Automotive
For Sale
$3,500,000
1023 W Yosemite Avenue, Manteca, CA 95337
Automotive property with C-G zoning and open exterior space.
Property Size15,000 SF
Days on Market94
Property Features for 1023 W Yosemite Avenue
General Information
Standard status
Active
Size
15,000 SF
Zoning
C-G
Lease Term
Month To Month
Amenities
Multiple Tenant Building, See Remarks
See Remarks
Open, See Remarks, On Street
Building Details
Building Size
15,000 SF
Listing Agency:
HomeSmart PV and Associates
(209) 670-6865
Listed By:
Ashok Ralmilay · License #01882352
(209) 670-6865
Source:
Evrealestate
Added: May 29
Changed: Aug 29
Last Checked: Aug 29 at 5:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart PV and Associates
Investment Insights
Based on property information with market context.
This automotive property at 1023 W Yosemite Avenue includes open exterior space and on-street exterior features. The property is situated within the C-G zoning designation.
Access is provided from CA-120 via S Union Road and W Yosemite Avenue. The property is located in San Joaquin County.
Access is provided from CA-120 via S Union Road and W Yosemite Avenue. The property is located in San Joaquin County.
Key Highlights
- C‑G zoning designation
- Open exterior space
- On‑street exterior features
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$170,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,402,000
$3.4M
Cap Rate 7%
$2,430,000
$2.4M
Cap Rate 9%
$1,890,000
$1.9M
Market Conditions
NOI Build-Up for 15,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$270.0K $18.00/SF
− Vacancy
−$27.0K −$1.80/SF
EGI
$243.0K $16.20/SF
− OpEx
−$72.9K −$4.86/SF
NOI
$170.1K $11.34/SF
Area
San Joaquin County, CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,402,000
Cap Rate 7%
$2,430,000
Cap Rate 9%
$1,890,000
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,100 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$2.31M
$2.02M – $2.70M
NOI $161,715 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,580 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95337, CA
44,476
Population
14,193
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
86%
High-School Grad
45.4 sq mi
ZIP Area
980
Density / Sq Mi
$110,132
Median Household Income
$55,348
Median Earnings
$2,049
Median Rent
$611,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 420 W Yosemite Ave, Manteca, CA 95337
Frequently Asked Questions
What type of property is this?
Automotive property - Automotive property with C-G zoning and open exterior space.
Where is this automotive property located?
The property is located at 1023 W Yosemite Avenue Manteca, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: C‑G zoning designation; Open exterior space; On‑street exterior features
