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Property profile & analytics
OFF-MARKET
Apartment buildings
3401 Shawnee Dr Modesto, CA 95350-0470
Entity Owned
7-yr Hold
Absentee Owner
Property ID
US09-1406190
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
589 SF
Lot
2.63 ac (114,562 SF)
APN
054-021-027-000
UPID
US09-1406190
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
-
Northwood Place Apartments Apartment Complex Apartment Building
-
Harachis Art Design Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Central Valley Ag Fund LP · 7 yrs held
The Central Valley Ag Fund LP
since 2019
7 recorded transactions
Zoning & alternative use
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 Modesto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Modesto 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$90,032
Tax year 2024
Assessed value
$7,937,423
Assessed 2024
Previous assessed
$7,937,423
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,002,325
Assessed improvement
$6,935,098
Applied tax rate
2.0000
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
1987
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Bathrooms
2
Total area
589 SF
Lot
2.63 ac (114,562 SF)
APN
054-021-027-000
UPID
US09-1406190
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
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
3
Bathrooms
2
Lot
2.63 ac
Current owner
From public records · entity-resolved
The Central Valley Ag Fund LP
Entity
Mailing address
470 E HERNDON AVE STE #101, FRESNO, CA 93720-2929
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
May 15, 2019
$7,261,000
The Central Valley Ag Fund LP
Waugaman Properties LLC
Grant Deed
$4,650,000 · Homestreet Bank
Oct 30, 2015
$5,900,000
Waugaman Properties LLC
Npa Modesto LLC
Grant Deed
$3,230,000 · Jpmorgan Chase Bank NA
Sep 29, 2005
—
Npa Modesto LLC
Northwood Place LLC
Grant Deed
—
Jun 22, 1994
$814,500
Antioch Gruop
Redev INC
Grant Deed
related
—
—
—
Npa Modesto LLC
—
Deed Of Trust
related
$2,500,000 · Capmark Bank
—
—
Antioch Group
—
Deed Of Trust
related
$160,000 · Northwood Place Secured Invest
—
—
Antioch Group
—
Deed Of Trust
related
$320,000 · Barnabas Loan Group
—
—
Northwood Place LLC
—
Deed Of Trust
related
$2,236,000 · Pw Funding INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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