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Property profile & analytics
FOR SALE
Warehouses
417 Galaxy Way Modesto, CA 95356
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1172240
For Sale
1 / 29
$2,000,000
417 Galaxy Way, Modesto, CA 95356
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
11,200 SF
Lot
0.92 ac (40,075 SF)
APN
046-010-031-000
UPID
US09-1172240
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
-
The Performance Lab Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$945k
Owner & transaction history
John Potter · 4 yrs held
John Potter
since 2022
Last sale
$952,000
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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,125,000
Current use
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $952k (Feb 22 2022)
Last sale anchor
$952k
Feb 22 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
$84 / 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
$12,529
Tax year 2024
Assessed value
$1,104,872
Assessed 2024
Previous assessed
$1,104,872
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$348,173
Assessed improvement
$756,699
Applied tax rate
109.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Total area
11,200 SF
Lot
0.92 ac (40,075 SF)
APN
046-010-031-000
UPID
US09-1172240
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
John Potter
Individual
Mailing address
113 PALM AVE, MODESTO, CA 95350-5419
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
—
John Potter
John Potter Management LLC
Intrafamily Transfer
related
—
Jul 13, 2020
—
Potter,john Trust
John Potter
Quit Claim Deed
related
—
May 26, 2016
—
Jkp Ventures LP
—
Deed
related
$710,000 · Wells Fargo Bank NA
Jul 7, 2015
$952,000
Jkp Ventures LP
G & I Properties LLC
Grant Deed
—
Feb 26, 2014
—
G & I Properties LLC
Dumas M E & J A 2003 Trust
Grant Deed
$600,000 · Dumas M E & J A 2003 Trust (rt
May 10, 2013
—
Judith A Dumas
Dumas,michael E
Affidavit Of Death
related
—
Jun 14, 2004
—
Michael E Dumas
—
Deed Of Trust
related
$1,858,142 · Modesto Commerce Bank
Jul 29, 2003
—
Dumas,tr
Dumas,michael E & Judith A
Quit Claim Deed
related
$363,000 · Modesto Commerce Bank
Jul 23, 2002
—
Michael E Dumas
—
Trustees Deed
related
$354,000 · Modesto Commerce Bank
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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