Automotive Repair
For Sale
Contact for pricing
909 Needham Street, Modesto, CA 95350
Public records identify the property for automotive repair use in Modesto.
Property Size2,088 SF
Lot Size0.12 Acres
Price / SF$284.96
Days on Market8
Property Features for 909 Needham Street
General Information
Standard status
Active
Size
2,088 SF
Lot size
0.12 Acres
Property subtype
Retail
Additional Details
Road Access
Yes
Listing Agency:
PMZ Commercial
Listed By:
Randy High · License #01238404
Source:
Crexi
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 24 at 2:45PM
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 PMZ Commercial
Investment Insights
Based on property information with market context.
At 909 Needham Street in Modesto, this automotive property includes approximately 2,088 square feet of building area on a ±0.12-acre parcel. Public property records identify the site as an automotive repair use.
Key Highlights
- Approximately 2,088 square feet of building area
- ±0.12‑acre parcel
- Public property records identify an automotive repair use
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
$32,383
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
5.44%
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%
$647,660
$647.7K
Cap Rate 7%
$462,614
$462.6K
Cap Rate 9%
$359,811
$359.8K
Market Conditions
NOI Build-Up for 2,088 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
$49.1K $23.52/SF
− Vacancy
−$2.8K −$1.36/SF
EGI
$46.3K $22.16/SF
− OpEx
−$13.9K −$6.65/SF
NOI
$32.4K $15.51/SF
Area
Modesto, CA
Vacancy
5.80%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
30.00%
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%
$647,660
Cap Rate 7%
$462,614
Cap Rate 9%
$359,811
Alternative Uses
Best Use
Retail
$462.6K
$404.8K – $539.7K
NOI $32,383 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$284.1K
$248.6K – $331.5K
NOI $19,889 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$701.6K
$613.9K – $818.5K
NOI $49,110 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,800
Businesses Nearby
73k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Hotels & Casinos 29%
Dining 27%
Apparel 1%
DoubleTree by Hilton Hotel Modesto
Hotels & Casinos
20,949 visits/mo
0.3 miles
Starbucks
Dining
18,326 visits/mo
0.5 miles
Wells Fargo
Shops & Services
13,534 visits/mo
0.4 miles
Sinclair
Shops & Services
10,799 visits/mo
0.2 miles
U.S. Bank
Shops & Services
6,757 visits/mo
0.5 miles
Demographics for 95350, CA
55,344
Population
20,327
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
6,289
Density / Sq Mi
$73,611
Median Household Income
$43,428
Median Earnings
$1,483
Median Rent
$397,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Singh's Complete Auto Repair — 1001 5th St, Modesto, CA 95351
- Ray's Auto & Transmission — 926 4th st, modesto, ca 95351
- Ayda's Auto Repair — 1011 5th St, Modesto, CA 95351
- Phillip's Transmission Services — 913 5th St, Modesto, CA 95351
- Concentric Components Inc — 913 5th St, Modesto, CA 95351
Frequently Asked Questions
What type of property is this?
Auto shop - Public records identify the property for automotive repair use in Modesto.
Where is this auto shop located?
The property is located at 909 Needham Street Modesto, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 2,088 square feet of building area; ±0.12‑acre parcel; Public property records identify an automotive repair use
