Single-Tenant Industrial
417 Galaxy Way Modesto, CA 95356
417 Galaxy Way, Modesto, CA, 95356
Contact for pricing
For Sale
Contact for pricing
Metal-built warehouse with secure yard and overhead doors suited for light industrial, service, or storage use.
Property Size11,200 SF
Lot Size0.92 Acres
Price / SF$178.57
Days on Market49
Property Features for 417 Galaxy Way
General Information
- Standard status
- Active
- Size
- 11,200 SF
- Lot size
- 0.92 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2002
Listing agency
CoSol Commercial Real Estate
(209) 475-5130
Listed by
Jacob Friedrich · License #CA 02017662
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 5:28AM
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 CoSol Commercial Real Estate
Investment Insights
Based on property information with market context.
417 Galaxy Way is an 11,200 SF single-tenant industrial warehouse built in 2002, set on a 0.92 AC lot. The metal-constructed building includes three overhead doors, each approximately 11' x 14', with a 16-foot building height. A functional internal layout supports light industrial, service, storage, or owner-user operations, and the property includes an estimated 15,000 SF of yard area for outdoor storage and operational flexibility. The front of the building features a small office, lobby area, and restroom.
The property is located in the Modesto industrial submarket near McHenry Avenue and State Route 99, providing access to regional employment centers, vendors, and transportation corridors. Traffic counts report approximately 19,264 vehicles per day along McHenry Avenue near Galaxy Way (2025), which can support day-to-day visibility and convenient customer or vendor access.
Currently operated as a fitness facility, this warehouse can still be evaluated for users that need a mid-sized industrial building with multiple loading options and outdoor space. With its fenced/paved yard area and single-tenant configuration, it may fit operators looking for secure storage, fleet parking, or a straightforward warehouse environment that can accommodate a range of light industrial functions.
The property is located in the Modesto industrial submarket near McHenry Avenue and State Route 99, providing access to regional employment centers, vendors, and transportation corridors. Traffic counts report approximately 19,264 vehicles per day along McHenry Avenue near Galaxy Way (2025), which can support day-to-day visibility and convenient customer or vendor access.
Currently operated as a fitness facility, this warehouse can still be evaluated for users that need a mid-sized industrial building with multiple loading options and outdoor space. With its fenced/paved yard area and single-tenant configuration, it may fit operators looking for secure storage, fleet parking, or a straightforward warehouse environment that can accommodate a range of light industrial functions.
Key Highlights
- 11,200 SF single‑tenant industrial warehouse built in 2002 on a 0.92 AC lot in the Modesto industrial submarket
- Metal‑constructed building with approx. 16‑foot height and three overhead doors (approx. 11' x 14')
- Includes approx. 15,000 SF yard area for secure outdoor storage, fleet parking, or light industrial use
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 | $147.8k | $13.20 |
| − Vacancy | −$7.4k | −$0.66 |
| EGI | $140.4k | $12.54 |
| − OpEx | −$21.1k | −$1.88 |
| NOI | $119.4k | $10.66 |
11,200 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.71M
$1.49M – $1.99M
NOI $119,381 @ 7.0% cap · market cap 5.97%
Second Best
Industrial
$1.52M
$1.33M – $1.78M
NOI $106,687 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,424 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Performance Lab
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- Pure Fit Modesto — 503 Bangs Ave g, Modesto, CA 95356
- Resident CrossFit — 523 Glass Lane, Suite A-4, 523 Glass Ln Ste. 1-A, Modesto, CA 95356
- Stanislaus Strength & Conditioning — 500 Glass Ln suite h, Modesto, CA 95356
- *MODESTO JUDO CLUB* — 629 Bangs Ave, Modesto, CA 95356
- Iron Valley Barbell Club — 503 bangs ave suite d, modesto, ca 95356
FAQs
What type of property is this?
Fitness center & gym - Metal-built warehouse with secure yard and overhead doors suited for light industrial, service, or storage use.
Where is this fitness center & gym located?
The property is located at 417 Galaxy Way Modesto, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 11,200 SF single‑tenant industrial warehouse built in 2002 on a 0.92 AC lot in the Modesto industrial submarket; Metal‑constructed building with approx. 16‑foot height and three overhead doors (approx. 11' x 14'); Includes approx. 15,000 SF yard area for secure outdoor storage, fleet parking, or light industrial use
