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    2255 Patterson Rd Riverbank, CA 95367

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    2255 Patterson Rd Riverbank, CA 95367

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    • Retail properties & Spaces
    • 2.04 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2255 Patterson Rd

    Lot size
    2.04 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 2.04-acre commercial land parcel presents a unique development opportunity in the thriving city of Riverbank, California. Located at 2255 Patterson Rd, zip code 95367, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide range of commercial ventures. The lot is conveniently situated within Stanislaus County and offers significant advantages for prospective developers. The asking price is $1,750,000. Essential infrastructure is already in place, including readily available utilities such as lights, curb, and gutter, significantly reducing upfront development costs and expediting the construction process. The property's size and zoning make it ideal for a variety of commercial uses, providing flexibility for investors seeking to build a new retail space or other commercial development. The APN numbers for this property are 075-026-041 & 075-026-042. This is a rare opportunity to acquire a well-located, ready-to-develop commercial parcel in a growing market. Don't miss out on this chance to capitalize on the potential of this prime Riverbank location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Riverbank
    County
    Stanislaus
    State
    California
    Longitude
    -120.957
    Latitude
    37.733

    Comparable in this City

    • Value Estimation by Request

      3431 Atchison St

      Land
      3431 Atchison St, Riverbank, CA 95367
      View Details
    • Value Estimation by Request

      2200-2250 Patterson Rd

      Neighborhood centers
      2200-2250 Patterson Rd, Riverbank, CA 95367
      View Details
    • Value Estimation
      $1,875,000
      5,381 SF

      2369 Claribel Rd

      AUTO REPAIR, GARAGE • 5,381 SF
      2369 Claribel Rd, Riverbank, CA 95367-9474
      View Details
    • Value Estimation
      $2,060,000
      7,380 SF

      2371 Claribel Rd

      AUTO REPAIR, GARAGE • 7,380 SF
      2371 Claribel Rd, Riverbank, CA 95367-9474
      View Details
    • Value Estimation
      $1,995,000
      11,903 SF

      2202 Patterson Rd

      REGIONAL SHOPPING CENTER, MALL • 11,903 SF
      2202 Patterson Rd, Riverbank, CA 95367-9647
      View Details
    • Value Estimation
      $770,000
      4,050 SF

      3112 Santa Fe St

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      3112 Santa Fe St, Riverbank, CA 95367-2313
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available on Patterson Rd, Riverbank, CA.
      2318 Patterson Rd, Riverbank, CA 95367
      View Details
    • $130,000
      1,309 SF

      Downtown Riverbank Restaurant Opportunity

      Established Restaurant, Turnkey Operation, High Potential
      3310 Santa Fe St, Riverbank, CA 95367
      View Details
    • $79,000
      800 SF

      Riverbank Boba Shop - Turnkey Business

      Established Boba Tea Shop, High Traffic Area
      6333 Oakdale Rd, Riverbank, CA 95367
      View Details
    • Contact for pricing
      7,537 SF

      Cool Hand Luke's For Sale

      Single tenant investment opportunity leased to Cool Hand Luke’s.
      2505 Patterson Rd, Riverbank, CA 95367
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,140 SF

      New Retail Center in Riverbank

      Mixed-use retail center with anchor, drive-thru, and pad opportunities.
      Claribel Rd, Riverbank, CA 95367
      View Details
    • Contact for pricing
      3,700 SF

      New Retail Center in Riverbank

      New mixed-use retail center with anchor and drive-thru opportunities.
      2225 Claribel Rd, Riverbank, CA 95367
      View Details
    • Contact for pricing

      Riverbank Commercial Property for Rent

      Commercial property available for rent in Riverbank, California.
      3318 Santa Fe St, Riverbank, CA 95367
      View Details
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    Riverbank, CA 95367
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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