2068 Lapham Dr, Modesto, CA
Well-equipped industrial facility with a great location in Modesto.
- 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
at 2068 Lapham Dr Contact usListing agent Xavier Santana License #CA 01317296
Listing office NAI | Northgate (209) 477-4400
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
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 |
Alternative Uses
Current Use by Public Records
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