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Property profile & analytics
OFF-MARKET Estimated value $650,000
Warehouses

1117 Lone Palm Ave Modesto, CA 95351-1531

5,600 SF 0.47 ac lot Built 1979
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US09-5284617
Property summary
AI-generated overview

This exceptional 5,600 square foot multi-tenant office building, situated at 1117 Lone Palm Ave in Modesto, California (zip code 95351), presents a compelling investment opportunity. Built in 1979, this property boasts two units within the Emerald Industrial Park, offering convenient access to CA-99 and CA-132 freeways. The building sits on a 0.47-acre lot (APN: 029-011-076) and is zoned for industrial use. Currently, a portion of the building is leased, with approximately 2,885 square feet available for lease at a modified gross rate of $1.40 per square foot. The property features ample on-site, uncovered parking and a prominent street sign. Inside, you'll find desirable amenities including a reception area, conference room, private and public restrooms, a showroom, and extra storage space. The building is equipped with 220-volt electrical service. This is a rare opportunity to acquire a well-located, multi-tenant office building with significant upside potential in a thriving area. The property's features and location make it ideal for a variety of businesses.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Total area 5,600 SF
Lot 0.47 ac (20,473 SF)
Zoning code COU M
APN 029-011-076-000
UPID US09-5284617
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
  • ATC Associates Inc. Environmental Consultant Mapping Service
  • Atlas Technical Consultants Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k
Owner & transaction history
American Heights LLC · 3 yrs held
American Heights LLC
since 2022
3 recorded transactions
2022
Price N/A
2022
Price N/A
2016
$475,000
Zoning & alternative use
COU M · Modesto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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