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Property profile & analytics
OFF-MARKET
Estimated value
$5,705,000
Industrial properties
950 Grant Line Rd Tracy, CA 95304-2828
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0540142
Property profile
Verified
Property type
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Year built
1988
Total area
39,600 SF
Lot
2.9 ac (126,324 SF)
APN
250-270-240-000
UPID
US09-0540142
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
-
Inland Premium Packers Agricultural Supply Food Market
-
Driftwood Apartments Real Estate Agency
-
The Granville Apartment Building
-
Luna & Associates Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$5.71M
Owner & transaction history
Lee Ajbr LLC · 5 yrs held
Lee Ajbr LLC
since 2021
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.2M
+135.7%
Medical building
$8.6M
+121.4%
Auto repair, garage
$6.1M
+57.2%
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
$5,485,000
ML approach
$5,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MULTI-TENANT INDUSTRIAL BUILDING
$3,905,000
Current use
INDUSTRIAL (GENERAL)
$9,205,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$8,645,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,140,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,685,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$5.71M
Range $5.13M – $6.28M · ±10% · vs last sale $6.15M (Jun 30 2021)
Last sale anchor
$6.15M
Jun 30 2021
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
$73,268
Tax year 2024
Assessed value
$6,526,429
Assessed 2024
Previous assessed
$6,526,429
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,342,428
Assessed improvement
$5,184,001
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
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Total area
39,600 SF
Lot
2.9 ac (126,324 SF)
APN
250-270-240-000
UPID
US09-0540142
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
MULTI-TENANT INDUSTRIAL BUILDING Current
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
MULTI-TENANT INDUSTRIAL BUILDING Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Stories
1
Lot
2.9 ac
Current owner
From public records · entity-resolved
Lee Ajbr LLC
Entity
Mailing address
1324 SUNNYSLOPE AVE, BELMONT, CA 94002-3728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$6,150,000
Lee Ajbr LLC
Zk Tracy Properties LLC
Grant Deed
$3,615,000 · Heritage Bank Of Commerce
Jul 20, 2018
$37,000,000
Mp Apw Driftwood LLC
Granville LLC
Grant Deed
$25,857,000 · Berkadia Commercial Mortgage LLC
Feb 13, 2018
—
Zk Tracy Properties LLC
—
Deed
related
$2,000,000 · Bank Of West
Jan 5, 2018
$3,750,000
Zk Tracy Properties LLC
Mission Family Living Trlt
Grant Deed
—
May 16, 2012
—
City Of Tracy
Mission Family Living Trust
Grant Deed
—
Dec 12, 2008
—
Mary A Davison
Davison,eric W
Quit Claim Deed
related
—
Dec 12, 2008
$2,900,000
Misson Family Living Trust
Twz LLC
Grant Deed
$1,450,000 · Fremont Bank
Nov 24, 2008
$430,500
Wachovia Mtg Fsb
Golden West Svgs Assn Svc
Trustees Deed
related
—
Aug 27, 2008
—
Thomas W Zolezzi
Thunderbird Properties LLC
Grant Deed
related
—
Aug 14, 2008
—
Mad Real Estate LLC
Davison,mary A
Grant Deed
related
—
Jul 14, 2008
—
Twz LLC
Zolezzi,thomas W
Grant Deed
related
—
Oct 20, 2000
—
Thundebird Properties LLC
Oates Trust
Grant Deed
related
—
—
—
Misson Family Living Trust
—
Deed Of Trust
related
$1,325,000 · Fremont Bank
—
—
Zk Tracy Properties LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of 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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