Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1444 Florida Ave Modesto, CA 95350-4400
    Back to Search
    Property profile & analytics

    1444 Florida Ave, Modesto, CA 95350-4400

    View on Map
    • Medical Office Space
    • 13,690 SF
    • 0.80 lot acres
    Off-Market
    Property ID
    US10-3226512
    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
    $2,910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospital / Hospital
    • Cornerstone Family Practice / Medical Clinic
    • Modesto Pediatric Cardiologists / Medical Clinic
    • Robert Chin, MD / Pediatrician / Physician
    • Paul McGrew, MD, FACS / Pediatrician / Physician

    Property Details for 1444 Florida Ave

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    119-006-040-000
    APU
    119006040000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 20, 2005 — Record Owner Owner,record Quit Claim Deed · related —
    Apr 19, 2005 $1,725,000 Triple L Investments LLC Papatone Gus J Trust Grant Deed $1.8M · Modesto Commerce Bank
    Dec 7, 2004 $1,650,000 1444 Florida Avenue LLC Pappatone Gus J Trust Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,625,000
      6.5%
      $3,350,000
      7%
      $3,110,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,779,000
      Market price range: $789k - $2.46M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,460,000
      Current use
      COMMERCIAL (GENERAL)
      $4,200,000
      Change: -6% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $4,005,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.996
    Latitude
    37.6649
    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
    $32,584
    $1,114,000
    $2,600,000
    $3,714,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $20,755,000
      120,383 SF

      1524 Mchenry Ave

      MEDICAL BUILDING
      1524 Mchenry Ave, Modesto, CA 95350-4500
      View Details
    • Value Estimation
      $2,915,000
      18,122 SF

      1235 Mchenry Ave

      MEDICAL BUILDING
      1235 Mchenry Ave, Modesto, CA 95350-5370
      View Details
    • Value Estimation
      $1,815,000
      4,310 SF

      200 Granger Ave

      MEDICAL BUILDING
      200 Granger Ave, Modesto, CA 95350-4303
      View Details
    • Value Estimation
      $1,205,000
      3,155 SF

      500 Standiford Ave

      MEDICAL BUILDING
      500 Standiford Ave, Modesto, CA 95350-1038
      View Details
    • Value Estimation
      $800,000
      4,678 SF

      1500 Mchenry Ave

      MEDICAL BUILDING
      1500 Mchenry Ave, Modesto, CA 95350-4529
      View Details
    • Value Estimation
      $700,000
      5,050 SF

      1601 Mchenry Vlg Waya

      MEDICAL BUILDING
      1601 Mchenry Vlg Waya, Modesto, CA 95350-4307
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Dental Practice & Real Estate

      Established dental practice and commercial property in McHenry Village.
      1601 Mchenry Village Way, Modesto, CA 95350
      View Details
    • Contact for pricing

      Established Modesto Hair Salon

      Turnkey hair salon opportunity in a desirable Modesto location.
      1009 Mchenry Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      11,380 SF

      Retail Showroom and Warehouse Space

      Retail showroom, warehouse, and office space on a busy corridor.
      1120 Mchenry Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      1,725 SF

      Modesto Office Building For Sale

      Office building with approximately 1,725 square feet of available space.
      2000 Standiford Ave, Modesto, CA 95350
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,970 SF

      Retail/Medical Space in Central Modesto

      High-visibility retail/medical space in central Modesto with ample parking.
      1400 Standiford Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      1,134 SF

      Medical/Dental Office Space Available

      1,134 SF medical/dental suite for lease near Highway 99.
      1429 College Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      1,970 SF

      Medical/Retail Space in Central Modesto

      6,223 SF medical/retail space in high-visibility Modesto center.
      1320 Standiford Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      7,095 SF

      Modesto Office Space Available

      7,095 SF office space for rent in Modesto, CA.
      1200 Scenic Dr, Modesto, CA 95350
      View Details
    • Contact for pricing
      1,500 SF

      Office Space Available For Rent

      Office suites available for lease in Modesto, California.
      3224 D Mchenry Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      1,560 SF

      Retail Spaces Available For Lease

      Retail spaces available in Modesto, California.
      1031-1049 Orangeburg Ave, Modesto, CA 95350
      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.
    1444 Florida Ave
    Modesto, CA 95350-4400
    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
    1444 Florida Ave, Modesto, CA, 95350
    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!