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Property profile & analytics
FOR LEASE
Warehouses
1064 Woodland Ave Modesto, CA 95351
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1660334
For Lease
1 / 16
$5,030,000
1064 Woodland Ave, Modesto, CA 95351
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
TILT-UP CONCRETE
Total area
56,053 SF
Lot
3.05 ac (132,858 SF)
APN
029-011-055-000
UPID
US09-1660334
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
-
Meno's Appliances Electronics & Wireless Store Discount Store
-
Spencer Fluid Power General Contractor
-
Motown Raceway Car Racing Track Hobby Store
-
Sunrise Christian Fellowship Church
-
Al-Misbaah Community Resource Center Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.03M
Owner & transaction history
Wild Horse Properties LLC · 6 yrs held
Wild Horse Properties LLC
since 2019
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,140,000
Current use
Blend value · Realmo final
$5.03M
Range $4.53M – $5.53M · ±10%
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
$90 / 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
$45,648
Tax year 2024
Assessed value
$3,811,724
Assessed 2024
Previous assessed
$3,811,724
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$455,130
Assessed improvement
$3,356,594
Applied tax rate
80.0000
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
For Lease
Year built
1978
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
20
Total area
56,053 SF
Lot
3.05 ac (132,858 SF)
APN
029-011-055-000
UPID
US09-1660334
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.1M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
20
Lot
3.05 ac
Current owner
From public records · entity-resolved
Wild Horse Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
847 DURLSTON RD, REDWOOD CITY, CA 94062-1801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2019
—
Wild Horse Properties LLC
15700 S Mckinley Ave LLC
Quit Claim Deed
related
—
Sep 2, 2016
$3,350,000
15700 South Mckinley Avenue LLC
Rubicon Investments INC
Grant Deed
$2,207,000 · Safe Cu
Sep 2, 2016
—
Richard L Weinstein
Weinstein,leah
Affidavit Of Death
related
—
Dec 9, 2014
—
Emig Trust
Emig Trust
Quit Claim Deed
related
—
Jun 26, 2009
—
Weinstein-abascal Family Trust
Weinstein,david C
Quit Claim Deed
related
—
Sep 1, 2006
—
Rubicon Investments INC
Rubicon Investments INC
Correction Deed
related
$1,450,000 · Wells Fargo Bank NA
Mar 3, 2006
$500,000
Weinstein Richard & Leah Trust
Peiser Trust
Grant Deed
—
Oct 1, 1998
$165,818
Roger W Vorse
Fitzpatrick Co
Grant Deed
$157,500 · Guild Mortgage Co
Apr 11, 1997
—
Peiser Trust
Peiser,michael S & J V
Quit Claim Deed
related
—
Nov 8, 1996
—
Rubicon Investments INC
Elvidge,ronald P
Trustees Deed
$1,140,000 · Wells Fargo Bank
Jan 20, 1995
—
Rubicon Investments INC
Peiser,michael S
Grant Deed
related
—
—
—
Mont Propert Sea
—
Deed Of Trust
related
$200,000 · Owens Financial Group INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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