Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    932 Mchenry Ave Modesto, CA 95350-5417

    • Commercial real estate
    • 6,072 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4968655
    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.

    Current Use by Public Records

    • Tiki Lounge / Cocktail Bar

    Property Details for 932 Mchenry Ave

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    6,072 SF
    Property type
    Commercial real estate
    APN
    112-045-077-000
    APU
    112045077000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,056,000
      Market price range: $1.06M - $2.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.993
    Latitude
    37.6566
    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
    $4,918
    $431,619
    $0.00
    $431,619
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,315 SF

      1615 Timothy Ave

      COMMERCIAL (GENERAL) • 1,315 SF
      1615 Timothy Ave, Modesto, CA 95350-4419
      View Details
    • Value Estimation
      $1,175,000
      7,522 SF

      1331 Coldwell Ave

      COMMERCIAL (GENERAL) • 7,522 SF
      1331 Coldwell Ave, Modesto, CA 95350-5701
      View Details
    • Value Estimation
      $1,110,000
      8,787 SF

      124 Coolidge Ave

      COMMERCIAL (GENERAL) • 8,787 SF
      124 Coolidge Ave, Modesto, CA 95350-4505
      View Details
    • Value Estimation by Request
      716 SF

      135 Granger Ave

      COMMERCIAL (GENERAL) • 716 SF
      135 Granger Ave, Modesto, CA 95350-4301
      View Details
    • Value Estimation
      $1,140,000
      8,640 SF

      124 Floyd Ave

      COMMERCIAL (GENERAL) • 8,640 SF
      124 Floyd Ave, Modesto, CA 95350-2341
      View Details
    • Value Estimation by Request
      936 SF

      332 Standiford Ave

      COMMERCIAL (GENERAL) • 936 SF
      332 Standiford Ave, Modesto, CA 95350-1055
      View Details

    Similar Nearby for Sale

    • $7,185,000
      53,079 SF

      Briggsmore Plaza: Modesto Retail Center

      High-traffic Modesto retail investment
      1800 Prescott Rd, Modesto, CA 95350
      View Details
    • Contact for pricing
      1,725 SF

      Modesto Office Building For Sale

      Office building with approximately 1,725 square feet of available space.
      2000 Standiford Ave, Modesto, CA 95350
      View Details
    • $87,900

      Cozy Mobile Home in Retirement Community

      Double wide mobile home in 55+ retirement community.
      2621 Prescott Rd, Modesto, CA 95350
      View Details
    • $345,000

      Renovated Home in 55+ Community

      Move-in ready, renovated home in desirable 55+ Modesto community.
      2124 Key West Ln, Modesto, CA 95350
      View Details
    • Contact for pricing
      103,237 SF

      Redevelopment Site Near Freeway

      Redevelopment site with existing building near Modesto Junior College.
      233 Tully Rd, Modesto, CA 95350
      View Details
    • Contact for pricing

      Land Near Kaiser Permanente

      Land ideal for medical development near Kaiser Permanente in Modesto.
      3001 Health Care Way, Modesto, CA 95350
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,575 SF

      Modesto Office Space for Lease

      Class A Office Suites Available Now
      1700 Standiford Ave, Modesto, CA 95350
      View Details
    • $21 SF/Yr
      58,892 SF

      Modesto Office Space for Lease

      Prime Modesto location, flexible suites available.
      1101 Sylvan Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      24,236 SF

      Medical/Retail Space in Central Modesto

      6,223 SF medical/retail space in high-visibility Modesto center.
      1320 Standiford Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      228,000 SF

      Retail Space in High-Traffic Location

      Retail property in Modesto's central high-traffic area, anchored by Safeway.
      2001 Mchenry Ave | Modesto, Modesto, CA 95350
      View Details
    • Contact for pricing
      1,404 SF

      Retail Space with Highway Access

      Retail space with excellent highway access and planned facade improvements.
      2045 W Briggsmore Ave, Modesto, CA 95350
      View Details
    • Contact for pricing
      2,351 SF

      Retail Space in High-Traffic Location

      Retail space available in a busy Modesto shopping center.
      1809 Mchenry Ave, Modesto, CA 95350
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    932 Mchenry Ave
    Modesto, CA 95350-5417
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.