Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1768 Mccormick St Turlock, CA 95380-2241

    • Warehouses
    • 12,624 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    Jul 30, 2024
    $920,000
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    10%
    Warehouses
    Location Intelligence
    Property ID
    US09-0321650
    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

    • DMG Self Storage / Self-Storage Facility
    • Pearson Pool Company / General Contractor / Swimming Pool Contractor
    • American Hardware Mutual Insurance / Insurance Agency

    Property Details for 1768 Mccormick St

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    0.79 lot acres
    Property size
    12,624 SF
    Property type
    Warehouses
    APN
    071-038-075-000
    APU
    71038075000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $920,000
      ML approach
      $920,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,530,000
      6.5%
      $1,415,000
      7%
      $1,315,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Turlock
    County
    Stanislaus
    State
    California
    Longitude
    -120.866
    Latitude
    37.5086
    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
    $6,767
    $275,174
    $354,834
    $630,008
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $245,000
      10,160 SF

      3090 Spengler Way

      WAREHOUSE, STORAGE • 10,160 SF
      3090 Spengler Way, Turlock, CA 95380-8509
      View Details
    • Value Estimation
      $260,000
      20,280 SF

      1525 Venture Ln

      WAREHOUSE, STORAGE • 20,280 SF
      1525 Venture Ln, Turlock, CA 95380-5761
      View Details
    • Value Estimation
      $95,000
      18,155 SF

      3241 Liberty Sq Pkwy

      WAREHOUSE, STORAGE • 18,155 SF
      3241 Liberty Sq Pkwy, Turlock, CA 95380-9665
      View Details
    • Value Estimation
      $400,000
      76,640 SF

      2555 Main St

      WAREHOUSE, STORAGE • 76,640 SF
      2555 Main St, Turlock, CA 95380-9545
      View Details
    • Value Estimation by Request
      7,800 SF

      2700 Main St

      WAREHOUSE, STORAGE • 7,800 SF
      2700 Main St, Turlock, CA 95380-9537
      View Details
    • Value Estimation
      $105,000
      7,200 SF

      1195 Glenwood Ave

      WAREHOUSE, STORAGE • 7,200 SF
      1195 Glenwood Ave, Turlock, CA 95380-5703
      View Details

    Similar Nearby for Sale

    • $950,000
      2,300 SF

      Glenwood Ave Warehouse Investment

      Turlock Industrial Warehouse - $950K
      1400 Glenwood Ave, Turlock, CA 95380
      View Details
    • $899,000

      Downtown Retail and Warehouse Space

      Retail and warehouse space in downtown core with solid tenant.
      Turlock, CA 95380
      View Details
    • $2,750,000

      Turlock Warehouses and Office Building

      Warehouses and office building with highway frontage in Turlock.
      Early Dawn Rd, Turlock, CA 95380
      View Details
    • $480,000

      Versatile Commercial/Industrial Property For Sale

      Multi-use property with office and warehouse space, alley access.
      Turlock, CA 95380
      View Details
    • $1,999,900
      19.79 Acres

      Turlock Industrial Land - 19.79 Acres

      Prime Industrial Land, Turlock, CA
      1318 Washington Rd, Turlock, CA 95380
      View Details
    • $2,795,000
      20,716 SF

      Downtown Turlock Commercial Space

      Combined commercial space in Downtown Turlock, ideal for diverse uses.
      250 Market St, Turlock, CA 95380
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,880 SF

      Turlock Industrial Space Available

      5,880 SF industrial space for lease in Turlock, CA.
      1505 Ellerd Dr, Turlock, CA 95380
      View Details
    • $0.85 SF/Yr
      6,464 SF

      Turlock Flex/Warehouse Space Available

      Flex/warehouse space in Turlock's busy downtown corridor.
      107 3Rd St, Turlock, CA 95380
      View Details
    • Contact for pricing
      26,960 SF

      Turlock Retail Space - Prime Location

      26,960 SF Anchor Space Available in Turlock, CA
      701 Golden State Blvd, Turlock, CA 95380
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with Large Yard

      Retail property for lease with approximately 20,000 SF yard.
      4625 N Golden State Blvd, Turlock, CA 95380
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent in a dominant power center.
      2751 Countryside Dr, Turlock, CA 95380
      View Details
    • Contact for pricing
      444,300 SF

      Monte Vista Crossings: Turlock Retail

      Prime Turlock retail spaces available. Multiple sizes.
      2801 Countryside Dr, Turlock, CA 95380
      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.
    1768 Mccormick St
    Turlock, CA 95380-2241
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.