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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office Spaces
632 11th St Ste 119 Tracy, CA 95376-3860
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1744902
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
2,493 SF
APN
234-390-100-000
UPID
US09-1744902
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
-
Hurst Osteopathic Medicine Medical Clinic
-
Teamwork Therapies Physician
-
Victoria Boccanfuso Counselor
-
Martin and Farah Law, P.C. Law Firm
-
Karen Jordan Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$645k
Owner & transaction history
Sandhya Padmanabhan · 5 yrs held
Sandhya Padmanabhan
since 2020
Last sale
$645,000
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 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
$700,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$430,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$630,000
Current use
MEDICAL BUILDING
$545,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $645k (Dec 15 2020)
Last sale anchor
$645k
Dec 15 2020
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
$259 / 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
$7,478
Tax year 2024
Assessed value
$691,568
Assessed 2024
Previous assessed
$691,568
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$209,078
Assessed improvement
$482,490
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Total area
2,493 SF
APN
234-390-100-000
UPID
US09-1744902
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
OFFICE BUILDING Current
Est. value
$630,000
MEDICAL BUILDING
Est. value
$545,000
OFFICE BUILDING Current
MEDICAL BUILDING
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
Heating
NONE
Current owner
From public records · entity-resolved
Sandhya Padmanabhan
Individual
Mailing address
3568 RATHBONE WAY, PLEASANTON, CA 94588-8400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
—
Sandhya Padmanabhan
Sandhya Padmanabhan
Intrafamily Transfer
related
$482,240 · Us Bank Trust Co NA
Aug 5, 2019
$645,000
Rakesh Balakrishnan
Makker,devinder K
Grant Deed
$516,000 · Bank Of America
Aug 5, 2019
—
Devinder K Makker
Makker,uttara
Quit Claim Deed
related
—
Sep 4, 2015
—
Devinder K Makker
Davinder K Makker Md Professio
Quit Claim Deed
—
Aug 20, 2012
$300,000
Devinder K Makker Md
Edwards T J Trust
Grant Deed
$296,600 · Bank Of The West
Jul 2, 2010
—
Edwards Theodore J Trust
Edwards Family Trust
Quit Claim Deed
related
—
May 21, 2008
—
Edwards Family Trust
Edwards Family Trust
Quit Claim Deed
related
—
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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