Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    514 2Nd St Patterson, CA 95363

    Sponsored
    For Sale
    $675,000

    Prime corner lot, high traffic, Opportunity Zone.

    Property size:
    1,304 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    361
    This exceptional 0.48-acre commercial lot, located at 514 N 2nd Street in Patterson, CA, presents a unique investment opportunity. The property boasts 20,751 square feet of land with Highway 33 frontage, ensuring high visibility and significant daily traffic. According to CalTrans data, the Average Daily Traffic Count is 6,900 vehicles. The existing 1,304 square foot building suffered a recent fire and requires significant attention or demolition. This presents a blank canvas for a new development, tailored to the needs of a wide range of businesses. The property's location within an Opportunity Zone offers substantial tax advantages and incentive programs for investors. The surrounding area is experiencing rapid growth, with a planned annexation adding over 5,000 new homes, creating a strong potential customer base. The general commercial zoning allows for diverse uses, including restaurants and professional offices. This prime location near medical offices and the downtown area guarantees high foot traffic and visibility, making it an ideal site for businesses seeking to thrive in a dynamic and expanding market. The combination of high traffic, Opportunity Zone status, and Patterson's growth trajectory makes this a truly exceptional investment opportunity.

    Property Features for 514 2Nd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,304 SF
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Kanwarbir Chima

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Patterson
    County
    Stanislaus
    State
    California
    Longitude
    -121.1338
    Latitude
    37.47819

    Nearby Similar for Sale

    • $4,859,460

      Westley Ranch with Highway Frontage

      180-acre ranch with I-5 frontage near Westley, California.
      Howard Rd, Patterson, CA 95360
      View Details
    • Contact for pricing
      1,249,920 SF

      Rogers Road Warehouse and Distribution

      Class A warehouse facilities suitable for distribution or light manufacturing.
      13701 Rogers Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      766,080 SF

      Patterson Warehouse and Distribution Facility

      Class A warehouse suitable for fulfillment, distribution, manufacturing.
      Zacharias Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      36,140 SF

      Modern Warehouse Facility For Sale

      Class A warehouse suitable for fulfillment, distribution, or manufacturing.
      Rogers Rd, Patterson, CA 95363
      View Details
    • $875,000
      3,484 SF

      Downtown Patterson Commercial Gem

      Historic building, prime location, high growth potential.
      355 Las Palmas Ave, Patterson, CA 95363
      View Details
    • Contact for pricing
      100,000 SF

      Patterson Industrial Complex

      100,000 SF Multi-Tenant Facility
      100 Las Palmas Ave, Patterson, CA 95363
      View Details
    • $2,885,414
      240,451 SF

      Patterson Industrial Land Investment

      5.52-acre industrial site, vacant, ready to build.
      801 Baldwin Rd, Patterson, CA 95363
      View Details
    • $875,000
      3,484 SF

      Carnegie Professional Building

      Historic Downtown Patterson Office
      355 Las Palmas Ave, Patterson, CA 95363
      View Details
    • $675,000
      0.48 Acres

      Patterson Commercial Land - Redevelopment Opportunity

      Prime CA location, vacant lot, redevelopment potential.
      514 2Nd St, Patterson, CA 95363
      View Details
    • Contact for pricing
      14,000 SF

      Patterson Industrial Warehouse

      14,000 SF Warehouse, Heavy Industrial
      71 1St St, Patterson, CA 95363
      View Details
    • Contact for pricing
      36,140 SF

      Interstate 5 Trade Center: Patterson, CA

      Massive Industrial Park, I-5 Access
      570-ACRE Industrial Park, Patterson, CA 95363
      View Details
    • Contact for pricing
      14,000 SF

      Patterson Warehouse: Prime Location

      14,000 SF Warehouse, 2.24 Acres
      151 Pomelo Ave, Patterson, CA 95363
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime corner lot, high traffic, Opportunity Zone.
    Where is this commercial real estate located?
    The property is located at 514 2Nd St Patterson, CA.
    What is the asking price?
    The asking price for this property is $675,000.
    892-8300
    Request Owner's contact information
    514 2Nd St Patterson, CA 95363
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    514 2Nd St
    Patterson, CA 95363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    514 2Nd St Patterson, CA 95363
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kanwarbir Chima
    892-8300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.