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    1400 Glenwood Ave Turlock, CA 95380

    Sponsored
    For Sale
    $950,000

    Turlock Industrial Warehouse - $950K

    Property size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2,300 sq ft warehouse in Turlock, CA, presents a compelling owner-user opportunity. Located at 1400 W Glenwood Ave, this single-story, 1975-built building sits on a 1.12-acre lot (APN 050-010-054-000) and boasts recent renovations completed 3 months ago, including new asphalt paving and three new electrical posts. The property includes an adjacent parcel adding nearly 7,200 sq ft. Currently 100% occupied with a modified lease expiring August 31, 2024, at $5,500/month, the potential rental income is $7,500/month. The current NOI is $60,000, with a pro-forma NOI of $84,000, resulting in a 6.32% cap rate and a pro-forma cap rate of 8.84%. The property is zoned for industrial use (C1 and C2) and has city and fire department permits in effect until 2025. The manufacturing business license is also renewable. $280,000 in upgrades were recently completed. Buyer to verify zoning and permits. This move-in ready property offers significant upside potential for an industrial business. The asking price is $950,000, with a price per square foot of $413.04. Pavement grading is awaiting final public works review.

    Property Features for 1400 Glenwood Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    2,300 SF
    Lot Size
    48,787 SF

    Building Details

    Year Built/Renovated
    1975/3
    Buildings
    1
    Stories
    1

    HighLights

    • 2,300 SF warehouse on a 1.12‑acre lot in Turlock, CA.
    • Recently renovated with $280,000 in upgrades including new asphalt paving and three new electrical posts.
    • Currently 100% occupied with a modified lease expiring August 31, 2024, at $5,500/month; potential rent of $7,500/month.
    • $950,000 asking price, $413.04/SF; 6.32% cap rate (current NOI $60,000), 8.84% pro‑forma cap rate (pro‑forma NOI $84,000).
    • Includes adjacent 7,200 SF parcel; zoned C1 and C2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Orozco Pallets Pallet Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Turlock
    County
    Stanislaus
    State
    California
    Longitude
    -120.8622981
    Latitude
    37.4795885

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    FAQs

    What type of property is this?
    Distribution property - Turlock Industrial Warehouse - $950K
    Where is this distribution property located?
    The property is located at 1400 Glenwood Ave Turlock, CA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 2,300 SF warehouse on a 1.12-acre lot in Turlock, CA.; Recently renovated with $280,000 in upgrades including new asphalt paving and three new electrical posts.; Currently 100% occupied with a modified lease expiring August 31, 2024, at $5,500/month; potential rent of $7,500/month.
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    1400 Glenwood Ave Turlock, CA 95380
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    Turlock, CA 95380
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    Realmo Value Estimation

    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.

    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.

    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
    1400 Glenwood Ave Turlock, CA 95380
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