1117 Lone Palm Ave Modesto, CA 95351-1531
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.
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ATC Associates Inc. Environmental Consultant Mapping Service
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Atlas Technical Consultants Engineering Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COU M · Modesto, CAModesto. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.