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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Apartment buildings
27 6th St Tracy, CA 95376-4109
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2949495
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Construction
WOOD
Total area
10,238 SF
Lot
0.35 ac (15,044 SF)
Zoning code
NC
APN
235-069-220-000
UPID
US10-2949495
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.90M
Owner & transaction history
Luxe Income Properties LLC · 2 yrs held
Luxe Income Properties LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
NC · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+93.8%
Office building
$2.6M
+75.8%
Industrial (general)
$2.4M
+61.9%
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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$2,095,000
6.5%
$1,935,000
7%
$1,800,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,470,000
Current use
RESTAURANT
$2,850,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$2,585,000
Change: +76% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,380,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$2,235,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,590,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,290,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Apr 19 2024)
Last sale anchor
$1.90M
Apr 19 2024
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
$186 / 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
$21,048
Tax year 2024
Assessed value
$1,942,598
Assessed 2024
Previous assessed
$1,942,598
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$281,340
Assessed improvement
$1,661,258
Applied tax rate
4.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
10
Bathrooms
13
Total area
10,238 SF
Lot
0.35 ac (15,044 SF)
Zoning code
NC
APN
235-069-220-000
UPID
US10-2949495
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
NC · Tracy, CA
Zoning NC · permitted uses
NC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1989
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
10
Bathrooms
13
Lot
0.35 ac
Current owner
From public records · entity-resolved
Luxe Income Properties LLC
Entity
Mailing address
1972 ALPET DR, MORGAN HILL, CA 95037-9711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
$1,900,000
Luxe Income Properties LLC
Susan E Reizner
Grant Deed
$1,330,000 · Sofi Bank NA
May 16, 2022
—
Richard J Reizner
—
Deed
related
$1,100,000 · Axos Bank
Feb 5, 2020
—
Richard J Reizner
—
Deed
related
$800,000 · Axos Bank
Mar 29, 2016
—
Richard J Reizner
Richard Reizner
Intrafamily Transfer
related
$650,000 · Bofi Federal Bank
Jan 11, 2006
$1,450,000
Richard Reizner
Fider,tomasito & Elizabeth
Grant Deed
—
Jan 11, 2006
—
Richard Reizner
Susan Reizner
Intrafamily Transfer
related
—
Mar 2, 1998
$540,000
Tomasito Fider
Cose,don A & Darlene A
Grant Deed
$378,000 · Washington Mutual Fsb
—
—
Tomasito Fider
—
Deed Of Trust
related
$330,000 · Bay Area Financial
—
—
Tomasito Fider
—
Deed Of Trust
related
$745,000 · Citibank West Fsb
—
—
Don A Cose
—
Deed Of Trust
related
$420,000 · Tracy Federal 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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