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Property profile & analytics
OFF-MARKET
Land

2432 Nickerson Dr Modesto, CA 95358

1.14 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.14-acre parcel presents a unique investment opportunity in Modesto, California. Located at 2432 Nickerson Dr, 95358, this property boasts a highly desirable M-2 Heavy Industrial zoning designation, allowing for a wide range of uses. Its strategic corner location on Whitmore Ave benefits from a high traffic count of 12,807 ADT, ensuring excellent visibility and accessibility. The land is situated within a thriving area, adjacent to major retail, residential, and industrial corridors, with established national tenants nearby. Importantly, the property has already received approvals for cannabis cultivation, manufacturing, distribution, and laboratory operations. Adding further value, the seller is offering separately the materials and approved permits for a 7,500 square foot metal warehouse, providing a potential turnkey solution for a future owner. Existing site improvements include curb and gutter, and iron fencing. The APN is 086-013-008. This property is ready for immediate development and represents a significant opportunity for investors seeking a high-return asset in a dynamic market. Don't miss this chance to acquire a strategically located industrial lot with significant potential.

Property profile
Verified
Property type Land
Lot 1.14 ac (49,658 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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