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    Retail Property on Mchenry Avenue Title is generated by Realmo AI

    1009-1021 Mchenry Ave, Modesto, CA

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    Retail property available for sale on Mchenry Avenue.

    Type:RETAIL
    Property size:
    27,000 SF
    Lot size:
    1.56 Acres
    Price / SF:
    $175/SF
    Added:
    Nov 24, 2025
    Days on Market:
    215
    Last Refresh:
    May 20 at 8:41 pm

    Property Features for 1009-1021 Mchenry Ave

    General Information

    Standard status
    Active
    Size
    27,000 SF
    Lot size
    1.56 Acres
    Property subtype
    RETAIL

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    Joshua Ballesteros
    Joshua Ballesteros

    Listing office NAI Northern California

    Listing date Nov 24, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Northern California

    HighLights

    • Retail property
    • Available for sale
    • Located on Mchenry Avenue

    Overview

    A retail property is available for sale. The property has a size of 27000 square feet and is located on Mchenry Avenue in Modesto, California.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $635.0k $23.52
    − Vacancy −$36.8k −$1.36
    EGI $598.2k $22.16
    − OpEx −$179.5k −$6.65
    NOI $418.7k $15.51
    27,000 SF · lease $23.52/SF/yr · vacancy 5.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $5.98M
    $5.23M – $6.98M (±1% cap)
    NOI $418,745 @ 7.0% cap · market cap 8.86%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $9.07M
    $7.94M – $10.58M (±1% cap)
    NOI $635,040 @ 7.0% cap · market cap 13.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.994
    Latitude
    37.6577

    FAQs

    What type of property is this?
    Retail property - Retail property available for sale on Mchenry Avenue.
    Where is this retail property located?
    The property is located at 1009-1021 Mchenry Ave Modesto, CA.
    What is the asking price?
    The asking price for this property is $4,725,000.
    What are key features of this property?
    This property features: Retail property; Available for sale; Located on Mchenry Avenue
    (209) 518-9025 Call to check price and availability
    More about this property
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