Property profile & analytics
1214 11th St Modesto, CA 95354-0710
- Office properties & Spaces
- 3,695 SF
- 0.16 lot acres
OFF-MARKET
Value Estimations
$860,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US10-3231938
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.
Current Use by Public Records
- Heritage Property Management / Property Management Company
- Lumix Insurnace Agency / Insurance Agency
- Opera Modesto / Theater & Performing Art Venue / Music Venue
- DeJong Financial Group, Inc. : KAREN DEJONG / Financial Advisor
- Glow by Geo / Hair Salon / Nail Salon
Property Details for 1214 11th St
- Year built
- 1979
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.16 lot acres
- Property size
- 3,695 SF
- Property type
- Office properties & Spaces
- APN
- 105-029-011-000
- APU
- 105029011000
Description
This exceptional investment opportunity presents a fully leased, single-story, five-unit office building situated in the heart of downtown Modesto, California. The property boasts a prime location, offering convenient access to City/County offices, dining, shopping, and Highway 99. The 3,695 square foot building sits on a 0.16-acre lot and provides ample parking, including deeded off-site spaces, with front, back, and street parking options. Security features include gated front and rear access, enhancing tenant privacy and safety. The building features two secured private restrooms for tenants, plus an additional restroom in a separate office. Four of the five units have recently undergone interior updates, reflecting a commitment to maintaining high-quality spaces. Significant recent improvements include a new roof and a newer heating unit, minimizing future maintenance expenses. The long-term leases with existing tenants ensure a consistent stream of rental income, making this an attractive proposition for investors seeking a stable and profitable investment. This is a rare opportunity to acquire a well-maintained, centrally located multi-unit office building with strong tenant occupancy and a proven track record of generating income. The property's location and features make it an ideal investment for those seeking a low-maintenance, high-return investment in a thriving urban area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $860,000
- 6.5%
- $795,000
- 7%
- $735,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $936,000
- AI Estimate
- $848,000
Market price range: $543k - $1.38MMarket price range: $417k - $1.32M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $965,000 Current use
- MEDICAL BUILDING
- $1,205,000 Change: +25% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $845,000 Change: -13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Modesto
- County
- Stanislaus
- State
- California
- Longitude
- -121.002
- Latitude
- 37.6438
- 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
$4,998
$93,137
$345,519
$438,656
-
$0.00
$0.00
$0.00
