Technical
Financial
Distress signals
Property profile

2151 Sperry Ave Patterson, CA 95363

FOR SALE
Industrial land
Property ID
US09-3865919
1.9 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.9-acre parcel, located at 2151 Sperry Avenue in Patterson, California (APN 021-094-002-000), presents a compelling investment opportunity. Zoned IBP, this land is situated within the Westridge Business Park, a thriving hub in the heart of Patterson's industrial sector. The property boasts high visibility and exceptional access, situated near the popular Pilot Flying J and the soon-to-open Popeyes Chicken, ensuring high traffic counts. The land offers significant development potential, benefiting from Patterson's robust economic growth and pro-business environment. The city's strategic location near Interstate 5 and its planned northwest annexation further enhance the property's long-term value. Westridge Business Park offers competitive advantages, including some of the lowest fees in the area, readily available stormwater connections, and a proven high traffic count on Sperry Avenue, ideal for commuters. The asking price is $1,300,000, translating to $21.75 per square foot. This property is ideally suited for 1031 exchange transactions. This is a rare opportunity to acquire a strategically located parcel in a rapidly expanding city, offering significant returns for discerning investors.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.9 ac (82,764 SF)
Zoning code PAT LI
APN 021-094-002-000
UPID US09-3865919

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2151 Sperry Ave Patterson, CA 95363
Patterson metro Census 3300 MODESTO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

Zoning & alternative use

PAT LI · Patterson, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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