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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2323 Main St Turlock, CA 95380-9431

    • Super regional malls
    • 100,282 SF
    • 8.40 lot acres
    OFF-MARKET
    Value Estimations
    $10,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0411912
    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

    • TNT Fireworks / Fireworks Store / Store
    • Regal Turlock / Movie Theater
    • ATM / Atm

    Property Details for 2323 Main St

    Year built
    1981
    Construction
    TILT-UP CONCRETE
    Lot size
    8.40 lot acres
    Property size
    100,282 SF
    Property type
    Super regional malls
    APN
    089-014-041-000
    APU
    89014041000

    Description

    This exceptional retail opportunity is located at 2323 W. Main Street in Turlock, California, 95380. The Turlock Cinema Plaza Shopping Center boasts a prime location adjacent to Highway 99 ramps, ensuring high visibility and accessibility. The property offers multiple spaces available within a 14,703 square foot strip center situated on an 8.4-acre lot. Units range from a minimum divisible size of 1,309 square feet to a maximum contiguous space of 5,263 square feet, providing flexibility for various retail concepts. The center is anchored by strong national tenants including Regal Cinemas Stadium 14, Tractor Supply, Starbucks, Sonic Drive-In, Subway, Perko’s Cafe & Grill, AM/PM, and Arco Gasoline. A diverse range of regional tenants further enhances the property's appeal, including Turlock Poker Room, The Rail Bar & Grill, Nite & Day Furniture, Happy Foot Massage, Flare Smoke Shop, Ricco’s Pizza, Golden Dragon Restaurant, and several personal care businesses. This established shopping center offers a proven track record and a strong tenant mix, making it an ideal investment for businesses seeking high foot traffic and a vibrant community atmosphere. The property is offered as a ground lease. Four spaces are currently available. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,725,000
      Market price range: $12.8M - $43.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Turlock
    County
    Stanislaus
    State
    California
    Longitude
    -120.875
    Latitude
    37.4939
    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
    $123,712
    $2,448,562
    $9,085,900
    $11,534,462
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $990,000
      8,238 SF

      599 Golden State Blvd

      REGIONAL SHOPPING CENTER, MALL • 8,238 SF
      599 Golden State Blvd, Turlock, CA 95380-3918
      View Details
    • Value Estimation
      $2,960,000
      24,411 SF

      1850 Countryside Dr

      REGIONAL SHOPPING CENTER, MALL • 24,411 SF
      1850 Countryside Dr, Turlock, CA 95380-9530
      View Details
    • Value Estimation
      $3,075,000
      18,346 SF

      3027 Countryside Dr

      REGIONAL SHOPPING CENTER, MALL • 18,346 SF
      3027 Countryside Dr, Turlock, CA 95380-8400
      View Details
    • Value Estimation by Request
      3,015 SF

      693 Golden State Blvd

      REGIONAL SHOPPING CENTER, MALL • 3,015 SF
      693 Golden State Blvd, Turlock, CA 95380-3952
      View Details
    • Value Estimation
      $4,270,000
      32,500 SF

      751 Golden State Blvd

      REGIONAL SHOPPING CENTER, MALL • 32,500 SF
      751 Golden State Blvd, Turlock, CA 95380-3953
      View Details
    • Value Estimation
      $1,835,000
      17,776 SF

      121 Main St

      REGIONAL SHOPPING CENTER, MALL • 17,776 SF
      121 Main St, Turlock, CA 95380-4852
      View Details

    Similar Nearby for Sale

    • $48,800,000
      144,365 SF

      Retail Center with National Tenants

      Shopping center with national tenants and growth potential.
      Golden State Rd, Turlock, CA 95380
      View Details
    • Contact for pricing
      99,794 SF

      Turlock Cinema Plaza Shopping Center

      Shopping center adjacent to Freeway 99 ramps in Turlock, CA.
      2305-2353 W Main St, Turlock, CA 95380
      View Details
    • $48,800,000
      144,365 SF

      Prime Retail Center For Sale

      Shopping center with national tenants and growth potential.
      503 795 N Golden State Rd, Turlock, CA 95380
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    • $899,679
      12,000 SF

      Historic Olive Building, Turlock CA

      Downtown Turlock Mixed-Use Redevelopment
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      Downtown Retail and Warehouse Space

      Retail and warehouse space in downtown core with solid tenant.
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      Downtown Turlock Commercial Space

      Combined commercial space in Downtown Turlock, ideal for diverse uses.
      250 Market St, Turlock, CA 95380
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    Similar Nearby for Lease

    • Contact for pricing

      Freeway Visible Power Center

      Power center with freeway visibility and quick access.
      2801 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
    • Contact for pricing
      26,960 SF

      Retail Space in Turlock Center

      26,960 SF retail space in busy shopping center.
      503-783 N Golden State Blvd, Turlock, CA 95380
      View Details
    • Contact for pricing
      3,630 SF

      Prime Drive-Thru Pad Available

      High-visibility drive-thru pad in a strong power center.
      2705 W Monte Vista Ave, Turlock, CA 95380
      View Details
    • $21 SF/Yr
      20,050 SF

      Hawkeye Shopping Center Retail Space

      Prime Turlock retail space, high visibility location.
      809-869 Hawkeye Ave, 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
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    Turlock, CA 95380-9431
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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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