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Property profile & analytics
FOR LEASE
Warehouses
3427 Railroad Ave Ceres, CA 95307
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1699319
For Lease
1 / 2
$3,360,000
3427 Railroad Ave, Ceres, CA 95307
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
STEEL FRAME
Total area
28,000 SF
Lot
1.16 ac (50,529 SF)
APN
127-026-008-000
UPID
US09-1699319
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
-
Shaw Plumbing & Heating Plumbing Service General Contractor
-
Divine Cabinets and Moldings Department Store
-
Gustavos Vinylworks Hardware & Home Improvement Building Supply
-
24/7 TowTruck Ceres, CA Marketing & Advertising
-
BONSU ELITE ATHLETICS - Sports Performance Training Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.05M
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
Khatri Brothers LP · 3 yrs held
Khatri Brothers LP
since 2023
Last sale
$3.9M
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 Ceres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ceres 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
$2,905,000
ML approach
$3,050,000
CAP Approach
CAP Return
Estimation
6%
$3,400,000
6.5%
$3,135,000
7%
$2,915,000
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±10% · vs last sale $3.85M (Jan 27 2023)
Last sale anchor
$3.85M
Jan 27 2023
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
$120 / 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
$26,881
Tax year 2024
Assessed value
$2,404,140
Assessed 2024
Previous assessed
$2,404,140
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$257,040
Assessed improvement
$2,147,100
Applied tax rate
1.0000
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
For Lease
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
7
Total area
28,000 SF
Lot
1.16 ac (50,529 SF)
APN
127-026-008-000
UPID
US09-1699319
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
1977
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
7
Lot
1.16 ac
Current owner
From public records · entity-resolved
Khatri Brothers LP
Entity
Mailing address
1300 K ST, MODESTO, CA 95354-0928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jan 27, 2023
$3,850,000
Khatri Brothers LP
Railroad Business Park LLC
Grant Deed
—
Mar 19, 2019
—
Railroad Business Park LLC
—
Deed
related
$645,000 · Silver Hill Financial LLC
Nov 22, 2016
—
Railroad Business Park LLC
—
Deed
related
$211,000 · Val-chris Invs
Sep 30, 2015
$1,500,000
Railroad Business Park LLC
D Betty Machado
Grant Deed
—
Jul 7, 2008
—
Joseph G Machado
Machado,joseph G
Quit Claim Deed
related
—
Feb 29, 2008
—
Dorothy B Machado
Machado,joseph G
Affidavit Of Death
related
$59,891 · Westamerica Bank
Dec 27, 2007
—
Machado D Betty 2005 Trust
Machado,d Betty
Quit Claim Deed
related
—
—
—
Joseph G Machado
—
Deed Of Trust
related
$200,000 · Westamerica Bank
—
—
Joseph G Machado
—
Deed Of Trust
related
$250,000 · Pacific Valley National Bank
—
—
Railroad Business Park LLC
—
Deed Of Trust
related
$211,000 · Val-chris Invs
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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