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    Modesto Industrial Facility For Sale Title is generated by Realmo AI

    2068 Lapham Dr, Modesto, CA

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    Well-equipped industrial facility with a great location in Modesto.

    Type:INDUSTRIAL
    Property size:
    46,147 SF
    Lot size:
    3.05 Acres
    Price / SF:
    $151/SF
    Added:
    Jan 6, 2025
    Days on Market:
    528
    Last Refresh:
    May 19 at 10:53 pm

    Property Features for 2068 Lapham Dr

    General Information

    Standard status
    Active
    Size
    46,147 SF
    Lot size
    3.05 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

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    Listing Contact
    Xavier Santana

    Listing agent Xavier Santana License #CA 01317296

    Listing office NAI | Northgate

    Listing date Jan 6, 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 | Northgate

    HighLights

    • Significant investment opportunity for businesses.
    • Well‑equipped industrial facility.
    • Great location north of Modesto City Airport.
    • Premier industrial asset.
    • Combination of space, infrastructure, and functionality.
    • Ideal for cold storage, high‑power operations, or flexible space utilization.

    Overview

    The property at 2068 Lapham Drive, formerly home to La Michoacana, presents a significant investment opportunity for businesses. It is a premier industrial asset, offering a combination of space, infrastructure, and functionality. The property's strategic location just north of the Modesto City Airport, coupled with its extensive features, makes it an ideal choice for companies seeking to enhance their operational capabilities. The property provides a robust foundation to support diverse business needs, whether for cold storage, high-power operations, or flexible space utilization. The property size is 46147 square feet.

    Local Financial Insights For Warehouse

    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 $609.1k $13.20
    − Vacancy −$30.5k −$0.66
    EGI $578.7k $12.54
    − OpEx −$86.8k −$1.88
    NOI $491.9k $10.66
    46,147 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $7.03M
    $6.15M – $8.20M (±1% cap)
    NOI $491,881 @ 7.0% cap · market cap 7.03%
    Second Best
    Industrial
    $6.28M
    $5.49M – $7.33M (±1% cap)
    NOI $439,578 @ 7.0% cap · market cap 6.28%
    Theoretical Best
    Office A
    $15.51M
    $13.57M – $18.09M (±1% cap)
    NOI $1,085,377 @ 7.0% cap · market cap 15.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    PLM Operations, LLC Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Airport Storage — 1595 Mono Dr #3830, Modesto, CA 95354
    • Americold Logistics Modesto — 2050 Lapham Dr, Modesto, CA 95354
    • Cedar Grove Warehouse — 2455 Tenaya Dr, Modesto, CA 95354

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.96
    Latitude
    37.6369

    FAQs

    What type of property is this?
    Warehouse - Well-equipped industrial facility with a great location in Modesto.
    Where is this warehouse located?
    The property is located at 2068 Lapham Dr Modesto, CA.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Significant investment opportunity for businesses.; Well‑equipped industrial facility.; Great location north of Modesto City Airport.
    (209) 477-4400 Call to check price and availability
    More about this property
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