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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Warehouses
2480 Walnut Rd Turlock, CA 95382-0761
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1628353
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
STEEL FRAME
Total area
10,000 SF
Lot
1.02 ac (44,431 SF)
APN
071-026-080-000
UPID
US09-1628353
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
-
A+ Innovative Drywall CO. Hardware & Home Improvement Interior Design
-
Best Bros Painting Painting Service General Contractor
-
Darrale Patrias Electrical Inc Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$1.00M
Owner & transaction history
Daniel Covarrubias · 5 yrs held
Daniel Covarrubias
since 2021
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+132.2%
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
$960,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$655,000
Current use
COMMERCIAL (GENERAL)
$1,515,000
Change: +132% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.25M (Jan 29 2021)
Last sale anchor
$1.25M
Jan 29 2021
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
$100 / 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
$14,627
Tax year 2024
Assessed value
$1,362,923
Assessed 2024
Previous assessed
$1,362,923
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$238,771
Assessed improvement
$1,124,152
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
10,000 SF
Lot
1.02 ac (44,431 SF)
APN
071-026-080-000
UPID
US09-1628353
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
WAREHOUSE, STORAGE Current
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1978
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Daniel Covarrubias
Individual
Mailing address
2231 DOO CT, TURLOCK, CA 95382-8900
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
$1,250,000
Daniel Covarrubias
Darrale Patrias
Grant Deed
$625,000 · Bank Of Stockton
Jan 29, 2021
—
Covarrubias Trust
—
Deed
related
$625,000 · Bank Of Stockton
Sep 17, 2002
—
James Baumgart
Baumgart,lorraine M
Quit Claim Deed
related
—
Dec 21, 1998
—
Patrias Trust
Patrias,darrale & Joyce F
Quit Claim Deed
related
—
—
—
Covarrubias Trust
—
Deed Of Trust
related
$625,000 · 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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