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    1809 Mchenry Ave Modesto, CA 95350
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    Property profile & analytics

    1809 Mchenry Ave Modesto, CA 95350

    View on Map
    • Super regional malls
    • 2,393 SF
    • 1.18 lot acres
    For Lease
    $550,000
    View Listing →
    Retail Space in High-Traffic Location For Lease
    $550,000
    2,351 SF

    Retail Space in High-Traffic Location

    Retail space available in a busy Modesto shopping center.

    1809 Mchenry Ave, Modesto, CA
    View Listing
    Property ID
    US09-1449145
    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
    $550,000
    Cap Rate Potential
    9.1%
    Super regional malls
    Location Intelligence

    Current Use by Public Records

    • WW Studio Modesto / Wellness Program / Weight Loss Service
    • Kimoto Sake & Sushi / Restaurant

    Property Details for 1809 Mchenry Ave

    Year built
    1973
    Construction
    WOOD
    Lot size
    1.18 lot acres
    Property size
    2,393 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    059-014-003-000
    APU
    59014003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $680,000
      6.5%
      $625,000
      7%
      $580,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $545,000
      Current use
      MEDICAL BUILDING
      $780,000
      Change: +42% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $735,000
      Change: +34% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.995
    Latitude
    37.6711
    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
    $12,018
    $806,160
    $248,620
    $1,054,780
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8.38 Acres

      Briggsmore Ave

      REGIONAL SHOPPING CENTER, MALL • 8.38 Acres
      Briggsmore Ave, Modesto, CA 95350
      View Details
    • Value Estimation
      $11,410,000
      93,433 SF

      2001 Mchenry Ave

      REGIONAL SHOPPING CENTER, MALL • 93,433 SF
      2001 Mchenry Ave, Modesto, CA 95350-3245
      View Details
    • Value Estimation
      $580,000
      2,425 SF

      3320 Mchenry Ave

      REGIONAL SHOPPING CENTER, MALL • 2,425 SF
      3320 Mchenry Ave, Modesto, CA 95350-1444
      View Details
    • Value Estimation
      $590,000
      2,400 SF

      2101 Standiford Ave

      REGIONAL SHOPPING CENTER, MALL • 2,400 SF
      2101 Standiford Ave, Modesto, CA 95350-0162
      View Details
    • Value Estimation
      $4,440,000
      52,500 SF

      839 Roseburg Ave

      REGIONAL SHOPPING CENTER, MALL • 52,500 SF
      839 Roseburg Ave, Modesto, CA 95350-5059
      View Details
    • Value Estimation
      $6,800,000
      39,713 SF

      1707 Prescott Rd

      REGIONAL SHOPPING CENTER, MALL • 39,713 SF
      1707 Prescott Rd, Modesto, CA 95350-2543
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,685 SF

      Retail Space For Sale

      Grocery anchored retail space available for sale in Modesto, CA.
      1800 Prescott Rd, Modesto, CA 95350
      View Details
    • $2,400,000
      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

      Former Orchard Supply Hardware Retail

      Freestanding retail location with high visibility and ample parking.
      2800 Sisk Rd, 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
    • Contact for pricing
      3,000 SF

      Established 7-Eleven Property for Sale

      Profitable 7-Eleven with investment-grade tenant in Modesto, California.
      3225 Mchenry Ave, Modesto, CA 95350
      View Details

    Similar Nearby for Lease

    • 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
    • $36 SF/Yr
      2,000 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

      Retail Space in High-Traffic Center

      Retail spaces available in a busy Modesto shopping center.
      3440 Mchenry Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      2,351 SF

      Retail Space in High-Traffic Location

      Retail space available in a busy Modesto shopping center.
      1809 Mchenry Ave, Modesto, CA 95350
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Location

      Retail property in Modesto's central high-traffic area, anchored by Safeway.
      2001 Mchenry Ave, Modesto, CA 95350
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Center

      Dominant shopping center location in Modesto with high visibility.
      2001 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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