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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office Spaces
301 Downey Ave Modesto, CA 95354-1203
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2221450
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1937
Construction
WOOD
Total area
2,336 SF
Lot
0.12 ac (5,227 SF)
APN
111-007-061-000
UPID
US09-2221450
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$765k
Owner & transaction history
First Sea Squared Property LLC · 2 yrs held
First Sea Squared Property LLC
since 2023
Last sale
$879,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$965,000
+57.6%
Medical building
$760,000
+24.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$610,000
Current use
AUTO REPAIR, GARAGE
$965,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$535,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $879k (Dec 29 2023)
Last sale anchor
$879k
Dec 29 2023
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
$327 / 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
$3,418
Tax year 2024
Assessed value
$300,000
Assessed 2024
Previous assessed
$300,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$75,000
Assessed improvement
$225,000
Applied tax rate
2.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1937
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,336 SF
Lot
0.12 ac (5,227 SF)
APN
111-007-061-000
UPID
US09-2221450
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$965,000
MEDICAL BUILDING
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$535,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1937
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
First Sea Squared Property LLC
Entity
Mailing address
480 LAURELWOOD LN, RIPON, CA 95366-2930
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$879,000
First Sea Squared Property LLC
Southfork Property Holdings LLC
Grant Deed
$440,000 · Farmers & Merchants Bank Of Central
Feb 20, 2019
$250,000
Southfork Prop Hldgs LLC
Moody,robert
Grant Deed
$187,500 · Bank Of The West
Jul 1, 2014
—
Moody,robert
Moody Family Trust
Quit Claim Deed
related
$490,000 · Wells Fargo Bk
May 1, 2009
—
Moody Family Trust
Moody,william N
Quit Claim Deed
related
—
May 1, 2008
—
Robert P Moody
Moody,diane K
Quit Claim Deed
related
$585,000 · Union Bank Of California
Dec 17, 2003
—
William N Moody
Moody,tr
Quit Claim Deed
related
—
Nov 8, 2000
—
Moody Trust
Moody Trust
Quit Claim Deed
related
—
May 4, 1990
$127,000
Charles W Moody
New,david J
Grant Deed
$92,800 · Seller
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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