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    4641 Spyres Way Modesto, CA 95356
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    Property profile & analytics

    4641 Spyres Way, Modesto, CA 95356

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    • Office Spaces
    • 13,200 SF
    • 0.98 lot acres
    For Lease
    $1.75 SF/Yr
    View Listing →
    Modesto Office Space Available For Lease
    $1.75 SF/Yr
    1,800 SF

    Modesto Office Space Available

    Well-maintained Modesto office building with private offices and conference room.

    4641 Spyres Way, Modesto, CA
    View Listing
    Property ID
    US09-1554576
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chuck Bukhari - Modesto's Realtor / Real Estate Agency
    • Network Builders IT Inc. / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • Hamilton Dental Design Inc / Dental Office
    • Bradley Wolfley, Exit Realty Consultants / Real Estate Agency
    • Mystic Body Health and Wellness / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 4641 Spyres Way

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Zone code
    PI
    Property type
    Office Spaces
    APN
    046-011-066-000
    APU
    46011066000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,070,000
      6.5%
      $2,835,000
      7%
      $2,630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,592,000
      Market price range: $590k - $2.73M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,185,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,020,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.998
    Latitude
    37.7066
    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
    $25,231
    $230,838
    $2,018,842
    $2,249,680
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,485,000
      8,320 SF

      4640 Spyres Way

      OFFICE (GENERAL)
      4640 Spyres Way, Modesto, CA 95356-9800
      View Details
    • Value Estimation
      $1,280,000
      5,988 SF

      304 Banner Ct

      OFFICE (GENERAL)
      304 Banner Ct, Modesto, CA 95356-9194
      View Details
    • Value Estimation
      $2,200,000
      10,628 SF

      301 Banner Ct

      OFFICE (GENERAL)
      301 Banner Ct, Modesto, CA 95356-8630
      View Details
    • Value Estimation
      $640,000
      3,400 SF

      3719 Tully Rd

      OFFICE (GENERAL)
      3719 Tully Rd, Modesto, CA 95356-1026
      View Details
    • Value Estimation
      $1,085,000
      4,970 SF

      4335 Star Way Ste A

      OFFICE (GENERAL)
      4335 Star Way Ste A, Modesto, CA 95356-8628
      View Details
    • Value Estimation
      $1,540,000
      7,785 SF

      400 Lyell Dr

      OFFICE (GENERAL)
      400 Lyell Dr, Modesto, CA 95356-9291
      View Details

    Similar Nearby for Sale

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      4,214 SF

      New Medical Office in Modesto

      Newly constructed medical office building near Kaiser Permanente's Modesto campus.
      3001 Health Care Way, Modesto, CA 95356
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      Medical Office Space Opportunity

      10,000 sq ft lot near Kaiser, ideal for medical practice.
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    • $283,500

      Commercial Land For Sale

      Commercial land available, located off Glass Court.
      4615 Glass Ct, Modesto, CA 95356
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      225,532 SF

      Versatile Industrial Space in Modesto

      Functional industrial property with recent capital improvements and strong tenant commitment.
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      1.71 Acres

      McHenry Ave Retail Outparcel

      High-traffic Modesto location, ideal for retail or car lot.
      3824 Mchenry Ave, Modesto, CA 95356
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      Well-Maintained Triplex in Modesto

      Spacious triplex with strong rental potential in a desirable location.
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Modesto Office Space Available

      Well-maintained Modesto office building with private offices and conference room.
      4641 Spyres Way, Modesto, CA 95356
      View Details
    • Contact for pricing

      Retail/Office Space in Modesto

      Office and retail spaces with high visibility and planned improvements.
      3600 Sisk Rd, Modesto, CA 95356
      View Details
    • Contact for pricing

      Private Office Suites Available

      20 private office suites ranging from 110-500 SF.
      3600 Sisk Rd, Modesto, CA 95356
      View Details
    • Contact for pricing
      Pending

      Industrial Space Available For Lease

      Industrial property available for lease at 900 Kiernan Avenue.
      900 Kiernan Ave, Modesto, CA 95356
      View Details
    • Contact for pricing
      Pending

      Modesto Warehouse Space Available

      Warehouse space available for lease in Modesto, California.
      800 Kiernan Ave, Modesto, CA 95356
      View Details
    • Contact for pricing
      4,354 SF

      Retail Space Available For Lease

      Retail property with 4018 square feet available for lease.
      3250 Dale Rd, Modesto, CA 95356
      View Details
    View Listing
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    Modesto, CA 95356
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    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.

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