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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    232 Almond Ave Manteca, CA 95337-4458

    • Apartment buildings
    • 4,320 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    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.

    Current Use by Public Records

    • Adapt Plumbing / Plumber

    Property Details for 232 Almond Ave

    Year built
    1983
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Property size
    4,320 SF
    Zone code
    10
    Property type
    Apartment buildings
    APN
    217-050-050-000
    APU
    217050050000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $208,000
      Market price range: $95.4k - $897k

    Get a detailed, property-specific valuation — 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
      $1,045,000
      116,872 SF

      729 Atherton Dr

      APARTMENT HOUSE (100+ UNITS) • 116,872 SF
      729 Atherton Dr, Manteca, CA 95337
      View Details
    • Value Estimation
      $1,260,000
      91,374 SF

      1212 Ctr St

      APARTMENT HOUSE (100+ UNITS) • 91,374 SF
      1212 Ctr St, Manteca, CA 95337-4202
      View Details
    • Value Estimation
      $580,000
      43,244 SF

      1510 Ctr St

      APARTMENT HOUSE (100+ UNITS) • 43,244 SF
      1510 Ctr St, Manteca, CA 95337
      View Details
    • Value Estimation
      $260,000
      6,003 SF

      840 Nevada St

      APARTMENT HOUSE (5+ UNITS) • 6,003 SF
      840 Nevada St, Manteca, CA 95337-5353
      View Details
    • Value Estimation
      $1,305,000
      840 SF

      109 Walnut Ave

      APARTMENT HOUSE (5+ UNITS) • 840 SF
      109 Walnut Ave, Manteca, CA 95337-5334
      View Details
    • Value Estimation
      $265,000
      1,312 SF

      334 Airport Way

      APARTMENT HOUSE (5+ UNITS) • 1,312 SF
      334 Airport Way, Manteca, CA 95337-8427
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Commercial Mixed Use Land

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      25,679 SF

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      Industrial space for sale in a vibrant Manteca location.
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      Commercial Lot Near Airport Way

      Commercial lot near major routes and retail.
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    Similar Nearby for Lease

    • $18 SF/Yr
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      Manteca Office Space - 4,000 SF

      Prime Manteca location, renovated office space.
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    • Contact for pricing
      512 SF

      Office Space in Central Manteca

      Office space with private restroom, office, and lobby area.
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    • Contact for pricing
      15,925 SF

      High Visibility Office Space

      Office space with high traffic count on S. Main Street.
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    • $1.31 SF/Yr
      2,100 SF

      Industrial Space with Office

      Industrial space featuring office, restroom, and grade level door.
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    • Contact for pricing
      22,000 SF

      Manteca Retail Space Available

      22,000 SF retail space for lease in Manteca, CA.
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    • Contact for pricing
      2 SF

      Land with Highway Access

      Land with easy access and visibility to Highway 120.
      Atherton Dr, Manteca, CA 95337
      View Details
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    232 Almond Ave
    Manteca, CA 95337-4458
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    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
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