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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Apartment buildings
337 Eaton Ave Tracy, CA 95376-3452
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1183690
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1952
Construction
WOOD
Total area
6,398 SF
Lot
0.75 ac (32,541 SF)
Zoning code
14
APN
233-083-200-000
UPID
US09-1183690
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$790k
Owner & transaction history
Willoughby T Jordon III · 5 yrs held
Willoughby T Jordon III
since 2021
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
14 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+8.0%
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
$780,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$920,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$805,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $875k (Apr 30 2021)
Last sale anchor
$875k
Apr 30 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
$123 / 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
$6,476
Tax year 2024
Assessed value
$587,178
Assessed 2024
Previous assessed
$587,178
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$173,680
Assessed improvement
$413,498
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 (100+ UNITS)
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
12
Bathrooms
12
Total area
6,398 SF
Lot
0.75 ac (32,541 SF)
Zoning code
14
APN
233-083-200-000
UPID
US09-1183690
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
14 · Tracy, CA
Zoning 14 · permitted uses
14 · 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
$920,000
AUTO REPAIR, GARAGE
Est. value
$990,000
RETAIL STORES
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS) Current
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
1952
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
12
Bathrooms
12
Lot
0.75 ac
Current owner
From public records · entity-resolved
Willoughby T Jordon III
Individual
Mailing address
1435 MONTROSE DR, SAN LEANDRO, CA 94577-6353
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$875,000
Willoughby T Jordon III
Dallas Peterson
Grant Deed
$875,000 · Safe Cu
Jan 12, 2021
—
Jordan Family Trust
Martinet Apts LLC
Grant Deed
—
Sep 24, 2018
—
Martinet Apts LLC
Jordan,willoughby T III
Quit Claim Deed
—
Jun 18, 2018
—
Dallas J Peterson
Peterson,rena M
Quit Claim Deed
related
—
Jul 21, 2017
—
Willoughby T Jordan III
Jordan Willoughby T & Mil
Quit Claim Deed
related
—
Jul 29, 2016
—
Jordan,w T & M N Trust
Jordan W T & M N Trust
Quit Claim Deed
related
—
Nov 12, 1991
—
Jordan W T Etl
—
Deed Of Trust
related
—
—
—
Dallas Peterson
—
Deed Of Trust
related
$240,000 · Westside 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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