Multi-Tenant Retail
For Sale
$3,500,000
1049 W Yosemite Ave, Manteca, CA 95337
Substantial commercial buildings on a sizable site along established W. Yosemite Avenue.
Property Size15,000 SF
Lot Size2.00 Acres
Price / SF$233.33
Days on Market205
Property Features for 1049 W Yosemite Ave
General Information
Standard status
Active
Size
15,000 SF
Lot size
2.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
HomeSmart PV and Associates
(209) 670-6865
Listed By:
Ashok Ralmilay · License #01882352
Source:
Homesofgreatersacramento
Added: Feb 6
Changed: Aug 30
Last Checked: Aug 30 at 12:44AM
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 retail property comprises approximately 15,000 square feet of multi-tenant commercial buildings on roughly 2 acres. The configuration offers multiple commercial spaces, with frontage and signage opportunities along W. Yosemite Avenue. An expansive lot provides on-site parking and multiple access points for customer, client, and delivery traffic.
The property is in Manteca near downtown and is surrounded by residential neighborhoods, restaurants, retail centers, schools, parks, entertainment venues, and healthcare facilities. Dutch Bros Coffee is among the nearby businesses. Regional connectivity is supported by access to major freeways and public transportation, while the established commercial corridor provides exposure to passing traffic.
The property is in Manteca near downtown and is surrounded by residential neighborhoods, restaurants, retail centers, schools, parks, entertainment venues, and healthcare facilities. Dutch Bros Coffee is among the nearby businesses. Regional connectivity is supported by access to major freeways and public transportation, while the established commercial corridor provides exposure to passing traffic.
Key Highlights
- Approximately 15,000 square feet of multi‑tenant commercial buildings
- Roughly 2 acres with on‑site parking
- Frontage and signage opportunities along W. Yosemite Avenue
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
—
—
no second resolved use
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
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Retail space - Substantial commercial buildings on a sizable site along established W. Yosemite Avenue.
Where is this retail space located?
The property is located at 1049 W Yosemite Ave 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: Approximately 15,000 square feet of multi‑tenant commercial buildings; Roughly 2 acres with on‑site parking; Frontage and signage opportunities along W. Yosemite Avenue
