Technical
Financial
Distress signals
Property profile

310 Sperry Ave Patterson, CA 95363

OFF-MARKET
Commercial real estate
Property ID
US10-2292110
1,812 SF 0.45 ac lot Built 1925
Trust Owned 24-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,812 square foot property, situated on a 0.46-acre lot at 310 Sperry Avenue in Patterson, CA, presents a compelling investment opportunity. Currently zoned for commercial use, the property includes a spacious residential home, offering immediate flexibility for a variety of uses. Its prime location on Sperry Avenue, a rapidly developing commercial corridor, ensures high visibility and accessibility. The property's proximity to downtown Patterson further enhances its appeal. This unique offering allows for several potential uses, including establishing a business from the existing residential structure, creating a rental income property, or undertaking redevelopment to capitalize on the area's commercial growth. The substantial lot size provides ample space for expansion or future development. This is an ideal opportunity for an investor seeking a strategic foothold in a thriving commercial area. The existing residential component offers immediate income potential or the ability to live on-site while developing the commercial aspects of the property. The property's versatility and location make it a rare find in the Patterson market. Don't miss this chance to acquire a valuable asset in a dynamic and growing community. The asking price is $950,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1925
Construction WOOD
Total area 1,812 SF
Lot 0.45 ac (19,602 SF)
APN 048-043-005-000
UPID US10-2292110

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

310 Sperry Ave Patterson, CA 95363-2732
Patterson metro Census 3203 MODESTO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2001
6 recorded transactions
2019
Price N/A
2001
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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