Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1206 Service Rd Ceres, CA 95307-9567
    Back to Search
    Property profile & analytics

    1206 Service Rd, Ceres, CA 95307-9567

    View on Map
    • Industrial properties
    • 1,036 SF
    • 1.83 lot acres
    Off-Market
    Last Sale Jan 10, 2023
    $325,000
    Property ID
    US10-2555385
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1206 Service Rd

    Year built
    1948
    Construction
    WOOD
    Lot size
    1.83 lot acres
    Property type
    Industrial properties
    APN
    041-006-016-000
    APU
    41006016000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 10, 2023 $325,000 Nicholas L Thornberry Susan Duffey Grant Deed —
    Jan 10, 2023 — Susan Duffey Susan Duffey Intrafamily Transfer · related —
    Dec 23, 2010 — Rick Duffey Duffey,gladys W Quit Claim Deed · related —
    Apr 22, 1998 — Walter M Duffey Duffey Trust Quit Claim Deed · related $43k · Commonwealth United Mtg Co
    Dec 16, 1997 — Duffey Trust Duffey,walter M & Gladys W Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ceres
    County
    Stanislaus
    State
    California
    Longitude
    -120.976
    Latitude
    37.5797
    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
    $3,716
    $331,500
    $0.00
    $331,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7.54 Acres

      3221 Redwood Rd

      Manufacturing properties
      3221 Redwood Rd, Ceres, CA 95307
      View Details
    • Value Estimation
      $590,000
      4,575 SF

      4375 Farm Supply Dr

      INDUSTRIAL (GENERAL)
      4375 Farm Supply Dr, Ceres, CA 95307-7597
      View Details
    • Value Estimation by Request
      1,472 SF

      3016 Central Ave

      INDUSTRIAL (GENERAL)
      3016 Central Ave, Ceres, CA 95307-3602
      View Details
    • Value Estimation by Request
      1,300 SF

      4130 Jessup Rd

      INDUSTRIAL (GENERAL)
      4130 Jessup Rd, Ceres, CA 95307-9604
      View Details
    • Value Estimation by Request
      4,696 SF

      3012 Moore Rd

      INDUSTRIAL (GENERAL)
      3012 Moore Rd, Ceres, CA 95307-9485
      View Details
    • Value Estimation by Request
      1,025 SF

      4209 Jessup Rd

      INDUSTRIAL (GENERAL)
      4209 Jessup Rd, Ceres, CA 95307-9604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,970 SF

      Industrial Shop with Outdoor Storage

      Newly built industrial shop on 2.13 acres for sale.
      4376 Farm Supply Dr, Ceres, CA 95307
      View Details
    • Contact for pricing

      Industrial Building Near Freeway

      22,000 square foot industrial building for sale in Ceres.
      Brew Master Dr, Ceres, CA 95307
      View Details
    • $68,000
      4.00 Acres

      Established Barber Shop - Ceres, CA

      Profitable Business, Prime Location, High Traffic
      2531 Whitmore Ave, Ceres, CA 95307
      View Details
    • Contact for pricing
      1,600 SF

      Highway 99 Exposure Land

      7.54 acres with highway frontage and commercial potential.
      3221 E Redwood Rd, Ceres, CA 95307
      View Details
    • Contact for pricing

      Productive Agricultural Land with TID Water

      27.42-acre agricultural estate with TID water and building pad.
      1824 W Taylor Rd, Ceres, CA 95307
      View Details
    • Contact for pricing

      Grocery-Anchored Neighborhood Shopping Center

      Strong tenant stability potential with SaveMart and Planet Fitness anchors supporting a daily convenience-driven shopping mix.
      2617 Mitchell Rd, Ceres, CA 95307
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,500 SF

      Industrial Space in Fairview Park

      Industrial property located in the Fairview Industrial Park area.
      1990 Rockefeller Dr, Ceres, CA 95307
      View Details
    • Contact for pricing
      3,427 SF

      Ceres Flex Space Available

      Flex space with highway visibility and freeway access.
      3427 Railroad Ave, Ceres, CA 95307
      View Details
    • Contact for pricing
      3,050 SF

      Ceres Flex/Industrial Space Available

      3,050 SF flex/industrial space for lease in Ceres.
      3437 Railroad Ave, Ceres, CA 95307
      View Details
    • Contact for pricing

      Light Industrial Warehouse Units Available

      Light industrial warehouse units for lease with freeway visibility.
      3427 Railroad Ave, Ceres, CA 95307
      View Details
    • Contact for pricing
      2,788 SF

      New Industrial Suites For Lease

      New industrial complex with flexible spaces and highway access.
      4356 United Dr, Ceres, CA 95307
      View Details
    • Contact for pricing
      5,100 SF

      Grocery Anchored Retail Space

      Premier Ceres shopping center with high traffic and visibility.
      2908-2920 E Whitmore Ave, Ceres, CA 95307
      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.
    1206 Service Rd
    Ceres, CA 95307-9567
    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
    1206 Service Rd, Ceres, CA, 95307
    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!