1400 Glenwood Ave Turlock, CA 95380
- Industrial properties
- 840 SF
- 1.12 lot acres
Current Use by Public Records
- Orozco Pallets / Pallet Supplier
Property Details for 1400 Glenwood Ave
- Year built
- 1975
- Construction
- STEEL FRAME
- Lot size
- 1.12 lot acres
- Property size
- 840 SF
- Property type
- Industrial properties
- APN
- 050-010-054-000
- APU
- 50010054000
Description
This 2,300 sq ft warehouse in Turlock, CA, presents a compelling owner-user opportunity. Located at 1400 W Glenwood Ave, this single-story, 1975-built building sits on a 1.12-acre lot (APN 050-010-054-000) and boasts recent renovations completed 3 months ago, including new asphalt paving and three new electrical posts. The property includes an adjacent parcel adding nearly 7,200 sq ft. Currently 100% occupied with a modified lease expiring August 31, 2024, at $5,500/month, the potential rental income is $7,500/month. The current NOI is $60,000, with a pro-forma NOI of $84,000, resulting in a 6.32% cap rate and a pro-forma cap rate of 8.84%. The property is zoned for industrial use (C1 and C2) and has city and fire department permits in effect until 2025. The manufacturing business license is also renewable. $280,000 in upgrades were recently completed. Buyer to verify zoning and permits. This move-in ready property offers significant upside potential for an industrial business. The asking price is $950,000, with a price per square foot of $413.04. Pavement grading is awaiting final public works review.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $360,000
- ML approach
- $405,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $587,000
Market price range: $42.7k - $587k
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Location Insight
- Map
- Local Demand
- City
- Turlock
- County
- Stanislaus
- State
- California
- Longitude
- -120.862
- Latitude
- 37.4793
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
