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Property profile & analytics
OFF-MARKET
Estimated value
$33,525,000
Apartment buildings
3601 Prescott Rd Modesto, CA 95356-0770
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US09-3174911
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
109,684 SF
Lot
5.03 ac (219,106 SF)
APN
076-035-029-000
UPID
US09-3174911
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
-
Summerview Apartment Complex Apartment Building
-
Rigg Ranch Co Clothing Supplier
-
Roof Doctors Stanislaus County Roofing Company General Contractor
-
Response One Medical Medical Clinic
-
DWilson Development Group LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.45M
Comparable Approach
Comparable
$46.11M
Blend (final)
Blend
$33.53M
Owner & transaction history
Summerview Apartments Abc LP · 1 yrs held
Summerview Apartments Abc LP
since 2025
Last sale
$37.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$48.1M
+50.0%
Auto repair, garage
$44.2M
+37.8%
Medical building
$35.7M
+11.4%
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
$23,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,325,000
6.5%
$22,450,000
7%
$20,850,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$32,080,000
Current use
RESTAURANT
$48,110,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$44,215,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$35,730,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$30,070,000
Change: -6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$26,460,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$33.53M
Range $30.17M – $36.88M · ±10% · vs last sale $37.60M (Feb 13 2025)
Last sale anchor
$37.60M
Feb 13 2025
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
$306 / 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
$270,439
Tax year 2024
Assessed value
$23,842,565
Assessed 2024
Previous assessed
$23,842,565
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,715,522
Assessed improvement
$22,127,043
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
1988
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Bathrooms
2
Total area
109,684 SF
Lot
5.03 ac (219,106 SF)
APN
076-035-029-000
UPID
US09-3174911
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$32.1M
RESTAURANT
Est. value
$48.1M
AUTO REPAIR, GARAGE
Est. value
$44.2M
MEDICAL BUILDING
Est. value
$35.7M
COMMERCIAL (GENERAL)
Est. value
$30.1M
INDUSTRIAL (GENERAL)
Est. value
$26.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1988
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
3
Bathrooms
2
Lot
5.03 ac
Current owner
From public records · entity-resolved
Summerview Apartments Abc LP
Entity
Mailing address
2191 MARKET ST STE A, SAN FRANCISCO, CA 94114-4305
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
—
Summerview Apartments Abc LP
Summerview LP
Deed
related
—
Feb 13, 2025
$37,600,000
Summerview Apartments Abc LP
Summerview LP
Grant Deed
—
May 18, 2022
—
Summerview LP
—
Deed
related
$30,987,000 · Dwight Capital LLC
Aug 10, 2021
—
Summerview LP
—
Deed
related
$28,400,000 · Dbf Spe III Ca1 LLC
Apr 1, 2020
$22,191,500
Summerview LP
Pi Properties No 43 LLC
Grant Deed
$19,100,000 · Keybank USA
Jun 30, 2017
—
Pi Properties No 43 LLC
—
Deed
related
$14,556,000 · Capital One Multifamily Fin
Jun 29, 2017
$18,768,000
Pi Properties No 43llc
Morningside Summerview LP
Grant Deed
—
Nov 2, 2011
—
Morningside Summerview LP
—
Deed Of Trust
related
$114,488,000 · Beech Street Capital LLC
Apr 20, 1998
—
Morningside Summerview LP
Alcurt Realty Group INC
Grant Deed
related
—
Feb 26, 1996
—
Alcurt Realty Group INC
Lyon/redev
Grant Deed
related
—
—
—
Morningside Summerview Ptshp
—
Deed Of Trust
related
$6,642,000 · Northmarq Capital INC
—
—
Pi Properties No 43 LLC
—
Deed Of Trust
related
$14,556,000 · Capital One Multifamily Fin
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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