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    1525 Mchenry Ave Modesto, CA 95350
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    Property profile & analytics

    1525 Mchenry Ave, Modesto, CA 95350

    View on Map
    • Hotels
    • 39,173 SF
    • 2.50 lot acres
    For Sale
    $9,440,000
    View Listing →
    Ramada Modesto Investment Opportunity For Sale
    $9,440,000
    39,173 SF

    Ramada Modesto Investment Opportunity

    91-key hotel with significant upside potential after recent renovations.

    1525 McHenry Ave, Modesto, CA 95350
    View Listing
    Property ID
    US09-1109307
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Poker Mage | Play Poker Online / Hotel & Motel / Bed & Breakfast
    • Denny's / Restaurant
    • Ramada by Wyndham Modesto Yosemite Area / Hotel & Motel
    • The Meltdown / Restaurant / Take-out & Catering
    • The Burger Den / Restaurant

    Property Details for 1525 Mchenry Ave

    Year built
    1972
    Construction
    WOOD FRAME
    Lot size
    2.50 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    119-006-016
    APU
    119006016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 11, 2024 — Modco 2 LLC — Deed · related $2.5M · East West Bank
    Mar 26, 2024 — Central Valley Diner INC Khatri Brothers Partnership Deed —
    Dec 15, 2020 $3,650,000 Modco 2 LLC Brothers Khatri Grant Deed $5M · Wallis Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $855,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,036,000
      Market price range: $948k - $1.91M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,420,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.995
    Latitude
    37.6664
    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
    2016
    $29,246
    $1,493,105
    $1,200,973
    $2,694,078
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,765,000
      65,615 SF

      1720 Sisk Rd

      HOTEL/MOTEL
      1720 Sisk Rd, Modesto, CA 95350-2500
      View Details
    • Value Estimation by Request
      10,296 SF

      602 Mchenry Ave

      HOTEL/MOTEL
      602 Mchenry Ave, Modesto, CA 95350-5412
      View Details
    • Value Estimation by Request
      15,004 SF

      936 Mchenry Ave

      HOTEL/MOTEL
      936 Mchenry Ave, Modesto, CA 95350-5417
      View Details
    • Value Estimation
      $1,540,000
      40,974 SF

      2001 Orangeburg Ave

      HOTEL/MOTEL
      2001 Orangeburg Ave, Modesto, CA 95350-3741
      View Details
    • Value Estimation by Request
      10,934 SF

      912 Mchenry Ave

      HOTEL/MOTEL
      912 Mchenry Ave, Modesto, CA 95350-5417
      View Details
    • Value Estimation
      $4,265,000
      38,198 SF

      1525 Mchenry Ave

      HOTEL/MOTEL
      1525 Mchenry Ave, Modesto, CA 95350-4576
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,173 SF

      Ramada Modesto Investment Opportunity

      91-key hotel with significant upside potential after recent renovations.
      1525 Mchenry Ave, 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
      19,847 SF

      Freestanding Retail Space For Sale

      19,847 SF retail space on 1.19-acre lot.
      2013 Evergreen Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      12,916 SF

      Modesto Retail Property for Sale

      Retail property available for purchase in Modesto, California.
      1700 Mchenry Ave, Modesto, CA 95350
      View Details
    • $1,800,000

      Modesto Multifamily Investment Opportunity

      16-unit apartment community near Modesto Junior College.
      1136 Stoddard Ave, Modesto, CA 95350
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      28,664 SF

      Industrial Warehouse with Yard Space

      Modesto warehouse with yard space available for lease.
      630 Kearney Ave, Modesto, CA 95350
      View Details
    • $500 /Mo

      Storefront Retail Space

      Retail storefront available for lease in Stanislaus County, providing a street-facing format for small business users.
      1010 Carver Rd, Modesto, CA 95350
      View Details
    • Contact for pricing
      2,921 SF

      Retail Space on Standiford Avenue

      Retail space available for lease in Modesto, California.
      2020 Standiford Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      2,750 SF

      Retail Space in Lifestyle Center

      Retail and restaurant spaces available in established shopping center.
      39 Mchenry Village Way, Modesto, CA 95350
      View Details
    • $25 SF/Yr
      4,500 SF

      McHenry Village Retail Space

      Prime Retail Space, High Visibility, 4,500 sq ft
      1700 Mchenry Ave, Modesto, CA 95350
      View Details
    View Listing
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    Modesto, CA 95350
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    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
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