16-Unit Strip
For Sale
$1,200,000
1026 McHenry Ave, Modesto, CA 95350
Corner retail property offering multiple commercial spaces with central air conditioning.
Property Size6,672 SF
Price / SF$179.86
Days on Market174
Property Features for 1026 McHenry Ave
General Information
Standard status
Active
Size
6,672 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1961
Tenancy
Multi
Listing Agency:
HomeSmart PV & Associates
Listed By:
Camila Carrillo · License #02091368
(209) 568-7900
Source:
Thedelrealgroup
Added: Apr 24
Changed: Oct 5
Last Checked: Oct 7 at 4:46PM
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 HomeSmart PV & Associates
Investment Insights
Based on property information with market context.
McHenry Plaza is a 16-unit strip mall positioned at the intersection of McHenry Avenue and Corson Avenue in Modesto. The property includes central air conditioning and commercial exterior improvements, providing a multi-space retail configuration for a range of occupants.
Constructed in 1961, the property is located at 1026 McHenry Avenue, Modesto, CA 95350. Its corner placement provides an identifiable presence at the junction of two streets, while the unit count supports a shared retail center format.
Constructed in 1961, the property is located at 1026 McHenry Avenue, Modesto, CA 95350. Its corner placement provides an identifiable presence at the junction of two streets, while the unit count supports a shared retail center format.
Key Highlights
- 16‑unit strip mall
- Corner position at McHenry Avenue and Corson Avenue
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,477
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,069,540
$2.1M
Cap Rate 7%
$1,478,243
$1.5M
Cap Rate 9%
$1,149,744
$1.1M
Market Conditions
NOI Build-Up for 6,672 SF
Gross rent
$156.9K $23.52/SF
− Vacancy
−$9.1K −$1.36/SF
EGI
$147.8K $22.16/SF
− OpEx
−$44.3K −$6.65/SF
NOI
$103.5K $15.51/SF
Area
Modesto, CA
Vacancy
5.80%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,069,540
Cap Rate 7%
$1,478,243
Cap Rate 9%
$1,149,744
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,477 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $156,925 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 37%
Hotels & Casinos 9%
Home Improvements & Furnishings 5%
SONIC Drive In
Dining
15,822 visits/mo
0.4 miles
Wendy's
Dining
15,183 visits/mo
0.5 miles
Chevron
Shops & Services
14,056 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
7,258 visits/mo
0.3 miles
Tiki Lodge Hotel
Hotels & Casinos
3,792 visits/mo
0.2 miles
Demographics for 95350, CA
55,344
Population
20,327
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
6,289
Density / Sq Mi
$73,611
Median Household Income
$43,428
Median Earnings
$1,483
Median Rent
$397,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Corner retail property offering multiple commercial spaces with central air conditioning.
Where is this strip mall located?
The property is located at 1026 McHenry Ave Modesto, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 16‑unit strip mall; Corner position at McHenry Avenue and Corson Avenue; Central air conditioning
