Entity Owned Property summary
AI-generated overview
The property is an industrial facility with a total building area of 684,000 square feet and existing shared improvements, with office space configured to be built to suit. The building is equipped with seven dock-high doors and one grade-level door, and provides trailer parking on up to 10.8 acres of adjacent paved and fenced yard. Clear height reaches 30 feet at the first column, with column spacing of 50 feet by 50 feet. Electrical service is provided at 800 amps, 240/40 volts, 3-phase, with potential for expansion. Fire suppression is provided via an ESFR system, and lighting consists of 20-foot candle LED fixtures with sensors. The property is zoned M2 (Heavy Industrial) by the City of Modesto and has been configured to support warehouse, industrial, and distribution uses, with on-site 3PL handling services for inbound, outbound, and transportation available through the property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
WOOD
Total area
16,910 SF
Lot
2.64 ac (114,998 SF)
Zoning code
M2
APN
086-015-033-000
UPID
US09-1463814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Parts Store
-
Courier Service Postal Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.04M
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$4.07M
Owner & transaction history
Zoning & alternative use
M2 · Modesto, CA
Top alternative use upside
Medical building
$5.5M
+115.2%
Apartment house (5+ units)
$4.9M
+93.2%
Commercial (general)
$4.6M
+81.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.07M
Value range
$3.66M – $4.48M
±10% around blend
Estimated value / SF
$241 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$3.66M
blend $4.07M
$4.48M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,910 SF
Lot area
2.64 ac
Year built
2016
APN
086-015-033-000
Zoning
M2
Assessed value
$3,817,297
Annual tax
$42,675
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.04M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.37M
@ 6.5% CAP return
$4.04M
@ 7% CAP return
$3.75M
4
Sales comparison
Partial preview
Sales approach indication
$3.92M
Range $1.19M – $4.31M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 81 sales
$151
+59%
County 184 sales
$133
+80%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $241/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+115%
vs current-use indication
Apartment House (5+ Units)
Commercial (general)
Industrial (general)
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.82M
Move the market yield to see immediate price impact.
Value / SF
$226
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$240k
$4.81M
$3.44M
$2.67M
$267k
$5.34M
$3.82M
$2.97M
$294k
$5.88M
$4.20M
$3.27M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$42,675
Tax year 2024
Assessed value
$3,817,297
Assessed 2024
Previous assessed
$3,817,297
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,382,096
Assessed improvement
$2,435,201
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
NONE
Total area
16,910 SF
Lot
2.64 ac (114,998 SF)
Zoning code
M2
APN
086-015-033-000
UPID
US09-1463814
Jurisdiction
STANISLAUS
Zoning & alternative use
M2 · Modesto, CAZoning M2 · permitted uses
M2 · Modesto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
WOOD
Heating
NONE
Lot
2.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2
Jurisdiction
Modesto, CA
Recorded code
M2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M2 in Modesto, CA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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