Historic Industrial Building in
For Sale
$830,000
1106 G St, Modesto, CA 95354
Vintage industrial landmark with endless possibilities in downtown Modesto.
Property Size5,250 SF
Lot Size0.12 Acres
Days on Market211
Property Features for 1106 G St
General Information
Standard status
Active
Size
5,250 SF
Lot size
0.12 Acres
Property subtype
Commercial
Building Details
Building Size
5,250 SF
Year Built
1929
Listing Agency:
EXIT Realty Consultants
Listed By:
Renee Ledbetter · License #01488931
(209) 554-5252
Source:
Elliman
Added: Mar 11
Changed: Aug 25
Last Checked: Aug 25 at 7:36AM
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 EXIT Realty Consultants
Investment Insights
Based on property information with market context.
This historic building, formerly Modesto Machine Works, is located in downtown Modesto, approximately 90 miles from San Francisco. The property retains its original redwood beam ceilings, complete with authentic overhead drive shafts and pulleys. It features exposed brick and walls of windows. The building's expansive interior and industrial charm offer possibilities for various uses, including a wine bar, tap room, design studio, office space, or boutique retail hub. The property is within walking distance of the Gallo Center for the Arts, shops, cafes, and parks.
Key Highlights
- Historic 1929 building with original redwood beam ceilings, overhead drive shafts, and pulleys.
- Versatile space suitable for a machine shop, wine bar, tap room, design studio, office space, or retail hub.
- Located in the heart of downtown Modesto, close to arts, shops, cafes, and parks.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,009
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,180
$1.0M
Cap Rate 7%
$714,414
$714.4K
Cap Rate 9%
$555,656
$555.7K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$75.6K $14.40/SF
− Vacancy
−$4.2K −$0.79/SF
EGI
$71.4K $13.61/SF
− OpEx
−$21.4K −$4.08/SF
NOI
$50.0K $9.53/SF
Area
Modesto, CA
Vacancy
5.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,180
Cap Rate 7%
$714,414
Cap Rate 9%
$555,656
Alternative Uses
Best Use
Industrial
$714.4K
$625.1K – $833.5K
NOI $50,009 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,480 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,282
Businesses Nearby
Explore this area
Business Placement
Demographics for 95354, CA
26,765
Population
9,797
Households
2.7
Avg Household Size
36
Median Age
17%
College-Educated
80%
High-School Grad
7.7 sq mi
ZIP Area
3,476
Density / Sq Mi
$65,643
Median Household Income
$42,126
Median Earnings
$1,463
Median Rent
$360,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Vintage industrial landmark with endless possibilities in downtown Modesto.
Where is this manufacturing property located?
The property is located at 1106 G St Modesto, CA.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Historic 1929 building with **original redwood beam ceilings, overhead drive shafts, and pulleys.**; Versatile space suitable for a machine shop, wine bar, tap room, design studio, office space, or retail hub.; Located in the heart of downtown Modesto, close to arts, shops, cafes, and parks.
