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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Manufacturing properties
2638 Nathan Ave Modesto, CA 95354-4019
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-0075795
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1964
Construction
TILT-UP CONCRETE
Total area
177,758 SF
Lot
13.96 ac (608,097 SF)
APN
036-010-015-000
UPID
US09-0075795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Silgan Containers Western Region Dunnage Center Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
George J Alves · 1 yrs held
George J Alves
since 2024
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Modesto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Modesto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Aug 6 2024)
Last sale anchor
$3.40M
Aug 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$19 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$70,817
Tax year 2024
Assessed value
$4,770,995
Assessed 2024
Previous assessed
$4,770,995
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,586,779
Assessed improvement
$3,184,216
Applied tax rate
59.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
177,758 SF
Lot
13.96 ac (608,097 SF)
APN
036-010-015-000
UPID
US09-0075795
Jurisdiction
STANISLAUS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
13.96 ac
Current owner
From public records · entity-resolved
George J Alves
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 723, SELMA, CA 93662-0723
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
George J Alves
George J Alves
Intrafamily Transfer
related
—
May 13, 2016
—
George J Alves
—
Deed
related
$5,425,000 · Bank Of The West
Dec 23, 2004
—
George J Alves
—
Trustees Deed
related
$3,200,000 · Quaker City Bank
Apr 30, 2003
$3,400,000
George J Alves
Crown Cork & Seal Co USA
Grant Deed
$2,200,000 · Fe Bland Trust
Jun 13, 1997
—
Crown Cork & Seal Co
Crown Cork & Seal Co INC
Quit Claim Deed
related
—
Jun 24, 1994
—
Crown Cork & Seal Co INC
Ct Supply Co
Grant Deed
related
—
—
—
George J Alves
—
Loan Modification
related
$3,850,000 · Bank Of The West
—
—
George J Alves
—
Deed Of Trust
related
$5,425,000 · Bank Of The West
—
—
Crown Cork & Seal Co (usa) INC
—
Deed Of Trust
related
—
—
—
Crown Cork & Seal Co (usa) INC
—
Deed Of Trust
related
—
—
—
Crown Cork & Seal Co (usa) INC
—
Deed Of Trust
related
—
—
—
George J Alves
—
Deed Of Trust
related
$1,650,000 · Bank Of The West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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