Remodeled Office Building with
For Sale
Contact for pricing
337 Burney St, Modesto, CA 95354
Office property featuring a remodeled building and additional rear building.
Property Size1,270 SF
Lot Size0.13 Acres
Price / SF$248.03
Days on Market174
Property Features for 337 Burney St
General Information
Standard status
Active
Size
1,270 SF
Lot size
0.13 Acres
Property subtype
Office
Zoning
END
Building Details
Year Built
1920
Buildings
2
Stories
1
Units
2
Listing Agency:
Brekke Real Estate Inc
(209) 571-7230
Listed By:
Randy Brekke · License #CA 00856863
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 29 at 1:31AM
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 Brekke Real Estate Inc
Investment Insights
Based on property information with market context.
This commercial property features a remodeled office building constructed in 1920. The total size of the property is approximately 1,270 square feet, which includes approximately 990 square feet in the main building and an additional 280 square feet in the rear building. The parcel size is approximately 5,662 square feet. The property is located in Stanislaus County and is zoned TND (Traditional Neighborhood Downtown Zone).
Key Highlights
- Remodeled 1920s property
- Zoned TND (Traditional Neighborhood Downtown Zone)
- Total size of 1,270 ± sf (includes main and rear buildings)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,480
$427.5K
Cap Rate 7%
$305,343
$305.3K
Cap Rate 9%
$237,489
$237.5K
Market Conditions
NOI Build-Up for 1,270 SF
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.
Gross rent
$33.5K $26.40/SF
− Vacancy
−$5.0K −$3.96/SF
EGI
$28.5K $22.44/SF
− OpEx
−$7.1K −$5.61/SF
NOI
$21.4K $16.83/SF
Area
Modesto, CA
Vacancy
15.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,480
Cap Rate 7%
$305,343
Cap Rate 9%
$237,489
Alternative Uses
Best Use
Office B
$305.3K
$267.2K – $356.2K
NOI $21,374 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.7K
$373.4K – $497.8K
NOI $29,870 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,392
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office property featuring a remodeled building and additional rear building.
Where is this office units located?
The property is located at 337 Burney St Modesto, CA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Remodeled 1920s property; Zoned TND (Traditional Neighborhood Downtown Zone); Total size of 1,270 ± sf (includes main and rear buildings)
