Industrial Flex
For Sale
$560,000
Pending
1416 Mariani Ct Unit 120, Tracy, CA 95376
Light-industrial condominium with office space, a restroom, grade-level loading, and three-phase electrical service.
Property Size1,963 SF
Days on Market202
Property Features for 1416 Mariani Ct Unit 120
General Information
Standard status
Pending
Size
1,963 SF
Property subtype
Commercial
Zoning
M-1
Warehouse & Industrial
Office Build-Out
440 SF
Drive-In Doors
1
Power
200 amps
Three-Phase Power
Yes
Additional Details
HOA Fee
$250
Office Units
1
Listing Agency:
Souza Realty & Development
(209) 835-8330
Listed By:
Michael Glazzy · License #01204579
Source:
Sacramentoareahouses
Added: Feb 8
Changed: Aug 28
Last Checked: Aug 25 at 7:36AM
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 Souza Realty & Development
Investment Insights
Based on property information with market context.
This 1,963 SF industrial condominium combines approximately 440 SF of office area with one restroom and a grade-level door. The layout provides a practical mix of administrative and industrial space within an M-1 Light Industrial zoning district under the City of Tracy designation.
Electrical service includes 200A, 3 Phase power. The property is located at 1416 Mariani Ct, Unit 120, in Tracy, California, and is offered for sale.
Electrical service includes 200A, 3 Phase power. The property is located at 1416 Mariani Ct, Unit 120, in Tracy, California, and is offered for sale.
Key Highlights
- 1,963 SF industrial condominium
- Approximately 440 SF of office space
- One restroom and one grade‑level door
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
$27,579
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
4.92%
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%
$551,580
$551.6K
Cap Rate 7%
$393,986
$394.0K
Cap Rate 9%
$306,433
$306.4K
Market Conditions
NOI Build-Up for 1,963 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
$33.4K $17.04/SF
− Vacancy
−$1.0K −$0.51/SF
EGI
$32.4K $16.53/SF
− OpEx
−$4.9K −$2.48/SF
NOI
$27.6K $14.05/SF
Area
San Joaquin County, CA
Vacancy
3.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
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%
$551,580
Cap Rate 7%
$393,986
Cap Rate 9%
$306,433
Alternative Uses
Best Use
Warehouse
$394.0K
$344.7K – $459.7K
NOI $27,579 @ 7.0% cap · market cap 4.92%
Second Best
Flex RnD
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$431.1K
$377.2K – $502.9K
NOI $30,175 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
1
Office units
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95376, CA
53,781
Population
17,270
Households
3.1
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
7,076
Density / Sq Mi
$103,493
Median Household Income
$49,078
Median Earnings
$2,023
Median Rent
$588,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Los Primos Tex Mex Food — 2365 East St, Tracy, CA 95376
Frequently Asked Questions
What type of property is this?
Flex space - Light-industrial condominium with office space, a restroom, grade-level loading, and three-phase electrical service.
Where is this flex space located?
The property is located at 1416 Mariani Ct Unit 120 Tracy, CA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,963 SF industrial condominium; Approximately 440 SF of office space; One restroom and one grade‑level door
