Listing Agency: PMZ Commercial

Listed By: Randy High · License #01238404

Source: Crexi

Added: Sep 17 Changed: Oct 3 Last Checked: Oct 12 at 7:32PM

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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 / Yr

$32,383

Cap Rate

5.44%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $32,383 @ 7.0% cap · market cap 5.44%

Second Best

Industrial

$284.1K

$248.6K – $331.5K (±1% cap)

NOI $19,889 @ 7.0% cap · market cap 3.34%

Theoretical Best

Office A

$701.6K

$613.9K – $818.5K (±1% cap)

NOI $49,110 @ 7.0% cap · market cap 8.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

ITNR mobile mechanic Auto Repair Shop Suzuki's Garage Auto Parts Store

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Singh's Complete Auto Repair — 1001 5th St, Modesto, CA 95351
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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