Flex Space with Dock
New
For Sale
$1,595,000
2517 Yosemite Blvd, Modesto, CA 95206
The renovated office area has a conference room, private offices, and two restrooms.
Property Size12,400 SF
Price / SF$128.63
Days on Market5
Property Features for 2517 Yosemite Blvd
General Information
Standard status
Active
Size
12,400 SF
Property subtype
Industrial
Warehouse & Industrial
Office Build-Out
3,000 SF
Dock-High Doors
1
Drive-In Doors
5
Amenities
conference room
covered car port
Building Details
Building Size
12,400 SF
Buildings
1
Listing Agency:
Lee & Associates | Stockton
Listed By:
Jim Martin, SIOR · License #CalDRE #01214270
(925) 352-6948
Source:
Lee-associates
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 2:51PM
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 Lee & Associates | Stockton
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Investment Insights
Based on property information with market context.
This 12,400 SF flex property combines office and storage areas. The 3,000 SF office section has been remodeled and includes a conference room, private offices, and two restrooms. Storage comprises a 1,400 SF shop and a 1,050 SF shop, each with two grade-level doors. The property also has a covered carport, another grade-level door, and a depressed dock well.
Interior features include LED lighting, white-painted walls, and insulation. Lighting and electrical service are present in the storage shops and covered carport.
Interior features include LED lighting, white-painted walls, and insulation. Lighting and electrical service are present in the storage shops and covered carport.
Key Highlights
- 12,400 SF flex property with office and storage areas
- 3,000 SF remodeled office with conference room, private offices, and two restrooms
- 1,400 SF storage shop and 1,050 SF storage shop, each with 2 grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,232
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,664,640
$2.7M
Cap Rate 7%
$1,903,314
$1.9M
Cap Rate 9%
$1,480,356
$1.5M
Market Conditions
NOI Build-Up for 12,400 SF
Gross rent
$215.8K $17.40/SF
− Vacancy
−$10.8K −$0.87/SF
EGI
$205.0K $16.53/SF
− OpEx
−$71.7K −$5.79/SF
NOI
$133.2K $10.74/SF
Area
ZIP 95206
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,664,640
Cap Rate 7%
$1,903,314
Cap Rate 9%
$1,480,356
Alternative Uses
Best Use
Warehouse
$2.66M
$2.33M – $3.11M
NOI $186,482 @ 7.0% cap · market cap 11.69%
Second Best
Industrial
$2.13M
$1.86M – $2.48M
NOI $148,761 @ 7.0% cap · market cap 9.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Dock-high doors
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95206, CA
69,350
Population
18,792
Households
3.7
Avg Household Size
31
Median Age
11%
College-Educated
67%
High-School Grad
133.2 sq mi
ZIP Area
521
Density / Sq Mi
$79,751
Median Household Income
$37,346
Median Earnings
$1,546
Median Rent
$388,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - The renovated office area has a conference room, private offices, and two restrooms.
Where is this flex space located?
The property is located at 2517 Yosemite Blvd Modesto, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 12,400 SF flex property with office and storage areas; 3,000 SF remodeled office with conference room, private offices, and two restrooms; 1,400 SF storage shop and 1,050 SF storage shop, each with 2 grade‑level doors
