Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    401 Paradise Rd Modesto, CA 95351-3163
    Back to Search
    Property profile & analytics

    401 Paradise Rd, Modesto, CA 95351-3163

    View on Map
    • Medical Office Space
    • 27,157 SF
    • 2.97 lot acres
    Off-Market
    Property ID
    US09-1827201
    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.
    Value Estimations
    $6,240,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walgreens / Pharmacy
    • Golden Valley Health Centers - Medical Clinic / Medical Clinic
    • Stanislaus County Health Services / State Government Office
    • SHRADDHA SHAH, MD / Pediatrician / Physician
    • Walgreens Photo / (Bike/Boat/Book/etc) Store

    Property Details for 401 Paradise Rd

    Year built
    2002
    Construction
    WOOD
    Lot size
    2.97 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    030-020-031-000
    APU
    30020031000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2014 $8,100,000 Gre Modestd LLC Gary R Farrar Grant Deed $5.2M · Jpmorgan Chase Bank NA
    Dec 31, 2012 — Kimberly A Soranno Soranno,diana L Quit Claim Deed · related —
    Sep 15, 2011 — Diana L Soranno Soranno Leonard J Quit Claim Deed · related —
    Feb 22, 2010 — Coppedge Timothy & Kelly Trust Coppedge,kelly Quit Claim Deed · related —
    Nov 18, 1999 — Soranno Trust Soranno,leonard J & Diana L Quit Claim Deed · related —
    Sep 30, 1999 $250,000 Leonard J Soranno Yosemite Properties Grant Deed —
    — — Soranno L J & D L 1998 Trust — Deed Of Trust · related $2M · Kimberly A & Diana L Soranno
    — — Leonard J Soranno — Deed Of Trust · related $3.4M · County Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,195,000
      6.5%
      $6,640,000
      7%
      $6,170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,163,000
      Market price range: $1.76M - $5.33M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $8,845,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $7,945,000
      Change: -10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $7,105,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -121.015
    Latitude
    37.628
    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
    $110,919
    $1,118,896
    $8,615,892
    $9,734,788
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,845,000
      10,750 SF

      1360 Mitchell Rd

      MEDICAL BUILDING
      1360 Mitchell Rd, Modesto, CA 95351
      View Details
    • Value Estimation by Request
      3,292 SF

      1019 5th St

      MEDICAL BUILDING
      1019 5th St, Modesto, CA 95351
      View Details
    • Value Estimation
      $570,000
      3,016 SF

      2503 Hatch Rd

      MEDICAL BUILDING
      2503 Hatch Rd, Modesto, CA 95351-4817
      View Details
    • Value Estimation
      $545,000
      3,000 SF

      1368 Mitchell Rd

      MEDICAL BUILDING
      1368 Mitchell Rd, Modesto, CA 95351-4920
      View Details
    • Value Estimation
      $1,450,000
      6,000 SF

      1340 Mitchell Rd

      MEDICAL BUILDING
      1340 Mitchell Rd, Modesto, CA 95351-4920
      View Details
    • Value Estimation by Request
      0.10 Acres

      15th St

      MEDICAL BUILDING
      15th St, Modesto, CA 95351
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway 99 Redevelopment Opportunity

      9-acre commercial land for redevelopment near Highway 99.
      1351 E Hatch Rd, Modesto, CA 95351
      View Details
    • Contact for pricing

      Established Restaurant in Modesto

      Well-established restaurant with high traffic location near downtown Modesto.
      421 Maze Blvd, Modesto, CA 95351
      View Details
    • Contact for pricing

      Commercial Land with Highway Visibility

      30,000 sq. ft. commercial land with highway visibility.
      Crows Landing Rd, Modesto, CA 95351
      View Details
    • Contact for pricing

      Hosmer Avenue Commercial Opportunity

      1.08-acre lot with 1,600 SF warehouse, ideal for commercial uses.
      Hosmer Ave, Modesto, CA 95351
      View Details
    • $180,000
      0.21 Acres

      Residential Land in Modesto

      Build-ready parcel with approved plans for primary residence and ADU.
      409 Laurel Ave, Modesto, CA 95351
      View Details
    • $819,000
      10,500 SF

      Retail Property in High Traffic Area

      Retail property with high traffic and fully occupied by happy tenants.
      1324 N Carpenter Rd, Modesto, CA 95351
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Freestanding Office Building For Rent

      3,000 SF freestanding office building, former dental office, ample parking.
      1440 E Hatch Rd, Ceres, CA 95351
      View Details
    • $0.85 SF/Yr
      4,904 SF

      Flex Space with Office Features

      Flex space with offices, warehouse area, and highway access.
      1064 Woodland Ave, Modesto, CA 95351
      View Details
    • Contact for pricing
      1,485 SF

      Industrial Space in Modesto, CA

      Industrial property available for lease in Modesto, California.
      1511 Lone Palm Ave, Modesto, CA 95351
      View Details
    • Contact for pricing
      1,595 SF

      Modesto Flex Space Available

      Flex space with small office for rent in Modesto.
      1413 Lone Palm Ave, Modesto, CA 95351
      View Details
    • Contact for pricing
      847 SF

      Modesto Warehouse Space Available

      Warehouse space for rent in Modesto, CA.
      1313 Lone Palm Ave, Modesto, CA 95351
      View Details
    • Contact for pricing
      11,468 SF

      Modesto Warehouse with Fenced Yard

      15,360 SF warehouse with fenced yard in Modesto.
      301 9Th St, Modesto, CA 95351
      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.
    401 Paradise Rd
    Modesto, CA 95351-3163
    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

    Thank You for Inquiry
    401 Paradise Rd, Modesto, CA, 95351
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!