226 1St St Turlock, CA 95380
- Retail space
- 4,750 SF
- 0.13 lot acres
Current Use by Public Records
- Stan State Art Space / Art School / Art Studio
Property Details for 226 1St St
- Year built
- 1980
- Construction
- STEEL FRAME
- Lot size
- 0.13 lot acres
- Property size
- 4,750 SF
- Property type
- Retail space
- APN
- 061-011-059-000
- APU
- 61011059000
Description
This exceptional investment opportunity presents a 4,750 square foot Class B storefront located at 226 N 1st St, Turlock, CA 95380, within the Downtown Core zoning district. The property boasts a strong 6.87% cap rate, generating a pro-forma NOI of $61,750. Currently leased under a gross lease agreement with a single tenant for a remaining term of four years, with options for lease extensions of two to five years. The asking price is $899,000, translating to $189.26 per square foot. This one-story building benefits from high visibility and foot traffic in a thriving commercial area with excellent public transportation access. Its versatile layout makes it suitable for a variety of retail uses, including boutiques, galleries, or event spaces. The property's location within the bustling downtown district ensures consistent rental demand and strong potential for appreciation. This is a rare chance to acquire a high-performing retail asset in a desirable California market. The property offers significant upside potential for investors seeking a stable income stream and long-term growth. This is a turnkey investment ready for immediate income generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $470,000
- 6.5%
- $395,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $545,000
- Retail
- $500,000
- Mixed-Use
- $530,000
- Hospitality
- $530,000
- Educational
- $490,000
- Residential Income
- $480,000
- Energy
- $465,000
- Income-Based Land
- $435,000
- Food Service
- $485,000
Location Insight
- Map
- Local Demand
- City
- Turlock
- County
- Stanislaus
- State
- California
- Longitude
- -120.849
- Latitude
- 37.4952
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA