Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    415 E Olive Ave Turlock, CA 95380

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $874,950

    Single-story office building with four fully occupied suites.

    Lot size:
    0.01 Acres

    Property Features for 415 E Olive Ave

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    0.01 Acres

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    David Sousa
    David Sousa
    Source: Elliman

    Listing Agency: ATLANTIC REALTY Listing Agent: David Sousa

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Fully Leased Turlock Office Building

    This is a single-story, fully-leased commercial office building located in downtown Turlock. The property includes four commercial suites, which are all currently occupied. The building is situated on a 6,250 sq ft lot. The suites offer flexible space for tenants, with individual suite sizes of approximately 1,086 sq ft, 583 sq ft, 538 sq ft, and 528 sq ft. The property features dedicated parking and high visibility, which supports tenant retention and income stability. The property is a turnkey investment with immediate income generation potential.
    Location Intelligence

    Current Use by Public Records

    Edwin George Real Estate Agency Ilse Tejeda Physician Suddenly Perfect Hair Salon Bethel Property Management Property Management Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Turlock
    County
    Stanislaus
    State
    California
    Longitude
    -120.8448025
    Latitude
    37.4973153

    Nearby Similar for Sale

    • $1,700,000
      1,932 SF

      Agricultural Land with Farmhouse in Turlock

      Large agricultural parcel with updated farmhouse near Turlock and HWY 99.
      2500 W Barnhart Rd, Turlock, CA 95382
      View Details
    • $850,000
      4,281 SF

      Updated Quadruplex in Turlock, CA

      Turnkey multi-unit investment property with four updated units.
      312 W Main St, Turlock, CA 95380
      View Details
    • $850,000
      0.32 Acres

      Updated Multi-Unit Investment Property

      Four updated units on a spacious lot near downtown Turlock.
      312 West Main St, Turlock, CA 95380
      View Details
    • $134,900

      Turlock Senior Park Home

      Charming 2-bedroom home in Turlock's vibrant senior community.
      500 N Tully Rd, Turlock, CA 95380
      View Details
    • Contact for pricing
      99,794 SF

      Turlock Cinema Plaza Shopping Center

      Shopping center adjacent to Freeway 99 ramps in Turlock, CA.
      2305-2353 W Main St, Turlock, CA 95380
      View Details
    • $850,000

      Turlock Multi-Unit Investment Opportunity

      Four updated units on a large lot near downtown Turlock.
      312 W Main St, Turlock, CA 95380
      View Details
    • $1,300,000

      Turlock Multifamily Property For Sale

      8-unit multifamily property with renovation upside in Turlock, CA.
      1036 N Olive Ave, Turlock, CA 95380
      View Details
    • $999,950

      Permitted Dairy Operation For Sale

      Fully-permitted dairy operation with residential units for owner-occupancy or income.
      3918 S Kilroy Rd, Turlock, CA 95380
      View Details
    • Contact for pricing
      6,501 SF

      Turlock Retail Investment Opportunity

      NNN leased retail property with long-term tenants and rent escalations.
      1203-1211 W Monte Vista Ave, Turlock, CA 95382
      View Details
    • Contact for pricing
      6,558 SF

      Former Medical Office Building

      6,558 SF medical office near Emanuel Hospital.
      800 Delbon Ave, Turlock, CA 95382
      View Details
    • Contact for pricing

      Gas Station and Car Wash Opportunity

      Land with approvals and permits for gas station and carwash.
      2700 Fulkerth Rd, Turlock, CA 95380
      View Details
    • Contact for pricing
      20,716 SF

      Downtown Turlock Commercial Space

      Combined commercial space in Downtown Turlock, ideal for diverse uses.
      250 Market St, Turlock, CA 95380
      View Details

    FAQs

    What type of property is this?
    Office building - Single-story office building with four fully occupied suites.
    Where is this office building located?
    The property is located at 415 E Olive Ave Turlock, CA.
    What is the asking price?
    The asking price for this property is $874,950.
    What are key features of this property?
    This property features: - Fully-leased commercial office building providing immediate income.; - Highly desirable downtown Turlock location.; - Ample dedicated parking.
    (209) 668-0501
    Request Owner's contact information
    415 E Olive Ave Turlock, CA 95380
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    415 E Olive Ave
    Turlock, CA 95380
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 E Olive Ave Turlock, CA 95380
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Sousa
    David Sousa
    (209) 668-0501
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!