2432 Nickerson Dr Modesto, CA 95358
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.