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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
23950 Chrisman Rd Tracy, CA 95304-8022
Individually Owned
26-yr Hold
Free & Clear
Property ID
US09-0447688
Property summary
AI-generated overview
This exceptional special-purpose property, located at 23950 S Chrisman Rd, Tracy, CA 95304, is perfectly suited for a preschool, school, or daycare. Situated in San Joaquin County, this single-tenancy building offers convenient access from major highways, ensuring easy drop-off and pick-up for families. The property's location south of Tracy's main residential and commercial areas provides a tranquil setting while remaining easily accessible. The surrounding landscape features a mix of farmland, warehouses, and residential properties, reflecting Tracy's unique blend of agricultural roots and modern industrial growth. This presents a unique opportunity to establish a childcare facility in a growing community. The property type is classified as Special Purpose, specifically designed for educational uses. The address is clearly defined, and the geographic coordinates are 37.6841772 latitude and -121.3770336 longitude. This property offers a compelling opportunity for those seeking a well-situated space to serve the childcare needs of the Tracy community. Further details are available upon request.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
3,286 SF
Lot
1.12 ac (48,787 SF)
Zoning code
79
APN
250-030-080-000
UPID
US09-0447688
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
-
Converge PacWest Church Mosque
-
NEW CITY CHURCH Church
-
Paradise Mutual Water Co Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$448k
Blend (final)
Blend
$530k
Owner & transaction history
Northern Cal Baptist Conferenc · 26 yrs held
Northern Cal Baptist Conferenc
since 2000
2 recorded transactions
Zoning & alternative use
79 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$830,000
Current use
MEDICAL BUILDING
$720,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$161 / 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
$3,979
Tax year 2024
Assessed value
$701,360
Assessed 2024
Previous assessed
$701,360
+0.0% YoY
Effective rate
0.57%
On assessed value
Assessed land
$293,821
Assessed improvement
$407,539
Applied tax rate
55.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Total area
3,286 SF
Lot
1.12 ac (48,787 SF)
Zoning code
79
APN
250-030-080-000
UPID
US09-0447688
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
79 · Tracy, CA
Zoning 79 · permitted uses
79 · Tracy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tracy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$830,000
MEDICAL BUILDING
Est. value
$720,000
OFFICE BUILDING Current
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
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Northern Cal Baptist Conferenc
Individual
Free & Clear · 26 yrs held
Mailing address
23950 S CHRISMAN RD, TRACY, CA 95304-8022
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2000
$425,000
Northern Cal Baptist Conferenc
W D O INC
Grant Deed
—
Nov 3, 1998
$365,000
Wdo INC
Sierra-bay Production Credit
Grant Deed
$270,000 · Bank Of Stockton
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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