Remodeled Office
New
For Sale
Contact for pricing
15 W 8th St, Tracy, CA 95376
A five-tenant office property in downtown Tracy offers a remodeled interior and exterior with private on-site parking.
Property Size5,500 SF
Price / SF$362.73
Days on Market3
Property Features for 15 W 8th St
General Information
Standard status
Active
Size
5,500 SF
Total Parking Spaces
16
Property subtype
OFFICE
Additional Details
Gross Income
$100,800
Building Details
Tenancy
Multi
Listing Agency:
Lee & Associates | Stockton
(209) 983-1111
Listed By:
Jim Martin, SIOR · License #01214270
(925) 352-6948
Source:
Moodyscre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:55AM
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 Lee & Associates | Stockton
Investment Insights
Based on property information with market context.
The 5,500-square-foot office building, historically known as the Tracy Hall of Justice, has been remodeled inside and out. Improvements include the roof, heating and air conditioning, paint, and flooring. Five tenants currently occupy the property on month-to-month leases, offering a multi-tenant configuration for continued leasing or owner occupancy. Private paved parking provides 16 striped stalls.
In downtown Tracy, the property is within walking distance of dining, retail, and banking. Tracy is approximately an hour from Sacramento, San Francisco, and San Jose.
In downtown Tracy, the property is within walking distance of dining, retail, and banking. Tracy is approximately an hour from Sacramento, San Francisco, and San Jose.
Key Highlights
- 5,500‑square‑foot office building historically known as the Tracy Hall of Justice
- Interior and exterior remodeling includes roof, heating and air conditioning, paint, and flooring
- Five tenants on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,370
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,400
$1.2M
Cap Rate 7%
$891,000
$891.0K
Cap Rate 9%
$693,000
$693.0K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$99.0K $18.00/SF
− Vacancy
−$15.8K −$2.88/SF
EGI
$83.2K $15.12/SF
− OpEx
−$20.8K −$3.78/SF
NOI
$62.4K $11.34/SF
Area
San Joaquin County, CA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,400
Cap Rate 7%
$891,000
Cap Rate 9%
$693,000
Alternative Uses
Best Use
Office B
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,546 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,968
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - A five-tenant office property in downtown Tracy offers a remodeled interior and exterior with private on-site parking.
Where is this office building located?
The property is located at 15 W 8th St Tracy, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 5,500‑square‑foot office building historically known as the Tracy Hall of Justice; Interior and exterior remodeling includes roof, heating and air conditioning, paint, and flooring; Five tenants on month‑to‑month leases
