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    Property profile & analytics

    1729 Tully Rd Modesto, CA 95350-4082

    • Office Properties & Spaces
    • 10,592 SF
    • 0.82 lot acres
    OFF-MARKET
    Last Sale
    Aug 27, 2021
    $1,775,000
    Value Estimations
    $2,305,000
    Show details
    Cap Rate Potential
    6.5%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US10-3122216
    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.

    Current Use by Public Records

    • Western Growers / Insurance Agency
    • Yohannes Abraham Gebreegziabher / Cardiologist
    • Reza Nazari / Cardiologist
    • Safeco / Insurance Agency
    • Wright David / Insurance Agency

    Property Details for 1729 Tully Rd

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.82 lot acres
    Property size
    10,592 SF
    Property type
    Office Properties & Spaces
    APN
    117-005-074-000
    APU
    117005074000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,275,000
      ML approach
      $2,310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,465,000
      6.5%
      $2,275,000
      7%
      $2,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,412,000
      Market price range: $1.84M - $4.87M
      AI Estimate
      $2,040,000
      Market price range: $796k - $3.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -121.013
    Latitude
    37.6699
    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
    $21,041
    $468,180
    $1,378,530
    $1,846,710
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      0.12 Acres

      1641 Teresa St

      OFFICE (GENERAL) • 0.12 Acres
      1641 Teresa St, Modesto, CA 95350
      View Details
    • Value Estimation
      $1,020,000
      24,737 SF

      605 Standiford Ave

      OFFICE (GENERAL) • 24,737 SF
      605 Standiford Ave, Modesto, CA 95350-1000
      View Details
    • Value Estimation
      $490,000
      7,350 SF

      1165 Scenic Dr, Unit C

      OFFICE (GENERAL) • 7,350 SF
      1165 Scenic Dr, Modesto, CA 95350-6155
      View Details
    • Value Estimation by Request
      49,470 SF

      1700 Standiford Ave

      OFFICE (GENERAL) • 49,470 SF
      1700 Standiford Ave, Modesto, CA 95350-0171
      View Details
    • Value Estimation
      $560,000
      5,067 SF

      2711 Mchenry Ave

      OFFICE (GENERAL) • 5,067 SF
      2711 Mchenry Ave, Modesto, CA 95350-2347
      View Details
    • Value Estimation
      $335,000
      3,745 SF

      1801 Tully Rd, Unit C

      OFFICE (GENERAL) • 3,745 SF
      1801 Tully Rd, Modesto, CA 95350-2931
      View Details

    Similar Nearby for Sale

    • 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
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      Land Near Kaiser Permanente

      Land ideal for medical development near Kaiser Permanente in Modesto.
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    • $2,650,000

      Retail Showroom and Warehouse Space

      Retail showroom and warehouse with office space on busy corridor.
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    • $7,185,000
      53,079 SF

      Retail Space For Sale

      Grocery anchored retail space available for sale in Modesto, CA.
      1800 Prescott Rd, Modesto, CA 95350
      View Details
    • Contact for pricing
      52,708 SF

      Former Orchard Supply Hardware Retail

      Freestanding retail location with high visibility and ample parking.
      2800 Sisk Rd, Modesto, CA 95350
      View Details
    • $49,000

      Established Salon on McHenry Avenue

      Turnkey hair salon opportunity in a desirable Modesto location.
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    Similar Nearby for Lease

    • $21 SF/Yr
      58,892 SF

      Modesto Office Space for Lease

      Prime Modesto location, flexible suites available.
      1101 Sylvan Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      8,575 SF

      Modesto Office Space for Lease

      Class A Office Suites Available Now
      1700 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
    • $36 SF/Yr
      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
      24,236 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
    • $2,400 /Mo
      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
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    Modesto, CA 95350-4082
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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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