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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Office Spaces
421 Morris Ave Modesto, CA 95354-0437
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0305341
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1977
Construction
WOOD
Total area
6,216 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C1
APN
111-002-013-000
UPID
US09-0305341
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
-
Stanislaus County Behavioral Crisis Center Medical Clinic
-
Lillie Clark Foster Care Service Social Service Agency
-
Rhonda Parker Foster Care Service Social Service Agency
-
Family Partnership Center County Government Office
-
Regina Perdomo Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$952k
Blend (final)
Blend
$955k
Owner & transaction history
Lodi Association Of Realtors INC
Lodi Association Of Realtors INC
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C1 · Modesto, CA
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%
$1,445,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,420,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $1.00M (Dec 1 2025)
Last sale anchor
$1.00M
Dec 1 2025
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
$154 / 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
$5,082
Tax year 2024
Assessed value
$446,009
Assessed 2024
Previous assessed
$446,009
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$180,812
Assessed improvement
$265,197
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Total area
6,216 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C1
APN
111-002-013-000
UPID
US09-0305341
Jurisdiction
STANISLAUS
Zoning & alternative use
C1 · Modesto, CA
Zoning C1 · permitted uses
C1 · Modesto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Modesto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Lot
0.32 ac
Current owner
From public records · entity-resolved
Lodi Association Of Realtors INC
Entity
Mailing address
2867 SHADY LN, JAMESTOWN, CA 95327-9556
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
$1,000,000
Lodi Association Of Realtors INC
Ohlendorf Revocable Trust
Grant Deed
$750,000 · The Ohlendorf Trust
Jun 26, 2017
—
Ohlendorf Trust
—
Deed
related
$250,000 · Bank Of The West
Nov 29, 2000
—
Ohlendorf Trust
Ohlendorf,alvin T & Connie
Quit Claim Deed
related
—
Feb 22, 2000
$296,000
Ohlendorf A T
Loeb Trust
Grant Deed
—
—
—
Ohlendorf Trust
—
Deed Of Trust
related
$250,000 · Bank Of The West
—
—
Ohlendorf Trust
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank
—
—
Ohlendorf,tr
—
Deed Of Trust
related
$150,000 · Oak Valley Community 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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