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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Banks
241 Main St Turlock, CA 95380-4827
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2326450
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1968
Construction
TILT-UP CONCRETE
Total area
5,358 SF
Lot
0.57 ac (24,829 SF)
APN
061-015-048-000
UPID
US09-2326450
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
-
Debt Adjusters Financial Advisor
-
Oak Valley Community Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$390k
Blend (final)
Blend
$615k
Owner & transaction history
Jeff Chapman · 4 yrs held
Jeff Chapman
since 2022
Last sale
$809,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$745,000
+83.1%
Auto repair, garage
$660,000
+62.4%
Restaurant
$580,000
+42.8%
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 Turlock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Turlock 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
$600,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$405,000
Current use
COMMERCIAL (GENERAL)
$745,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +62% · Conversion: Difficult
RESTAURANT
$580,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$525,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$510,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$425,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$370,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $810k (Feb 23 2022)
Last sale anchor
$810k
Feb 23 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
$115 / 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
$13,798
Tax year 2024
Assessed value
$1,285,595
Assessed 2024
Previous assessed
$1,285,595
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$256,583
Assessed improvement
$1,029,012
Applied tax rate
7.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
5,358 SF
Lot
0.57 ac (24,829 SF)
APN
061-015-048-000
UPID
US09-2326450
Jurisdiction
STANISLAUS
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
FINANCIAL BUILDING Current
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$660,000
RESTAURANT
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$525,000
MEDICAL BUILDING
Est. value
$510,000
INDUSTRIAL (GENERAL)
Est. value
$425,000
RETAIL STORES
Est. value
$370,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1968
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Jeff Chapman
Individual
Free & Clear · 4 yrs held
Mailing address
405 HANOVER AVE, TURLOCK, CA 95382-1825
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
$809,500
Jeff Chapman
Gary G Kern
Grant Deed
—
Feb 23, 2022
—
John Michael Chapman
Anna Nicole Burrow
Intrafamily Transfer
related
$1,225,000 · Oak Valley Community Bank
Dec 28, 2020
—
Team,chapman Trust
Kck Ptshp
Quit Claim Deed
—
Oct 18, 2005
—
Kck Ptshp
King Family 1989 Trust
Grant Deed
—
Sep 15, 2005
—
King Family 1989 Trust
King Family 1989 Trust
Quit Claim Deed
related
—
Jul 14, 2005
—
Kck Ptshp
King 1989 Trust
Grant Deed
—
Feb 28, 2005
—
King 1989 Trust
King 1989 Trust
Quit Claim Deed
related
—
Aug 25, 1999
—
King Trust
King Trust
Quit Claim Deed
related
$600,000 · Westamerica Bank
Sep 9, 1998
—
King Trust
Wells Fargo Bank
Quit Claim Deed
related
—
Nov 25, 1992
$475,000
King Trust
Cali Trust
Grant Deed
$332,500 · Pacific Valley National Bank
—
—
John C Kking
—
Deed Of Trust
related
$850,000 · Wells Fargo Bank
—
—
King,tr
—
Deed Of Trust
related
$850,000 · American Securities Co
—
—
King,tr
—
Deed Of Trust
related
$850,000 · Wells Fargo Bank
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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