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

    2929 Floyd Ave Modesto, CA 95355-8750

    • Apartment buildings
    • 6,206 SF
    • 10.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    6.6%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-1493410
    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

    • Worldwide Oakwood / Apartment Building
    • The Villas at Villaggio / Apartment Complex
    • Villaggio Apartments / Apartment Building
    • Whitty Marketing Solutions / Marketing Agency
    • Richard L. Schneider Attorney at Law / Bankruptcy Attorney

    Property Details for 2929 Floyd Ave

    Year built
    2009
    Construction
    WOOD
    Lot size
    10.04 lot acres
    Property size
    6,206 SF
    Zone code
    R3
    Property type
    Apartment buildings
    APN
    077-008-030-000
    APU
    77008030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,375,000
      6.5%
      $1,270,000
      7%
      $1,180,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,815,000
      Current use
      MEDICAL BUILDING
      $2,020,000
      Change: +11% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,495,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.941
    Latitude
    37.6791
    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
    $517,299
    $2,126,060
    $26,308,114
    $28,434,174
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,650,000
      146,224 SF

      2300 Oakdale Rd

      APARTMENT HOUSE (5+ UNITS) • 146,224 SF
      2300 Oakdale Rd, Modesto, CA 95355-2687
      View Details
    • Value Estimation
      $1,080,000
      40,030 SF

      2124 Wylie Dr

      APARTMENT HOUSE (5+ UNITS) • 40,030 SF
      2124 Wylie Dr, Modesto, CA 95355-3859
      View Details
    • Value Estimation
      $1,730,000
      79,560 SF

      2200 Coffee Rd

      APARTMENT HOUSE (5+ UNITS) • 79,560 SF
      2200 Coffee Rd, Modesto, CA 95355-2357
      View Details
    • Value Estimation
      $345,000
      4,158 SF

      1312 Ensenada Dr

      APARTMENT HOUSE (5+ UNITS) • 4,158 SF
      1312 Ensenada Dr, Modesto, CA 95355-2374
      View Details
    • Value Estimation
      $1,510,000
      164,740 SF

      3925 Scenic Dr

      APARTMENT HOUSE (5+ UNITS) • 164,740 SF
      3925 Scenic Dr, Modesto, CA 95355-4800
      View Details
    • Value Estimation
      $1,500,000
      53,805 SF

      2800 Floyd Ave

      APARTMENT HOUSE (5+ UNITS) • 53,805 SF
      2800 Floyd Ave, Modesto, CA 95355-9462
      View Details

    Similar Nearby for Sale

    • $579,800

      Modesto Duplex in Established Neighborhood

      Duplex with open layout near schools, shopping, and freeway.
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      Well-Maintained 55+ Community Home

      Comfortable 2BR, 2BA mobile home in a vibrant 55+ community.
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      East Modesto Office Investment Opportunity

      Multi-tenant office complex in desirable east Modesto location.
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    • Contact for pricing

      Commercial Land Ready For Development

      3.64 acres of commercial land suitable for various uses.
      1115 Oakdale Rd, Modesto, CA 95355
      View Details
    • Contact for pricing

      Commercial Land Ready For Development

      General Commercial zoned land suitable for retail, office, and medical.
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    Similar Nearby for Lease

    • $250 SF/Yr
      1,580 SF

      Office Suite in Oakwood Office Park

      Individual office suite suitable for professional uses, sharing common areas.
      1120 Oakdale Rd, Modesto, CA 95355
      View Details
    • $15 SF/Yr
      3,620 SF

      Oakdale Plaza Office Suites

      Modesto, CA Executive Office Space Available
      950 Oakdale Rd, Modesto, CA 95355
      View Details
    • Contact for pricing
      9,000 SF

      Village Corners: Retail/Office Opportunity

      Three-building retail center, 9,000 sq ft available
      3948 Sylvan Ave, Modesto, CA 95355
      View Details
    • $250 SF/Yr
      1,580 SF

      Office Suite in Oakwood Office Park

      Individual office suite available for rent in Modesto, CA.
      1317 Oakdale Rd, Modesto, CA 95355
      View Details
    • Contact for pricing
      4,990 SF

      Modesto Office Space For Lease

      Office space available for lease in Modesto, California.
      1108 Oakdale Rd, Modesto, CA 95355
      View Details
    • Contact for pricing
      25,275 SF

      Retail Space in Century Center

      Prime junior anchor space available in Modesto, California.
      2401 E Orangeburg Ave, Modesto, CA 95355
      View Details
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    2929 Floyd Ave
    Modesto, CA 95355-8750
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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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