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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1045 Sperry Ave Patterson, CA 95363-9286

    • Super regional malls
    • 28,672 SF
    • 2.67 lot acres
    OFF-MARKET
    Value Estimations
    $4,905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2704797
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Super regional malls

    Property Details for 1045 Sperry Ave

    Year built
    2007
    Construction
    WOOD
    Lot size
    2.67 lot acres
    Property size
    28,672 SF
    Property type
    Super regional malls
    APN
    021-042-006-000
    APU
    21042006000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,415,000
      6.5%
      $6,845,000
      7%
      $6,355,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $7,690,000
      Current use
      MEDICAL BUILDING
      $8,075,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,660,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Patterson
    County
    Stanislaus
    State
    California
    Longitude
    -121.144
    Latitude
    37.4655
    CBSA code
    33700
    CBSA name
    MODESTO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $74,953
    $918,416
    $5,494,983
    $6,413,399
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,740,000
      13,500 SF

      1010 Las Palmas Ave

      REGIONAL SHOPPING CENTER, MALL • 13,500 SF
      1010 Las Palmas Ave, Patterson, CA 95363-8873
      View Details
    • Value Estimation
      $1,350,000
      7,710 SF

      355 Ee St

      REGIONAL SHOPPING CENTER, MALL • 7,710 SF
      355 Ee St, Patterson, CA 95363-2750
      View Details
    • Value Estimation
      $820,000
      9,696 SF

      1015 Sperry Ave Ste F

      REGIONAL SHOPPING CENTER, MALL • 9,696 SF
      1015 Sperry Ave Ste F, Patterson, CA 95363-9268
      View Details
    • Value Estimation
      $1,025,000
      5,000 SF

      1040 Sperry Ave

      REGIONAL SHOPPING CENTER, MALL • 5,000 SF
      1040 Sperry Ave, Patterson, CA 95363-9367
      View Details
    • Value Estimation
      $1,145,000
      5,500 SF

      1055 Sperry Ave

      REGIONAL SHOPPING CENTER, MALL • 5,500 SF
      1055 Sperry Ave, Patterson, CA 95363-9294
      View Details
    • Value Estimation
      $535,000
      4,650 SF

      101 El Circulo Ave

      REGIONAL SHOPPING CENTER, MALL • 4,650 SF
      101 El Circulo Ave, Patterson, CA 95363-2539
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22.40 Acres

      Baldwin Ranch Shopping Center

      Patterson, CA Retail Land Opportunity
      0 Sperry Ave And Baldwin Rd, Patterson, CA 95363
      View Details
    • $675,000
      0.48 Acres

      Patterson Commercial Land - Redevelopment Opportunity

      Prime CA location, vacant lot, redevelopment potential.
      514 2Nd St, Patterson, CA 95363
      View Details
    • $2,885,414
      5.55 Acres

      Patterson Industrial Land - 5.55 Acres

      Prime industrial land, Patterson, CA. High growth potential.
      0 Baldwin Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      14,000 SF

      Patterson Warehouse: Prime Location

      14,000 SF Warehouse, 2.24 Acres
      151 Pomelo Ave, Patterson, CA 95363
      View Details
    • Contact for pricing
      1.07 Acres

      Patterson Commercial Land Parcel

      1.07-acre retail opportunity, high visibility.
      0 Sperry Ave, Patterson, CA 95363
      View Details
    • Contact for pricing
      8.60 Acres

      Patterson Industrial Land - 8.6 Acres

      Prime Patterson location, IBP zoning, development potential.
      0 Sperry Ave & Baldwin Rd, Patterson, CA 95363
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Retail Space in Patterson Marketplace

      Retail space available in established Patterson shopping center.
      1055 Sperry Ave, Patterson, CA 95363
      View Details
    • Contact for pricing
      1,250 SF

      Patterson Retail Space For Rent

      Retail space available in Patterson Marketplace Shopping Center, Patterson, CA.
      1055 Sperry Ave, Patterson, CA 95363
      View Details
    • Contact for pricing
      400,000 SF

      Warehouse Space Available For Lease

      400,000 SF warehouse space available for lease in Patterson, CA.
      400 Rogers Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      990,554 SF

      Baldwin Ranch Shopping Center

      Patterson, CA: Prime Commercial Land
      0 Sperry Ave And Baldwin Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      356,065 SF

      Patterson Warehouse Space For Lease

      Available warehouse space in Patterson with ample parking and loading.
      400 Park Center Dr, Patterson, CA 95363
      View Details
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    Patterson, CA 95363-9286
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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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