Property profile

528 Mchenry Ave Modesto, CA 95354

OFF-MARKET
Retail space
Property ID
US09-2367297
3,920 SF 0.25 ac lot Built 1971
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 528 McHenry Avenue in the heart of Modesto, California, offers a fantastic opportunity for business owners and investors. The building boasts a generous 3,920 square feet of space situated on a 0.25-acre lot. Currently operating as a successful healthcare clothing store for many years, the property presents a turnkey solution for a similar business. The asking price of $1,200,000 is for the real property only. However, the current owner is open to selling the established business as well for an additional $300,000 (plus inventory). This presents a unique opportunity to acquire both a profitable business and a prime retail location simultaneously. The building's central Modesto location ensures high visibility and accessibility, making it an ideal spot for a variety of retail ventures. Should a buyer wish to utilize the property for a different purpose, the current owner is willing to vacate the premises upon closing. This flexibility allows for a wide range of potential uses, making this a truly versatile and attractive investment. The property's size and location make it a rare find in the Modesto market. Don't miss this chance to own a piece of Modesto's thriving retail landscape.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Construction TILT-UP CONCRETE
Total area 3,920 SF
Lot 0.25 ac (10,890 SF)
APN 111-001-079-000
UPID US09-2367297

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

528 Mchenry Ave Modesto, CA 95354-0346
Modesto metro Census 1200 MODESTO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
$935k
Comparable Approach Comparable
$694k
Blend (final) Blend
$705k

Owner & transaction history

since 2025
Last sale
$900,000
5 recorded transactions
2025
$900,000
2023
Price N/A
2012
$350,000
2012
Price N/A
2004
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.0M +86.6%
Neighborhood: shopping center $895,000 +63.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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