Technical
Financial
Distress signals
Property profile

2316 Nickerson Dr Modesto, CA 95358

OFF-MARKET
Warehouses
Property ID
US09-1627863
3,081 SF 2.2 ac lot Built 1994
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1994
Construction STEEL FRAME
Total area 3,081 SF
Lot 2.2 ac (95,832 SF)
APN 086-013-019-000
UPID US09-1627863

Cap rate & NOI

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

Location

2316 Nickerson Dr Modesto, CA 95358-9483
Modesto metro Census 2506 MODESTO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
$505k
Comparable Approach Comparable
$501k
Blend (final) Blend
$520k

Owner & transaction history

since 2022
Last sale
$550,000
7 recorded transactions
2022
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2014
$550,000
2010
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $845,000 +174.9%
Neighborhood: shopping center $705,000 +129.3%
Retail stores $465,000 +51.8%

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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