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    355 Las Palmas Ave Patterson, CA 95363

    For Sale
    $875,000

    Historic Downtown Patterson Office

    Property size:
    3,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    A 3,484 sq ft, Class A, 7-unit office building in Patterson, CA's downtown core. Built in 1921 and renovated in 1980, this 100% occupied property features seven individual offices and a central conference room, offering a blend of privacy and collaboration. Located on a 0.128-acre lot (APN 131-014-028-000), it boasts excellent visibility and accessibility. The property is currently listed at $875,000, representing a $251.15/sq ft price and a 5.35% cap rate. The building is zoned for downtown core use and benefits from a NNN lease structure. Patterson's planned annexation of 5086 new residential units promises significant future growth potential. This multi-tenant property presents a unique investment opportunity in a thriving downtown area. The building's stucco over brick exterior and Classical Revival architecture maintain its historic charm.

    Property Features for 355 Las Palmas Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,484 SF
    Class
    A
    Lot Size
    5,576 SF

    Building Details

    Year Built/Renovated
    1921/1980
    Buildings
    1
    Units
    7

    HighLights

    • Class A, 7‑unit office building totaling 3,484 sq ft in Patterson, CA's downtown core.
    • 100% occupied with seven individual offices and a central conference room.
    • Situated on a 0.128‑acre lot (APN 131‑014‑028‑000) with excellent visibility and accessibility.
    • Listed at $875,000, representing a $251.15/sq ft price and a 5.35% cap rate.
    • Features a NNN lease structure and benefits from Patterson's planned residential growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Patterson
    County
    Stanislaus
    State
    California
    Longitude
    -121.1319497
    Latitude
    37.4709245

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown Patterson Office
    Where is this office property / space located?
    The property is located at 355 Las Palmas Ave Patterson, CA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Class A, 7-unit office building totaling 3,484 sq ft in Patterson, CA's downtown core.; 100% occupied with seven individual offices and a central conference room.; Situated on a 0.128-acre lot (APN 131-014-028-000) with excellent visibility and accessibility.
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    355 Las Palmas Ave Patterson, CA 95363
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    Patterson, CA 95363
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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
    355 Las Palmas Ave Patterson, CA 95363
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