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Property profile & analytics
OFF-MARKET
Estimated value
$18,725,000
Apartment buildings
Veneman Dr Modesto, CA 95356
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5064353
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
66,340 SF
Lot
5.94 ac (258,746 SF)
APN
076-036-011-000
UPID
US09-5064353
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.58M
Comparable Approach
Comparable
$24.57M
Blend (final)
Blend
$18.73M
Owner & transaction history
Stonebridge Associates LP · 2 yrs held
Stonebridge Associates LP
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.1M
+50.0%
Auto repair, garage
$26.7M
+37.8%
Medical building
$21.6M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,710,000
6.5%
$13,580,000
7%
$12,610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,400,000
Current use
RESTAURANT
$29,100,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,745,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$21,610,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$18,185,000
Change: -6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$16,005,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$18.73M
Range $16.85M – $20.60M · ±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
$282 / 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
$144,122
Tax year 2024
Assessed value
$12,706,110
Assessed 2024
Previous assessed
$12,706,110
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,222,234
Assessed improvement
$10,483,876
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
20
Bathrooms
16
Total area
66,340 SF
Lot
5.94 ac (258,746 SF)
APN
076-036-011-000
UPID
US09-5064353
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
$19.4M
RESTAURANT
Est. value
$29.1M
AUTO REPAIR, GARAGE
Est. value
$26.7M
MEDICAL BUILDING
Est. value
$21.6M
COMMERCIAL (GENERAL)
Est. value
$18.2M
INDUSTRIAL (GENERAL)
Est. value
$16.0M
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
20
Bathrooms
16
Lot
5.94 ac
Current owner
From public records · entity-resolved
Stonebridge Associates LP
Entity
Mailing address
2800 N BRADEN AVE, MODESTO, CA 95356-0648
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
—
Stonebridge Associates LP
Stonebridge Associates
Intrafamily Transfer
related
$33,794,000 · Walker & Dunlop LLC
May 29, 2014
—
Stonebridge Associates
Stonebridge Associates
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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