19 Del Puerto AvePatterson, CA 95363

Property Details for 19 Del Puerto Ave

Year built

1953

Construction

TILT-UP CONCRETE

Lot size

0.04 AC

Property size (Sq ft)

1,607 SF

Property type

Retail properties

Property subtype

Retail space

APN

131-015-003-000

APU

131015003000

Description

This exceptional retail storefront investment opportunity is located at 19 S Del Puerto Ave, Patterson, CA 95363. The property boasts a prime location in the heart of Patterson's downtown core, directly adjacent to City Hall and conveniently situated near the Patterson Circle. This 1,625 square foot building features two occupied units, offering a current NOI of $19,399 and a 3.46% cap rate. The pro-forma NOI is $11,873, resulting in a pro-forma cap rate of 2.12%. Built in 1953, the property sits on a 0.037-acre lot and is zoned for Downtown Core use (APN: 131-015-003-000). The asking price is $560,000, translating to a price per square foot of $344.62. This multi-tenant property presents a strong investment opportunity with excellent potential for future growth and return, given its strategic location and current 100% occupancy. The property's central location ensures high visibility and accessibility for businesses, making it an attractive investment for both seasoned and new investors seeking a stable and profitable retail asset in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $697,474

  6.5%

  $643,822

  7%

  $597,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,129,485

  Geo Method

  $1,129,485

• Alternative Use

  Use

  Valuation

  Residential

  $543,088

  Hospitality

  $497,466

  Educational

  $413,886

  Medical

  $428,120

  Retail

  $643,822

Location Insight

City

Patterson

County

Stanislaus

State

California

Latitude

37.4708

Longitude

-121.131

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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