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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Auto shops
3120 Mchenry Ave Modesto, CA 95350-1440
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7383799
Property summary
AI-generated overview
This exceptional investment opportunity presents a 15,060-square-foot retail property located at 3120 McHenry Ave, Modesto, CA 95350. The property is a single-tenant, 100% occupied auto dealership leased to Drive Time under a NNN lease with a corporate guarantee. The lease commenced on December 13, 2021, and expires on March 31, 2027. The asking price is $5,324,000, representing a compelling $353.52 per square foot and a 4.50% cap rate. Situated on a 2.12-acre lot, the single-story building was constructed in 1966. The property benefits from its prime location in Modesto, California, just off Highway 99 in Stanislaus County, a thriving agricultural region. Modesto boasts a population of approximately 223,654, making it the county's largest city. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any investment portfolio. The property's APN is 013-014-002-000. This is a ground lease-free opportunity.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1966
Construction
STEEL FRAME
Total area
15,060 SF
Lot
2.12 ac (92,347 SF)
APN
013-014-002-000
UPID
US09-7383799
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
-
Leer Automotive Pre-Owned Car Dealership
-
American Tire Depot - Modesto II (Bike/Boat/Book/etc) Store Auto Parts Store
-
DriveTime Used Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.32M
Owner & transaction history
Mira Vista Park LLC · 16 yrs held
Mira Vista Park LLC
since 2010
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10%
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
$87 / 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
$17,551
Tax year 2024
Assessed value
$1,585,675
Assessed 2024
Previous assessed
$1,585,675
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,433,820
Assessed improvement
$151,855
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
15,060 SF
Lot
2.12 ac (92,347 SF)
APN
013-014-002-000
UPID
US09-7383799
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
1966
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Mira Vista Park LLC
Entity
Mailing address
2875 POMONA BLVD, POMONA, CA 91768-3281
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
Mira Vista Park LLC
—
Deed
related
$6,700,000 · Bbcn Bank
Oct 19, 2017
—
Mira Vista Park LLC
—
Deed
related
$20,000,000 · Cathay Bank
Mar 3, 2010
$1,200,000
Mira Vista Park LLC
Premier Vly Bk
Grant Deed
$611,900 · Zions First National Bank
Jan 30, 2009
$1,600,000
Premier Vly Bk
Chicago Title Co
Trustees Deed
related
—
Dec 28, 2006
—
Stefan Leer
Leer,cori
Quit Claim Deed
related
—
Dec 28, 2006
$3,200,000
Stefan Leer
Hammon,eric D
Grant Deed
$1,650,000 · Premier Valley Bank
Dec 15, 2006
—
Eric D Hammon
Mitsubishi Motors North Americ
Quit Claim Deed
related
—
May 18, 2005
—
Eric D Hammon
Mitsubishi Motors Credit
Grant Deed
—
Jan 7, 2005
$1,520,000
Mitsubishi Motors Credit Of Ameri
Korman,michael
Quit Claim Deed
related
—
Sep 26, 2003
—
Michael Korman
—
Deed Of Trust
related
$3,200,000 · Capitol Valley Bank
Feb 15, 2002
$1,500,000
Michael Korman
Mistlin Trust
Grant Deed
$975,000 · Bayview Fin'l Trading Group
Feb 15, 2002
—
Michael Korman
Korman,stephanie
Quit Claim Deed
related
—
Aug 8, 2000
—
Mistlin Trust
Mistlin,anthony A & Joan H
Quit Claim Deed
related
—
—
—
Michael Korman
—
Deed Of Trust
related
—
—
—
Michael Korman
—
Deed Of Trust
related
$500,000 · Mitsubishi Motors Credit Ameri
—
—
Mira Vista Park LLC
—
Deed Of Trust
related
$440,000 · Cdc Small Business Finance Co
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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