in South Manteca Retail Area

      Located in a high-growth area with flexible zoning.
      1688 S Airport Way, Manteca, CA 95337
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      825 SF

      Retail Space in Busy Center

      Retail space in a high-traffic location with ample parking.
      181 S Union Rd, Manteca, CA 95337
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Manteca Center

      Neighborhood shopping center with high visibility and access.
      1411-1477 W Yosemite Ave, Manteca, CA 95337
      View Details
    • Contact for pricing
      2,800 SF

      Industrial Space with Office

      Industrial space featuring office, restroom, and grade level door.
      1177 Vanderbilt Cir, Manteca, CA 95337
      View Details
    • Contact for pricing
      14,000 SF

      Manteca Retail Space Available

      22,000 SF retail space for lease in Manteca, CA.
      W Atherton Dr, Manteca, CA 95337
      View Details
    • Contact for pricing
      1,162 SF

      Retail Space Available For Lease

      Retail and restaurant spaces available for lease in Manteca, CA.
      2277 W Atherton Dr, Manteca, CA 95337
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    232 Almond Ave
    Manteca, CA 95337-4458
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    232 Almond Ave, Manteca, CA, 95337
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!