Mixed-Use Property in Downtown
116 W Yosemite Ave, Manteca, CA
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Mixed-use property with retail and residential units in revitalizing downtown.
Type:RETAIL
Property size:
10,436 SFLot size:
0.17 AcresPrice / SF:
$153/SF- Added:
- Sep 24, 2025
- Days on Market:
- 241
- Last Refresh:
- Apr 5 at 9:15 pm
Property Features for 116 W Yosemite Ave
General Information
- Standard status
- Active
- Size
- 10,436 SF
- Lot size
- 0.17 Acres
- Property subtype
- RETAIL
Listing agent Andy Le License #CA 02110117 (337) 852-1040
Listing office First Commercial Real Estate and Advisory Services (337) 852-1040
Listing date Sep 24, 2025
Source Moodyscre
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 First Commercial Real Estate and Advisory Services
HighLights
- Prime Location: Corner of Yosemite Ave & Main St in revitalizing Downtown Manteca, near national tenants and transportation.
- On‑Site Parking: Rare and highly desirable feature in Downtown Manteca.
- Value‑Add Opportunity: Upside through retail rent adjustments, RUBS implementation, lease restructuring, and potential cosmetic upgrades.
- Diversified Income Streams from two ground‑floor retail storefronts and 18 residential units.
- Retail Upside: Below‑market retail leases offer flexibility to adjust rents or secure new tenants.
- Strong Historical Occupancy: Consistent residential demand and cash flow.
Overview
This mixed-use property features two ground-floor retail storefronts and 18 residential units, including 16 SRO units and 2 one-bedroom/one-bath units. The property benefits from diversified income streams. Both retail units are currently leased below market value, with one tenant on a month-to-month lease, offering the flexibility to adjust rents, secure new tenants, or reposition leases into NNN structures. There is an opportunity to implement a Ratio Utility Billing System (RUBS) to reduce ownership's overhead utility expenses and increase net operating income. An on-site manager provides daily oversight, ensures smooth operations, and supports long-term tenant retention and property stability. A rare and highly desirable feature in Downtown Manteca is the on-site parking, which provides convenient access for both tenants and customers, enhancing tenant retention, customer traffic, and long-term property value. The property has a strong historical occupancy with consistent residential demand and cash flow, with upside potential through proactive lease management. The property is located at the corner of Yosemite Ave & Main St, one of Downtown Manteca's busiest intersections, and is surrounded by national tenants including Wells Fargo, Bank of America, Chase, AutoZone, and Taco Bell. The property is benefiting from city investments in streetscape improvements, transit upgrades, business incentives, and a growing dining and entertainment scene. It is also located minutes from Highway 99 and the future ACE commuter rail extension, positioning the property to capture regional growth and rising rental demand. The property offers value-add opportunities through retail rent adjustments, RUBS implementation, lease restructuring, and potential cosmetic upgrades to residential units. The property size is 10436 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.43M
NOI $128,278 @ 9.00% cap · cautious / downside scenario
Moderate
$1.83M
NOI $128,278 @ 7.00% cap · market / base-case scenario
Aggressive
$2.57M
NOI $128,278 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $243.0k | $23.28 |
| − Vacancy | −$9.7k | −$0.93 |
| EGI | $233.2k | $22.35 |
| − OpEx | −$105.0k | −$10.06 |
| NOI | $128.3k | $12.29 |
10,436 SF · lease $23.28/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,278 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,344 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$2.29M
$2.01M – $2.67M
NOI $160,422 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Testosterone HGH LunaVital ...
Medical Clinic
Twice is Nice
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Manteca
- County
- San Joaquin
- State
- California
- Longitude
- -121.217
- Latitude
- 37.7971
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in revitalizing downtown.
Where is this mixed-use property located?
The property is located at 116 W Yosemite Ave Manteca, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime Location: Corner of Yosemite Ave & Main St in revitalizing Downtown Manteca, near national tenants and transportation.; On‑Site Parking: Rare and highly desirable feature in Downtown Manteca.; Value‑Add Opportunity: Upside through retail rent adjustments, RUBS implementation, lease restructuring, and potential cosmetic upgrades.
