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Property profile & analytics
OFF-MARKET
Estimated value
$13,510,000
Super regional malls
2339 Claribel Rd Riverbank, CA 95367-9474
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3245241
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2008
Construction
TILT-UP CONCRETE
Total area
72,338 SF
Lot
5.98 ac (260,488 SF)
Zoning code
PC
APN
075-093-051-000
UPID
US09-3245241
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
-
Yale KeyExpress Locksmith
-
Burlington Clothing & Fashion Store
-
Best Buy Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.51M
Owner & transaction history
Thrivent Finl For Lutherans · 5 yrs held
Thrivent Finl For Lutherans
since 2020
3 recorded transactions
Zoning & alternative use
PC · Riverbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$22.3M
+15.0%
Industrial (general)
$20.6M
+6.3%
Medical building
$20.4M
+5.0%
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 Riverbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverbank 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%
$18,710,000
6.5%
$17,270,000
7%
$16,040,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$19,410,000
Current use
APARTMENT HOUSE (5+ UNITS)
$22,320,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$20,640,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$20,380,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$13.51M
Range $12.16M – $14.86M · ±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
$187 / 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
$223,277
Tax year 2024
Assessed value
$18,862,983
Assessed 2024
Previous assessed
$18,862,983
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,172,789
Assessed improvement
$16,690,194
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2008
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Total area
72,338 SF
Lot
5.98 ac (260,488 SF)
Zoning code
PC
APN
075-093-051-000
UPID
US09-3245241
Jurisdiction
STANISLAUS
Zoning & alternative use
PC · Riverbank, CA
Zoning PC · permitted uses
PC · Riverbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverbank. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$19.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.3M
INDUSTRIAL (GENERAL)
Est. value
$20.6M
MEDICAL BUILDING
Est. value
$20.4M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2008
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Lot
5.98 ac
Current owner
From public records · entity-resolved
Thrivent Finl For Lutherans
Individual
Mailing address
1556 PARKSIDE DR, WALNUT CREEK, CA 94596-3556
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Thrivent Finl For Lutherans
Riverbank LP First
Grant Deed
related
$11,290,000 · Thrivent Fin'l/lutherans
Feb 7, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
First Riverbank LP
—
Loan Modification
related
$11,290,000 · Thrivent Fin'l/lutherans
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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