Grocery Retail Opportunity in
For Sale
Contact for pricing
1588-1616 E March Ln, Stockton, CA
Large retail space suitable for grocery business in Stockton, CA.
Property Size49,330 SF
Lot Size9.71 Acres
Price / SF$144.94
Days on Market629
Property Features for 1588-1616 E March Ln
General Information
Standard status
Active
Size
49,330 SF
Lot size
9.71 Acres
Property subtype
RETAIL
Listing Agency:
First Commercial Real Estate and Advisory Services
(209) 461-6400
Listed By:
Andy Le · License #02110117
(337) 852-1040
Source:
Moodyscre
Added: Jan 29, 2025
Changed: Oct 5
Last Checked: Oct 19 at 7:23AM
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
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Investment Insights
Based on property information with market context.
Located at 1616 E March Lane in Stockton, CA, this property offers a prominent location previously occupied by grocery retailers such as S-Mart Foods and Cocos Food International Market. Constructed in 1990, the expansive space encompasses approximately 49,330 square feet on a 4.05-acre lot. The property is suitable for an owner-user looking to establish or expand their grocery business. The layout and ample parking are designed to support large-scale operations. Its General Commercial zoning provides versatility for a modern grocery store setup.
Key Highlights
- Expansive 49,330 sq ft space on a 4.05‑acre lot, ideal for large‑scale operations.
- High‑visibility location on E March Lane, previously occupied by successful grocery retailers.
- Ample parking designed to support a high‑volume grocery business.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$634,655
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,693,100
$12.7M
Cap Rate 7%
$9,066,500
$9.1M
Cap Rate 9%
$7,051,722
$7.1M
Market Conditions
NOI Build-Up for 49,330 SF
Gross rent
$887.9K $18.00/SF
− Vacancy
−$41.7K −$0.85/SF
EGI
$846.2K $17.15/SF
− OpEx
−$211.6K −$4.29/SF
NOI
$634.7K $12.87/SF
Area
Stockton, CA
Vacancy
4.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,693,100
Cap Rate 7%
$9,066,500
Cap Rate 9%
$7,051,722
Alternative Uses
Best Use
Specialty Retail
$9.07M
$7.93M – $10.58M
NOI $634,655 @ 7.0% cap · market cap 8.88%
Second Best
Retail
$8.46M
$7.40M – $9.87M
NOI $592,345 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$13.34M
$11.67M – $15.56M
NOI $933,800 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Calaveras Square — 1019 E March Ln, Stockton, CA 95210
- Cocos Food — 1616 E March Ln, Stockton, CA 95210
- Cocos Food International Market — 1616 E March Ln, Stockton, CA 95210
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Large retail space suitable for grocery business in Stockton, CA.
Where is this grocery and convenience store located?
The property is located at 1588-1616 E March Ln Stockton, CA.
What is the asking price?
The asking price for this property is $7,150,000.
What are key features of this property?
This property features: Expansive 49,330 sq ft space on a 4.05‑acre lot, ideal for large‑scale operations.; High‑visibility location on E March Lane, previously occupied by successful grocery retailers.; Ample parking designed to support a high‑volume grocery business.
