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Property profile & analytics
OFF-MARKET
Estimated value
$8,850,000
Apartment buildings
800 Grant Line Rd Tracy, CA 95376-2429
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1727047
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1973
Construction
WOOD
Total area
64,582 SF
Lot
3.1 ac (135,036 SF)
Zoning code
14
APN
232-070-020-000
UPID
US09-1727047
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
-
Royal prestige Corporate Office
-
Nixon-Egli Equipment Co (Bike/Boat/Book/etc) Store Rental Equipment Company
-
California Steel Stair & Rail Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.22M
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$8.85M
Owner & transaction history
Mp Apw Driftwood LLC · 7 yrs held
Mp Apw Driftwood LLC
since 2018
7 recorded transactions
Zoning & alternative use
14 · Tracy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.1M
+52.1%
Auto repair, garage
$10.0M
+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%
$13,230,000
6.5%
$12,215,000
7%
$11,340,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,270,000
Current use
MEDICAL BUILDING
$14,105,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,015,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$8,130,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.85M
Range $7.97M – $9.74M · ±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
$137 / 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
$231,771
Tax year 2024
Assessed value
$21,417,962
Assessed 2024
Previous assessed
$21,417,962
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,716,614
Assessed improvement
$18,701,348
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
1973
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
94
Bathrooms
10
Total area
64,582 SF
Lot
3.1 ac (135,036 SF)
Zoning code
14
APN
232-070-020-000
UPID
US09-1727047
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
14 · Tracy, CA
Zoning 14 · permitted uses
14 · Tracy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tracy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$10.0M
RETAIL STORES
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS) Current
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
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
94
Bathrooms
10
Lot
3.1 ac
Current owner
From public records · entity-resolved
Mp Apw Driftwood LLC
Entity
Mailing address
6133 BRISTOL PKWY STE #270, CULVER CITY, CA 90230-6629
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Feb 24, 2023
—
Save Mart Portfolio Owner Nlp Ca Ll
—
Deed
related
$425,000,000 · Wells Fargo Bank NA
Jul 20, 2018
$37,000,000
Mp Apw Driftwood LLC
Granville LLC
Grant Deed
$25,857,000 · Berkadia Commercial Mortgage LLC
Nov 7, 2005
—
Driftwood Apartments LLC
—
Deed Of Trust
related
$5,000,000 · Bank Of Walnut Creek
—
—
Grantline Gardens Group
—
Deed Of Trust
related
$550,000 · Grantline Secure
—
—
Grantline Garden
—
Deed Of Trust
related
$2,850,000 · World Savings & Loan
—
—
Grantline Garden
—
Deed Of Trust
related
$500,000 · Grantline Garden
—
—
Driftwood Apartments LLC
—
Deed Of Trust
related
$8,500,000 · Bank Of The West
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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