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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
924 Central Ave Tracy, CA 95376-3913
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2370660
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
WOOD
Total area
3,545 SF
Lot
0.12 ac (5,293 SF)
Zoning code
44
APN
235-172-180-000
UPID
US09-2370660
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
-
Doherty John E Law Firm
-
Amar Dhillon Realtor Real Estate Agency
-
Shaly Dhanjal Real Estate Agent Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$690k
Owner & transaction history
Success Group USA LLC · 4 yrs held
Success Group USA LLC
since 2022
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
44 · Tracy, CA
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
$555,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$895,000
Current use
MEDICAL BUILDING
$775,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $850k (Mar 4 2022)
Last sale anchor
$850k
Mar 4 2022
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
$195 / 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
$11,031
Tax year 2024
Assessed value
$884,340
Assessed 2024
Previous assessed
$884,340
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$161,262
Assessed improvement
$723,078
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,545 SF
Lot
0.12 ac (5,293 SF)
Zoning code
44
APN
235-172-180-000
UPID
US09-2370660
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
44 · Tracy, CA
Zoning 44 · permitted uses
44 · 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
OFFICE BUILDING Current
Est. value
$895,000
MEDICAL BUILDING
Est. value
$775,000
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
Year built
1930
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Success Group USA LLC
Entity
Mailing address
PO BOX 3398, TURLOCK, CA 95381-3398
Ownership since
2022
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
Oct 9, 2025
—
Success Group USA LLC
—
Deed
related
$925,000 · Bank Of Stockton
Mar 4, 2022
$850,000
Success Group USA LLC
Ronald Van Leachman
Grant Deed
$200,000 · Guy C Bums Etal
—
—
Ronald V Leachman
—
Deed Of Trust
related
$60,000 · Borden Trust
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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