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Property profile & analytics
OFF-MARKET Estimated value $5,735,000
Warehouses

937 Emerald Ave Modesto, CA 95351-1504

65,904 SF 2.44 ac lot Built 1978
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1067268
Property summary
AI-generated overview

This exceptional Modesto property offers 9,800 square feet of flexible warehouse/showroom space, part of a larger 12,800 square foot building. Located at 937 N Emerald Ave, this Class B building boasts a prime location in the Modesto submarket of Stanislaus County, CA (zip code 95351). Built in 1978 and extensively renovated in 2024, the property features a single-story structure with a 10.5-foot ceiling height. The space is divisible into units ranging from a minimum of 3,200 square feet to a maximum contiguous space of 9,800 square feet, accommodating a variety of business needs. Three drive-in doors provide convenient access, and the property is equipped with heavy power/3-phase electricity. The zoning is M, Industrial (Stanislaus County), making it suitable for various industrial uses including flex, warehouse, manufacturing, R&D, and showroom operations. The property includes three 3,200 SF spaces currently available, which can be combined for larger tenants. The landlord is willing to customize the build-out to meet the specific requirements of a qualified tenant. New bathrooms and climate control (insulation and air conditioning) are included in the renovation. This is a rare opportunity to secure a well-located, versatile industrial space in a thriving Modesto market.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1978
Construction TILT-UP CONCRETE
Total area 65,904 SF
Lot 2.44 ac (106,286 SF)
APN 029-012-101-000
UPID US09-1067268
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
  • Speer Floors General Contractor Renovation Specialist
  • One Stop Undercar Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.74M
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.86M
Blend (final) Blend
$5.74M
Owner & transaction history
Hermann Holdings LLC · 2 yrs held
Hermann Holdings LLC
since 2024
Last sale
$5.7M
6 recorded transactions
2024
$5.7M
2024
Price N/A
2007
Price N/A
1999
$2.3M
1996
$711,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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