Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial/Office Building with Yard Title is generated by Realmo AI

    140 Empire Ave, Modesto, CA 95354

    View on Map
    Claim this Listing
    For Lease
    $21 SF/Yr $19,250/Mo (calc)

    Two-story industrial/office building with secured yard and parking.

    Property size:
    11,000 SF
    Lot size:
    0.46 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    62
    Last Refresh:
    May 19 at 4:54 pm

    Property Features for 140 Empire Ave

    General Information

    Standard status
    Active
    Size
    11,000 SF
    Lot size
    0.46 Acres

    We can help!

    Listing Contact
    Adam Aprim

    Listing agent Adam Aprim License #01303214

    Listing office Adam & Company

    Listing date Mar 27, 2026

    Source Exprealty

    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 Adam & Company

    HighLights

    • Over 11,000 sq.ft. of office space
    • Approximately 20,000 sq.ft. of yard space for parking commercial vehicles
    • Over 20 assigned parking spots
    • Secured fence
    • Roll‑gate entry
    • Corner lot off of Lapham Drive

    Overview

    This two-story building offers a combination of industrial and office space, featuring over 11,000 square feet of office area. The property includes approximately 20,000 square feet of yard space suitable for parking various types of commercial vehicles, with over 20 assigned parking spots. Situated on a corner lot off Lapham Drive, the premises are secured with a fence and roll-gate entry.
    Location Intelligence

    Current Use by Public Records

    George Reed, Inc. Construction Company

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.9673777
    Latitude
    37.6372213

    Nearby Similar for Lease

    • Sponsored
      $129-$8,497/Mo
      11-1,292 SF

      CA, Modesto - K St

      1300 K St, Modesto, CA 95354
      View Details
    • $1.50 SF/Yr
      2,415 SF

      Modesto Retail/Flex Space Available

      2,415 SF retail/flex space in high-traffic area.
      2704 Coffee Rd, Modesto, CA 95355
      View Details
    • Contact for pricing
      41,374 SF

      Industrial Warehouse with Covered Awning

      41,374 SF warehouse with 10,000 SF covered awning.
      330 S. Riverside Drive, Modesto, CA 95354
      View Details
    • $5,850/Mo

      Commercial Space on Yosemite Boulevard

      Commercial space available for lease on Yosemite Boulevard.
      1325 Yosemite Boulevard, Modesto, CA 95354
      View Details
    • $0.85 SF/Yr
      9 SF

      Flex Space with Office Features

      Flex space with offices, warehouse area, and highway access.
      1064 Woodland Avenue | Modesto, CA 95351, CA 95351
      View Details
    • Contact for pricing
      267,050 SF

      Modesto Warehouse with Rail Access

      267,050 SF warehouse on 14 acres with rail access.
      536 Mariposa Road, Modesto, CA, 95354
      View Details
    • Contact for pricing
      34,500 SF

      Retail Space Near Highway 99

      Retail space with office, high ceilings, and highway access.
      1604 Sisk Rd, Modesto, CA 95350
      View Details
    • $9,500/Mo
      17 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for rent with flexible yard configurations.
      705 E Whitmore Ave | Modesto, CA 95358, CA 95358
      View Details
    • $13 SF/Yr
      3,004 SF

      Modesto Warehouse Space Available

      3,004 square foot warehouse space for lease in Modesto.
      1503 Lone Palm Ave, Modesto, CA
      View Details
    • $36 SF/Yr
      1,970 SF

      Retail/Medical Space in Central Modesto

      High-visibility retail/medical space in central Modesto with ample parking.
      1400 Standiford Ave, Modesto, CA
      View Details
    • Contact for pricing
      20,740 SF

      Industrial Building in Modesto

      20,740 SF industrial building on 1.30 acres for lease.
      3173 Del Este, Modesto, CA, 95354
      View Details
    • $12 SF/Yr
      2,264 SF

      Modesto Warehouse Space Available

      Warehouse space for rent in Modesto, CA.
      1313 Lone Palm Ave, Modesto, CA
      View Details

    FAQs

    What type of property is this?
    Flex space - Two-story industrial/office building with secured yard and parking.
    Where is this flex space located?
    The property is located at 140 Empire Ave Modesto, CA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Over 11,000 sq.ft. of office space; Approximately 20,000 sq.ft. of yard space for parking commercial vehicles; Over 20 assigned parking spots
    9882212
    We can help!
    Listing Contact
    Adam Aprim
    Real Estate License ID: 01303214
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    140 Empire Ave, Modesto, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!