Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Downey Ave Modesto, CA 95354-1201
    Back to Search
    Property profile & analytics

    115 Downey Ave, Modesto, CA 95354-1201

    View on Map
    • Hotels
    • 16,418 SF
    • 0.68 lot acres
    Off-Market
    Property ID
    US09-3800428
    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.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DISCOVERY INN / Hotel & Motel

    Property Details for 115 Downey Ave

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.68 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    111-006-061-000
    APU
    111006061000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 28, 2014 — Kalpesh R Patel Patel,kirti K Quit Claim Deed · related $700k · Commercial Bk/ca
    Nov 15, 2011 $800,000 Balubhai G Patel Chicago Title Co Trustees Deed · related —
    Jun 27, 2005 $1,875,000 Rnj Investments LLC Kumar,rakesh Grant Deed $1.5M · Alliance Bank
    Jun 27, 2005 — Rakesh Kumar K C Estates INC Quit Claim Deed · related —
    Mar 1, 2002 $1,170,000 Rakesh Kumar Patel,natwarial N & Kamuban N Grant Deed $786k · Khatri Brother Partnership
    Jul 30, 1999 $270,000 Natwarlal N Patel Chandra,suresh Grant Deed —
    Jul 7, 1999 $1,150,000 Chandra,suresh Khatri INC Trustees Deed —
    Jul 7, 1999 — Suresh Chandra Chandra,vinaben Quit Claim Deed · related —
    — — Rnj Investments LLC — Deed Of Trust · related $300k · Rakesh & Manjula Kumar
    — — Rnj Investments LLC — Deed Of Trust · related $1.5M · Nara Bank
    — — Suresh Chandra — Deed Of Trust · related $1.5M · Khatri Brother Ptshp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $404,000
      Market price range: $397k - $802k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $595,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.993
    Latitude
    37.646
    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
    $11,976
    $314,597
    $736,523
    $1,051,120
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $710,000
      27,032 SF

      1125 9th St

      HOTEL/MOTEL
      1125 9th St, Modesto, CA 95354
      View Details
    • Value Estimation
      $15,275,000
      266,975 SF

      1150 9th St

      HOTEL/MOTEL
      1150 9th St, Modesto, CA 95354-0823
      View Details
    • Value Estimation
      $720,000
      24,172 SF

      909 16th St

      HOTEL/MOTEL
      909 16th St, Modesto, CA 95354-1117
      View Details
    • Value Estimation by Request
      10,813 SF

      2225 Yosemite Blvd

      HOTEL/MOTEL
      2225 Yosemite Blvd, Modesto, CA 95354-3003
      View Details
    • Value Estimation
      $1,010,000
      19,956 SF

      807 Needham St

      HOTEL/MOTEL
      807 Needham St, Modesto, CA 95354-0736
      View Details
    • Value Estimation by Request
      16,732 SF

      1121 Needham St

      HOTEL/MOTEL
      1121 Needham St, Modesto, CA 95354-0731
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,270 SF

      Remodeled Office Building with Rear

      Office property featuring a remodeled building and additional rear building.
      337 Burney St, Modesto, CA 95354
      View Details
    • $830,000
      5,250 SF

      Historic Industrial Building in Modesto

      Vintage industrial landmark with endless possibilities in downtown Modesto.
      G St, Modesto, CA 95354
      View Details
    • Contact for pricing

      Ready Multi-Family Development Project

      Construction-ready 16-unit apartment development project in Modesto.
      Miller Ave, Modesto, CA 95354
      View Details
    • Contact for pricing
      2,860 SF

      Modesto Office Space Available

      Office property for sale in Modesto, California.
      1227 7Th St, Modesto, CA 95354
      View Details
    • $274,000

      Specialty Commercial Property

      Specialty commercial property with convenient access from Hwy 99 via Yosemite Blvd and San Juan Dr.
      120 San Juan Dr, Modesto, CA 95354
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High Traffic Parking Space Available

      Parking space for lease in high-traffic Modesto location.
      538 Mchenry Ave, Modesto, CA 95354
      View Details
    • Contact for pricing
      1,524 SF

      Retail Space Near Brenden Theaters

      Retail space with high visibility near downtown businesses and transportation.
      1021 10Th St, Modesto, CA 95354
      View Details
    • Contact for pricing
      5,000 SF

      Modesto Warehouse with Showroom Space

      5,000 SF warehouse featuring a 1,600 SF conditioned showroom.
      2203 Tenaya Dr, Modesto, CA 95354
      View Details
    • Contact for pricing

      Downtown Modesto Two-Story Office Building

      Upscale office space in a prime downtown Modesto location.
      1120 13Th St, Modesto, CA 95354
      View Details
    • Contact for pricing

      Industrial/Office Building with Yard

      Two-story industrial/office building with secured yard and parking.
      140 Empire Ave, Modesto, CA 95354
      View Details
    • Sponsored
      Contact for pricing

      CA, Modesto - K St

      Workspaces, services and support to help you work better in CA, Modesto - K St
      1300 K St, Modesto, CA 95354
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Downey Ave
    Modesto, CA 95354-1201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    115 Downey Ave, Modesto, CA, 95354
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!