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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Apartment buildings
351 Valpico Rd Tracy, CA 95376-8122
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3439318
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2023
Construction
WOOD
Total area
24,825 SF
Lot
11.63 ac (506,603 SF)
APN
246-140-240-000
UPID
US09-3439318
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
-
vila apt Apartment Complex
-
Valpico Glenbriar Apartments Hotel & Motel Bed & Breakfast
-
The Vela Apartments Real Estate Agency
-
Blink Charging Station Electric Vehicle Charging Station
-
Tracy Site Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.70M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$3.58M
Owner & transaction history
City Of Tracy · 1 yrs held
City Of Tracy
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.8M
+61.9%
Medical building
$5.4M
+52.1%
Auto repair, garage
$3.9M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,085,000
6.5%
$4,695,000
7%
$4,360,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,565,000
Current use
INDUSTRIAL (GENERAL)
$5,770,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$5,420,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,850,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$3,125,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±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
$144 / 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
$754,496
Tax year 2024
Assessed value
$67,602,763
Assessed 2024
Previous assessed
$67,602,763
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$6,606,763
Assessed improvement
$60,996,000
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
2023
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
87
Total area
24,825 SF
Lot
11.63 ac (506,603 SF)
APN
246-140-240-000
UPID
US09-3439318
Jurisdiction
SAN JOAQUIN
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) Current
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
2023
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
87
Lot
11.63 ac
Current owner
From public records · entity-resolved
City Of Tracy
Entity
Free & Clear · 1 yrs held
Mailing address
333 CIVIC CTR PLZ STE #225, TRACY, CA 95376-4062
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
—
Valpico Tracy Apartments LLC
—
Deed
related
$63,104,000 · Berkadia Commercial Mortgage LLC
Sep 27, 2024
—
City Of Tracy
Valpico Tracy Apartments LLC
Intrafamily Transfer
related
—
Dec 22, 2021
—
Valpico Tracy Apartmetns LLC
—
Deed
related
$57,000,000 · East West 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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