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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Warehouses
1430 Carpenter Ln Modesto, CA 95351-1177
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3281261
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
STEEL FRAME
Total area
16,000 SF
Lot
1.11 ac (48,351 SF)
APN
029-011-065-000
UPID
US09-3281261
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
-
Professional Autobody ShoP Auto Repair Shop
-
Pupz N Palz Rescue Animal Shelter Pet Adoption Service
-
De Coster Painting Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
Canderam LLC · 1 yrs held
Canderam LLC
since 2024
Last sale
$3.4M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+124.3%
Apartment house (5+ units)
$4.7M
+101.4%
Commercial (general)
$4.2M
+80.1%
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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
$2,840,000
6.5%
$2,625,000
7%
$2,435,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,325,000
Current use
MEDICAL BUILDING
$5,210,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,680,000
Change: +101% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,185,000
Change: +80% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,860,000
Change: +66% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,660,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Aug 30 2024)
Last sale anchor
$3.40M
Aug 30 2024
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
$213 / 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
$9,908
Tax year 2024
Assessed value
$869,616
Assessed 2024
Previous assessed
$869,616
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$257,677
Assessed improvement
$611,939
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Total area
16,000 SF
Lot
1.11 ac (48,351 SF)
APN
029-011-065-000
UPID
US09-3281261
Jurisdiction
STANISLAUS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1979
Construction
STEEL FRAME
Heating
NONE
Lot
1.11 ac
Current owner
From public records · entity-resolved
Canderam LLC
Entity
Mailing address
7408 SPY GLASS DR, MODESTO, CA 95356-8844
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
—
Canderam LLC
Rmg Enterprises LLC
Re-recorded Document
related
$2,213,129 · 2007 Ramiro Chavez Chavez
Aug 30, 2024
$3,400,000
Candleram LLC
Rmg Enterprises LLC
Grant Deed
—
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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