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    241 Spenker Ave Modesto, CA 95354-3920
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    Property profile & analytics

    241 Spenker Ave, Modesto, CA 95354-3920

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    • Manufacturing properties
    • 16,375 SF
    • 2.09 lot acres
    Off-Market
    Last Sale May 24, 2023
    $2,000,000
    Property ID
    US09-0583105
    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
    $2,915,000
    Show details
    Cap Rate Potential
    4.9%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Trader Joe‘s #943 Receiving Office / Warehouse & Storage
    • Pitts Co / Department Store
    • USALCO / Chemical Plant / Factory
    • Cal Chem Enterprises / Home Appliance Store / Hardware & Home Improvement

    Property Details for 241 Spenker Ave

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    2.09 lot acres
    Property type
    Manufacturing properties
    APN
    036-018-025-000
    APU
    36018025000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2023 $2,000,000 Usalco Modesto Plant LLC Chemical Property Holdings LLC Grant Deed —
    Jul 10, 2013 $1,800,000 Chemical Property Holdings LLC Velthoen 2004 Trust Grant Deed · related —
    Dec 31, 2012 $1,800,000 Chemical Property Holdings LLC Florence Blanche Velthoen Grant Deed $1.3M · Wells Fargo Bank NA
    Jun 21, 2011 — Daniels Living Trust Daniels Family Trust Quit Claim Deed · related —
    Feb 15, 2011 — Velthoen B K & M A Family Trust Velthoen,brian K Quit Claim Deed · related —
    Feb 7, 2011 — Brian K Veithoen Daniels James R Quit Claim Deed · related —
    Feb 5, 2007 — Velthoen B K & M A Family Velthoen,brian K & Margaret Quit Claim Deed · related —
    Nov 2, 2006 — Brian K Velthoen Velthoen,brian & Margaret Quit Claim Deed · related —
    — — Velthoen B K & M A Family Trust — Deed Of Trust · related $1.4M · Us Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,170,000
      ML approach
      $2,935,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,600,000
      6.5%
      $2,400,000
      7%
      $2,230,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,819,000
      Market price range: $1.44M - $5.05M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,290,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,790,000
      Change: +46% Conversion: Difficult
      RESTAURANT
      $4,785,000
      Change: +45% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,280,000
      Change: +30% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,745,000
      Change: +14% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.96
    Latitude
    37.6357
    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
    $27,333
    $346,800
    $1,693,200
    $2,040,000
    -
    $0.00
    $0.00
    $0.00
    More about this property
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