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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Office Spaces
3219 Mchenry Ave Modesto, CA 95350-1457
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0487494
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Construction
WOOD
Total area
9,486 SF
Lot
0.6 ac (26,136 SF)
APN
055-023-043-000
UPID
US09-0487494
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
-
Great Smiles Dental Dental Office
-
Shadez Salon & Barbershop Barber Shop
-
Patty the Hair Babe Hair Salon
-
DALVIR PANNU DDS INC Dental Office
-
Lourdes Luxe Lengths Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.14M
Owner & transaction history
Tommy Lay · 4 yrs held
Tommy Lay
since 2022
Last sale
$1.2M
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
$1,095,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.18M (May 31 2022)
Last sale anchor
$1.18M
May 31 2022
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
$120 / 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
$14,798
Tax year 2024
Assessed value
$1,336,945
Assessed 2024
Previous assessed
$1,336,945
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$415,305
Assessed improvement
$921,640
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
1979
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
9,486 SF
Lot
0.6 ac (26,136 SF)
APN
055-023-043-000
UPID
US09-0487494
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
1979
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Tommy Lay
Individual
Mailing address
3420 E POPPY ST, LONG BEACH, CA 90805-3849
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
Tommy Lay
Tommy Lay
Intrafamily Transfer
related
—
Oct 13, 2021
—
Tommy Lay
Tommy Lay
Intrafamily Transfer
related
—
Feb 28, 2019
—
Tommy Lay
Lay,tommy
Quit Claim Deed
related
$775,000 · Altura Cu
Aug 25, 2016
$1,175,000
Tommy Lay
Aviel 2006 Family Trust
Grant Deed
$747,500 · Aviel 2006 Family Trust (pt)
Jul 13, 2010
$10,000
Aviel 2006 Family Trust
Golden West Foreclosure
Trustees Deed
related
—
Oct 3, 2002
$1,175,000
419 Georgia Street LLC
Dauphinais,tr
Grant Deed
$822,500 · Sonoma National Bank
Oct 3, 2002
—
Lasher,tr
Vrionis,michael & Maria S
Grant Deed
related
—
May 5, 1997
—
Lasher Trust
Lasher Trust
Quit Claim Deed
related
—
—
—
419 Georgia Street LLC
—
Deed Of Trust
related
$165,000 · Andreini Ruth Trust 006329
—
—
419 Georgia Street LLC
—
Deed Of Trust
related
$100,000 · Baymark Financial
—
—
419 LLC Georgia Street LLC
—
Deed Of Trust
related
$450,000 · Aviel 2006 Family Trust
—
—
419 Georgia Street LLC
—
Deed Of Trust
related
$125,000 · Simon D Aviel
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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