Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    310 Sperry Ave Patterson, CA 95363-2732

    • Commercial real estate
    • 1,812 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2292110
    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

    • Commercial real estate

    Property Details for 310 Sperry Ave

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.45 lot acres
    Property size
    1,812 SF
    Property type
    Commercial real estate
    APN
    048-043-005-000
    APU
    48043005000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Patterson
    County
    Stanislaus
    State
    California
    Longitude
    -121.125
    Latitude
    37.4639
    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
    $1,656
    $73,578
    $60,703
    $134,281
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.27 Acres

      Sperry Ave

      Land • 2.27 Acres
      0 Sperry Ave, Patterson, CA 95363
      View Details
    • Value Estimation by Request
      1.18 Acres

      Sperry Ave

      Land • 1.18 Acres
      0 Sperry Ave, Patterson, CA 95363
      View Details
    • Value Estimation by Request
      8.60 Acres

      Paradise Ne Ave

      COMMERCIAL (GENERAL) • 8.60 Acres
      Paradise Ne Ave, Patterson, CA 95363
      View Details
    • Value Estimation by Request
      908 SF

      121 4th St

      COMMERCIAL (GENERAL) • 908 SF
      121 4th St, Patterson, CA 95363-2537
      View Details
    • Value Estimation by Request
      836 SF

      317 2nd St

      COMMERCIAL (GENERAL) • 836 SF
      317 2nd St, Patterson, CA 95363-2703
      View Details
    • Value Estimation
      $710,000
      6,900 SF

      511 2nd St

      COMMERCIAL (GENERAL) • 6,900 SF
      511 2nd St, Patterson, CA 95363-2704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.07 Acres

      Patterson Commercial Land Parcel

      1.07-acre retail opportunity, high visibility.
      0 Sperry Ave, Patterson, CA 95363
      View Details
    • Contact for pricing
      1.18 Acres

      Patterson Commercial Land Opportunity

      1.18-acre lot, prime Patterson location
      0 Sperry Ave, Patterson, CA 95363
      View Details
    • $1,300,000
      1.90 Acres

      Patterson Industrial Land - $1.3M

      1.9-acre commercial/industrial lot, prime location.
      2151 Sperry Ave, Patterson, CA 95363
      View Details
    • Contact for pricing
      2.39 Acres

      Patterson Commercial Land - 2.39 Acres

      Prime Patterson location, high visibility, 1031 exchange eligible.
      0 Rogers Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      4.20 Acres

      Patterson Industrial Land - 4.2 Acres

      Prime location, high traffic count, ideal for truck stop.
      0 Rogers Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      1.09 Acres

      Delta Marketplace: Restaurant Land

      Prime Patterson Commercial Lot, 1.09 Acres
      0 Sperry Ave, Patterson, CA 95363
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400,000 SF

      Warehouse Space Available For Lease

      400,000 SF warehouse space available for lease in Patterson, CA.
      400 Rogers Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      990,554 SF

      Baldwin Ranch Shopping Center

      Patterson, CA: Prime Commercial Land
      0 Sperry Ave And Baldwin Rd, Patterson, CA 95363
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in Patterson Marketplace

      Retail space available in established Patterson shopping center.
      1055 Sperry Ave, Patterson, CA 95363
      View Details
    • Contact for pricing
      356,065 SF

      Patterson Warehouse Space For Lease

      Available warehouse space in Patterson with ample parking and loading.
      400 Park Center Dr, Patterson, CA 95363
      View Details
    • Contact for pricing
      1,250 SF

      Patterson Retail Space For Rent

      Retail space available in Patterson Marketplace Shopping Center, Patterson, CA.
      1055 Sperry Ave, Patterson, CA 95363
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    310 Sperry Ave
    Patterson, CA 95363-2732
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.