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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Investment properties
1392 Mitchell Rd Modesto, CA 95351-4920
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2880989
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2007
Construction
STEEL FRAME
Total area
3,000 SF
Lot
0.25 ac (10,890 SF)
Zoning code
PD
APN
039-068-004-000
UPID
US10-2880989
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
-
JRP Realty Group Real Estate Agency
-
Bautista Realty Real Estate Agency
-
PMZ Real Estate - Ceres Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
White Stone Properties LLC · 3 yrs held
White Stone Properties LLC
since 2022
Last sale
$695,000
5 recorded transactions
Zoning & alternative use
PD · Modesto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$975,000
+24.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Modesto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Modesto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$645,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$785,000
Current use
MEDICAL BUILDING
$975,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $695k (Dec 29 2022)
Last sale anchor
$695k
Dec 29 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$223 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,974
Tax year 2024
Assessed value
$708,900
Assessed 2024
Previous assessed
$708,900
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$166,260
Assessed improvement
$542,640
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Total area
3,000 SF
Lot
0.25 ac (10,890 SF)
Zoning code
PD
APN
039-068-004-000
UPID
US10-2880989
Jurisdiction
STANISLAUS
Zoning & alternative use
PD · Modesto, CA
Zoning PD · permitted uses
PD · Modesto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Modesto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$785,000
MEDICAL BUILDING
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
White Stone Properties LLC
Entity
Mailing address
1356 MITCHELL RD, MODESTO, CA 95351-4931
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$695,000
White Stone Properties LLC
Melvin Young
Grant Deed
$486,500 · Citizens Business Bank
Dec 31, 2014
$736,500
Melvin Young
Leffler Duke & P Z Trust
Grant Deed
$462,000 · Bank Of Agriculture & Commerce
Jun 26, 2013
—
Zagaris,j P & G I Trust
Zagaris,jon P & Grace I
Quit Claim Deed
related
—
Mar 9, 2009
—
Zagaris M & M Trust
Zagaris,michael P & Marjorie P
Quit Claim Deed
related
—
Jul 15, 2008
—
Leffler Duke & Paula Z Trust
Ceres Commerce Center LLC
Grant Deed
$542,400 · Bank Of Agriculture & Commerce
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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