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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
1001 Reno Ave Modesto, CA 95351-1304
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2088351
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
STEEL FRAME
Total area
32,500 SF
Lot
1.91 ac (83,199 SF)
APN
029-012-084-000
UPID
US09-2088351
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
Current use
Occupant on record · Public records
-
Ron Morris Performance Industrial Manufacturer Production Facility
-
Auto Response Auto Repair Shop
-
KHB Flooring General Contractor
-
A Plus Auto Detailing Car Wash
-
KHB Construction Kitchen and Bathroom Remodeling Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
1001 Reno Ave LLC · 1 yrs held
1001 Reno Ave LLC
since 2025
Last sale
$380,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Modesto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Modesto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $380k (Dec 28 2024)
Last sale anchor
$380k
Dec 28 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,176
Tax year 2024
Assessed value
$1,507,462
Assessed 2024
Previous assessed
$1,507,462
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$313,772
Assessed improvement
$1,193,690
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
32,500 SF
Lot
1.91 ac (83,199 SF)
APN
029-012-084-000
UPID
US09-2088351
Jurisdiction
STANISLAUS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
1001 Reno Ave LLC
Entity
Mailing address
29 SCHOONER LN, MODESTO, CA 95356-1710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$380,000
1001 Reno Ave LLC
Diane Pierson
Grant Deed
—
Aug 3, 2004
—
Pierson,tr
Pierson,diane E
Quit Claim Deed
related
—
Nov 1, 1999
—
Diane E Pierson
—
Grant Deed
related
$500,507 · Modesto Commerce Bank
Feb 25, 1997
—
Diane E Pierson
Pierson,john M
Quit Claim Deed
related
—
Oct 26, 1992
$165,000
John M Pierson
Oakdale Business
Grant Deed
—
—
—
John M Pierson
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank
—
—
Pierson Diane E 2004 Trust
—
Deed Of Trust
related
$50,000 · Modesto Commerce Bank
—
—
Diane E Pierson
—
Deed Of Trust
related
$525,000 · Modesto Commerce Bank
—
—
John M Pierson
—
Deed Of Trust
related
$150,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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