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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Banks
3501 Tully Rd Modesto, CA 95356-1040
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0422594
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1978
Construction
WOOD
Total area
6,614 SF
Lot
0.6 ac (26,136 SF)
APN
054-038-008-000
UPID
US09-0422594
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
-
Prime Lending Loan Service Bank
-
US Bank Mortgage Loan Service Bank
-
U.S. Bank Branch Bank Loan Service
-
ATM Atm
-
Source One Financial Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$525k
Owner & transaction history
Karam Property Management LLC
Karam Property Management LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$805,000
+39.1%
Commercial (general)
$800,000
+38.6%
Auto repair, garage
$705,000
+22.0%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$575,000
Current use
MEDICAL BUILDING
$805,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$79 / 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
$16,678
Tax year 2024
Assessed value
$1,506,796
Assessed 2024
Previous assessed
$1,506,796
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$518,729
Assessed improvement
$988,067
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
6,614 SF
Lot
0.6 ac (26,136 SF)
APN
054-038-008-000
UPID
US09-0422594
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
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$575,000
MEDICAL BUILDING
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$705,000
RETAIL STORES
Est. value
$665,000
FINANCIAL BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1978
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Karam Property Management LLC
Entity
Mailing address
4312 ALSACE LN, MODESTO, CA 95356-8945
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 21, 2025
$1,715,000
Karam Property Management LLC
Brian K Velthoen & Margaret A Velth
Grant Deed
$650,000 · Pnc Bank NA
Jun 17, 2024
—
Margaret A Velthoen
—
Deed
related
$562,000 · Bank Of Stockton
Sep 28, 2018
—
B K Velthoen
Velthoen,brian K
Affidavit Of Death
related
—
Feb 5, 2007
—
Velthoen B K & M A Family
Velthoen,brian & Margaret
Quit Claim Deed
related
—
Jul 27, 1994
$575,000
Brian K Velthoen
Union Safe Depos
Grant Deed
$720,000 · Modesto Banking Co
—
—
Velthoen B K & M Family Trust
—
Deed Of Trust
related
$250,000 · Goodrich Family Trust
—
—
Brian K Velthoen
—
Deed Of Trust
related
$728,000 · County Bank
—
—
Velthoen B K & M A Family
—
Deed Of Trust
related
$400,000 · Delta Bank NA
—
—
Velthoen B K & M A Family Trust
—
Deed Of Trust
related
$777,984 · Us Bank NA
—
—
Corn & Harris Development LLC
—
Deed Of Trust
related
$69,500 · Stockton Mortgage
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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