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    2254 Floyd Ave Modesto, CA 95355

    Sponsored
    For Sale
    $3,250,000

    High-yield investment, strong lease in place.

    Property size:
    28,261 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, situated at 2254 Floyd Avenue in Modesto, California, presents a compelling investment opportunity. The building encompasses a substantial 28,261 square feet and sits on a generous 1.52-acre lot, ideally positioned within a bustling North Modesto shopping district. Currently operating under a secure 5-year lease agreement, with three additional 5-year options, this property offers significant long-term stability and predictable income. The current lease generates a 5.7% capitalization rate, demonstrating a strong return on investment. The property's prime location within a thriving commercial area ensures high visibility and accessibility, making it an attractive proposition for a variety of businesses. The substantial size of the building and lot provides ample space for expansion or future development, offering further potential for increased revenue and appreciation. This is a rare opportunity to acquire a well-established, high-performing commercial property in a desirable location with a proven track record of success. The existing lease provides immediate cash flow, while the long-term options offer security and growth potential. This property is an ideal investment for those seeking a stable, high-yield asset with significant upside. Serious inquiries only.

    Property Features for 2254 Floyd Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    28,261 SF
    Lot Size
    66,211 SF

    Building Details

    Year Built
    2001
    Property Profile Location Intelligence

    Current Use by Public Records

    In-Shape Family Fitness Gym

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.956
    Latitude
    37.67745

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield investment, strong lease in place.
    Where is this commercial real estate located?
    The property is located at 2254 Floyd Ave Modesto, CA.
    What is the asking price?
    The asking price for this property is $3,250,000.
    591-5120
    Request Owner's contact information
    2254 Floyd Ave Modesto, CA 95355
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    Modesto, CA 95355
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2254 Floyd Ave Modesto, CA 95355
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