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    Miller Ave Modesto, CA 95354

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    For Sale
    $799,000

    Ready-to-build 16-unit apartment complex in Modesto.

    Lot size:
    0.80 Acres

    Property Features for Miller Ave

    General Information

    Standard status
    Active
    Lot size
    0.80 Acres

    Source: MOKHA REAL ESTATE Agent GURLEEN KHELLA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Construction-Ready Multifamily Development Site

    This construction-ready site is approved for a new two-story, 16-unit multi-family apartment development. Each unit will offer approximately 1,024 sq. ft. with two bedrooms, two and a half bathrooms, and a versatile exercise room suitable for an office, additional bedroom, or home gym. The first floor will include a dining area, kitchen, living space, one bedroom, a full bathroom, and a half bathroom. The second floor will feature a laundry room, a second bedroom and full bath, plus the exercise room with its own bathroom. The project incorporates two ADA-compliant units, 39 parking spaces, and a ground-floor office space. The total building area is approximately 16,660 sq. ft. The property is situated near shopping centers, schools, retail, and essential services in a high-demand location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.972813
    Latitude
    37.639948

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    FAQs

    What type of property is this?
    Commercial land - Ready-to-build 16-unit apartment complex in Modesto.
    Where is this commercial land located?
    The property is located at Miller Ave Modesto, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Construction-ready site with full plans for a 16-unit multi-family apartment development.; - High-demand location in the heart of Modesto, near shopping, schools, and essential services.; - Each unit is approximately 1,024 sq. ft. with 2 bedrooms, 2.5 bathrooms, and a versatile exercise room.
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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
    Miller Ave Modesto, CA 95354
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