Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Retail space
500 Carpenter Rd Modesto, CA 95351-1727
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1322380
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
STEEL FRAME
Total area
50,050 SF
Lot
3.22 ac (140,263 SF)
APN
029-018-025-000
UPID
US09-1322380
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
-
Mitchell's Modesto Harley-Davidson Motorcycle Shop (Bike/Boat/Book/etc) Store
-
Michael's Pizza Bar and Grill Restaurant
-
Modesto Hog Chapter #257 Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.71M
Owner & transaction history
City Of Modesto · 3 yrs held
City Of Modesto
since 2023
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
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10%
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
$54 / 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
$30,287
Tax year 2024
Assessed value
$2,658,106
Assessed 2024
Previous assessed
$2,658,106
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,019,181
Assessed improvement
$1,638,925
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
50,050 SF
Lot
3.22 ac (140,263 SF)
APN
029-018-025-000
UPID
US09-1322380
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
City Of Modesto
Entity
Mailing address
480 HOGUE RD, MODESTO, CA 95356-8831
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
—
Arthur L Mitchell
—
Deed
related
$150,000 · Oak Valley Community Bank
Jan 13, 2023
—
City Of Modesto
Arthur L Mitchell
Grant Deed
—
Mar 22, 2019
—
Arthur L Mitchell
—
Deed
related
$299,222 · Oak Valley Community Bank
Feb 28, 2006
—
Mitchell A L & L C 1996 Trust
Mitchell,arthur L
Quit Claim Deed
related
$770,000 · Westamerica Bank
Jun 18, 1999
—
Arthur L Mitchell
Asher,jane
Quit Claim Deed
related
—
Jun 26, 1997
—
Jane Asher
C Trust
Grant Deed
related
—
May 24, 1996
$1,375,000
Jane Asher Trustee
Bedrosian,janice A
Trustees Deed
—
May 24, 1996
—
Janice A Bedrosian
Bedrosian Trust
Quit Claim Deed
related
—
Nov 1, 1994
—
Janice A Bedrosian
Torosian,karl J
Quit Claim Deed
related
—
—
—
Arthur L Mitchell
—
Deed Of Trust
related
$180,000 · Westamerica Bank
—
—
Mitchell A L & L C Family
—
Deed Of Trust
related
$700,000 · Westamerica Bank
—
—
Arthur L Mitchell
—
Deed Of Trust
related
$500,000 · Westamerica Bank
—
—
Arthur L Mitchell
—
Deed Of Trust
related
$187,000 · Westamerica Bank
—
—
Arthur Mitchell Trustee
—
Deed Of Trust
related
$550,000 · Westamerica Bank
—
—
Mitchell A L & L C Fam 1996 Trust
—
Deed Of Trust
related
$100,000 · Westamerica Bank
—
—
Jane Asher
—
Deed Of Trust
related
$1,100,000 · Westamerica Bank
—
—
Arthur L Mitchell
—
Deed Of Trust
related
$641,250 · Westamerica 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 500 Carpenter Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
