Building Details

Year Built 2007

Listing Agency: WEST ONE REAL ESTATE, INC. Show Phone

Listed By: JENNIFER WEST · License #01211033 Show Phone

Source: Corcoran

Added: May 15 Changed: Oct 8 Last Checked: Oct 11 at 6:27AM

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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 WEST ONE REAL ESTATE, INC.

Investment Insights

Based on property information with market context.

Located in Tracy Business Park, this light industrial warehouse/office condominium suite offers an investment opportunity. The property is situated in Building B and features approximately 1,948 square feet of office space with glass storefront entries and approximately 1,565 square feet of warehouse space. A 12' x 14' grade-level roll-up door provides access to the warehouse, which has a clear height of 20'-23'. The property includes skylights, a fire sprinkler system, and 200 Amp, 3-phase electrical service. There are two restrooms. Zoned PUD, the property is part of a Condominium Association with CCR's. The property is currently leased through February 2027. The multi-tenant business complex consists of approximately 86,181 total square feet on 5.09 acres, featuring gated access, professional landscaping, and steel frame/stucco construction. The property has convenient access directly off the I-205 freeway at the Tracy Blvd exit.

Key Highlights

• Leased through February 2027, providing immediate and stable cash flow.
• Convenient access directly off the I‑205 freeway at the Tracy Blvd exit.
• Desirable end unit offering added privacy and functionality.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,130

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$822,600 $822.6K

Cap Rate 7%

$587,571 $587.6K

Cap Rate 9%

$457,000 $457.0K

Market Conditions

NOI Build-Up for 3,513 SF

Gross rent

$66.6K $18.96/SF

− Vacancy

−$3.3K −$0.95/SF

EGI

$63.3K $18.01/SF

− OpEx

−$22.1K −$6.30/SF

NOI

$41.1K $11.71/SF

Area

San Joaquin County, CA

Vacancy

5.00%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$822,600

Cap Rate 7%

$587,571

Cap Rate 9%

$457,000

Alternative Uses

Best Use

Flex RnD

$587.6K

$514.1K – $685.5K (±1% cap)

NOI $41,130 @ 7.0% cap · market cap 4.20%

Second Best

Industrial

$541.1K

$473.4K – $631.2K (±1% cap)

NOI $37,874 @ 7.0% cap · market cap 3.86%

Theoretical Best

Office A

$771.5K

$675.0K – $900.0K (±1% cap)

NOI $54,002 @ 7.0% cap · market cap 5.51%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

611

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 95304, CA

16,210

Population

5,085

Households

3.2

Avg Household Size

38

Median Age

29%

College-Educated

84%

High-School Grad

153.5 sq mi

ZIP Area

106

Density / Sq Mi

$114,359

Median Household Income

$57,419

Median Earnings

$2,299

Median Rent

$869,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Light industrial warehouse/office condo in Tracy Business Park for sale.

Where is this flex space located?

The property is located at 12 W Larch #B19/ Tracy, CA.

What is the asking price?

The asking price for this property is $980,000.

What are key features of this property?

This property features: Leased through February 2027, providing immediate and stable cash flow.; Convenient access directly off the I‑205 freeway at the Tracy Blvd exit.; Desirable end unit offering added privacy and functionality.