1212 12Th StModesto, CA 95354

Property Details for 1212 12Th St

Year built

1967

Construction

TILT-UP CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

4,472 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

105-020-003-000

APU

105020003000

Description

This exceptional 4,472-square-foot medical office building, located at 1212 12th Street in Modesto, California, presents a unique investment opportunity. Built in 1967 and situated on a 0.31-acre lot (APN 105-020-003), this property is currently vacant and offered at $1,050,000. The building boasts a comprehensive layout perfectly suited for dental practices, featuring seven exam rooms, four consult rooms, a sterile room, two lab spaces (one potentially sublettable), a reception and waiting area, four restrooms, a washer/dryer room, an x-ray room, a kitchen, a break room, and ample storage. The property includes 24 parking spaces, providing convenient access for patients and staff. Zoned UGD Urban General Downtown (equivalent to C-1), this stand-alone building benefits from its prime location, offering immediate access to residential areas, downtown businesses, government offices, and Highway 99. The building's plumbing and existing setup are turnkey for a dental practice and dental lab, minimizing setup costs for a new owner. This is an excellent opportunity to acquire a well-equipped, strategically located medical office building in a thriving California market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,320,373

  6.5%

  $1,218,806

  7%

  $1,131,748

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,247,286

  Geo Method

  $1,247,286

• Alternative Use

  Use

  Valuation

  Residential

  $1,511,320

  Hospitality

  $1,384,361

  Educational

  $1,151,772

  Medical

  $1,191,383

  Retail

  $1,791,645

Location Insight

City

Modesto

County

Stanislaus

State

California

Latitude

37.6444

Longitude

-121.001

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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