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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Medical Office Space
2603 Patterson Rd Riverbank, CA 95367-3407
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-0403676
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
17,000 SF
Lot
1.18 ac (51,400 SF)
Zoning code
C2
APN
075-009-071-000
UPID
US09-0403676
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
-
Smile Shine Family Dental Dental Office
-
Dang Anthony Q DDS Dental Office
-
Riverbank Community Health Center Medical Clinic
-
Lynch L. Robert M.D. Physician
-
Riverbank Community Health Center: Arellano Andres MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.80M
Owner & transaction history
Riverbank Professional Plaza · 22 yrs held
Riverbank Professional Plaza
since 2004
5 recorded transactions
Zoning & alternative use
C2 · Riverbank, 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 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%
$4,090,000
6.5%
$3,775,000
7%
$3,505,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,560,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±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
$165 / 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
$50,364
Tax year 2024
Assessed value
$4,000,000
Assessed 2024
Previous assessed
$4,000,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$822,000
Assessed improvement
$3,178,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Total area
17,000 SF
Lot
1.18 ac (51,400 SF)
Zoning code
C2
APN
075-009-071-000
UPID
US09-0403676
Jurisdiction
STANISLAUS
Zoning & alternative use
C2 · Riverbank, CA
Zoning C2 · permitted uses
C2 · 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
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
WOOD
Heating
NONE
Cooling
Yes
Lot
1.18 ac
Current owner
From public records · entity-resolved
Riverbank Professional Plaza
Individual
Mailing address
2603 PATTERSON RD STE #1, RIVERBANK, CA 95367-3407
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Aug 3, 2004
—
Riverbank Professional Plaza
—
Trustees Deed
related
$2,539,100 · Modesto Commerce Bank
Mar 23, 2004
—
Riverbank Professional Plaza
Maddocks,lee C
Grant Deed
related
—
—
—
Riverbank Professional Plz LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of The West
—
—
Riverbank Professional Plz LLC
—
Deed Of Trust
related
$244,412 · Yates C A & C A Family Trust
—
—
Riverbank Professional Plz LLC
—
Deed Of Trust
related
$400,000 · Lee C Maddocks
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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