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Property profile & analytics
OFF-MARKET
Estimated value
$4,890,000
Office Spaces
4230 Kiernan Ave Modesto, CA 95356-9321
Individually Owned
~
Est. High Equity
Property ID
US09-0496825
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Construction
TILT-UP CONCRETE
Total area
41,254 SF
Lot
2.44 ac (106,286 SF)
APN
135-044-038-000
UPID
US09-0496825
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
-
Complere Engineering Group Inc Engineer Mechanical Engineer
-
Norbert Ralph, PhD, MPH Physician Medical Clinic
-
Cal-Med Central Billing, Inc. Medical Billing Service
-
Biomet Medical Clinic
-
Azevedo Investment Corporation Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$4.89M
Owner & transaction history
Tony And Lynnann Molica Living Trus
Tony And Lynnann Molica Living Trus
since 2026
Last sale
$4.7M
6 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
$4.89M
Range $4.40M – $5.38M · ±10% · vs last sale $4.65M (Feb 4 2026)
Last sale anchor
$4.65M
Feb 4 2026
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
$119 / 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
$52,116
Tax year 2024
Assessed value
$4,215,000
Assessed 2024
Previous assessed
$4,215,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,264,500
Assessed improvement
$2,950,500
Applied tax rate
96.0000
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
41,254 SF
Lot
2.44 ac (106,286 SF)
APN
135-044-038-000
UPID
US09-0496825
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
2.44 ac
Current owner
From public records · entity-resolved
Tony And Lynnann Molica Living Trus
Individual
Mailing address
4230 KIERNAN AVE STE #210, MODESTO, CA 95356-9323
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
$4,650,000
Tony And Lynnann Molica Living Trus
Kiernan Business Center Partners
Grant Deed
$2,975,000 · Farmers & Merchants Bank Of Central
Mar 31, 2022
—
Kiernan Business Center Partners
—
Deed
related
$1,740,000 · Central Valley Community Bank
Jan 20, 2017
—
Kiernan Business Center Partners
—
Deed
related
$1,945,000 · Wells Fargo Bank NA
—
—
Kiernan Business Center Ptrs
—
Deed Of Trust
related
$500,000 · Bank Of The West
—
—
Kiernan Business Center Ptrs
—
Deed Of Trust
related
$2,785,000 · Bank Of The West
—
—
Kiernan Business Central Partn
—
Deed Of Trust
related
$250,000 · Union Safe Deposit 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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