Freestanding Dental Office
For Sale
$825,000
1616 North Harrison Street, Stockton, CA 95204
Turnkey dental office with income potential in Central Stockton.
Property Size3,995 SF
Price / SF$206.51
Days on Market150
Property Features for 1616 North Harrison Street
General Information
Standard status
Active
Size
3,995 SF
Property subtype
Office
Listing Agency:
CBRE | Central Valley
(209) 476-2907
Listed By:
Brian Peterson · License #01218738
(209) 476-2907
Source:
Cbre
Added: Mar 25
Changed: Aug 18
Last Checked: Aug 20 at 7:21AM
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 CBRE | Central Valley
Investment Insights
Based on property information with market context.
Located in Central Stockton, this well-maintained, approximately 3,995 square foot freestanding dental office building presents an opportunity for an owner-user. The property features a functional and modern dental suite, suitable for dental, medical, or other healthcare-related uses. The building includes a reception/waiting area, 5 operatories with plumbing, a full dental lab, two interior restrooms, and a breakroom. In addition to the main clinical space, the building includes two separate, private office suites with their own entrances, utility meters, and restrooms, positioned to be leased to third-party tenants, allowing the owner to offset operational expenses through supplemental rental income. The location serves a dense residential population of 23,353 residents within a 1 mile radius as of the 2020 census. The property is in close proximity to I-5, University of the Pacific campus, and Stockton's Miracle Mile, featuring numerous dining options, retail amenities and professional services. This property is an excellent owner-user opportunity for a dental or medical practitioner with the ability to expand into adjacent suites or generate income through third party leasing.
Key Highlights
- Turnkey dental office building (approx. 3,995 SF) with a modern, fully functional dental suite including 5 operatories with plumbing and a full dental lab.
- Opportunity to generate rental income from two separate, private office suites with individual entrances, utility meters, and restrooms.
- Excellent owner‑user opportunity for dental, medical, or other healthcare‑related practices with expansion potential.
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
$61,060
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
7.40%
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%
$1,221,200
$1.2M
Cap Rate 7%
$872,286
$872.3K
Cap Rate 9%
$678,444
$678.4K
Market Conditions
NOI Build-Up for 3,995 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
$87.7K $21.96/SF
− Vacancy
−$6.3K −$1.58/SF
EGI
$81.4K $20.38/SF
− OpEx
−$20.4K −$5.09/SF
NOI
$61.1K $15.28/SF
Area
Stockton, CA
Vacancy
7.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,221,200
Cap Rate 7%
$872,286
Cap Rate 9%
$678,444
Alternative Uses
Best Use
Office B
$872.3K
$763.3K – $1.02M
NOI $61,060 @ 7.0% cap · market cap 7.40%
Second Best
Healthcare Medical
$849.8K
$743.6K – $991.4K
NOI $59,484 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.08M
$945.3K – $1.26M
NOI $75,624 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,316
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95204, CA
30,719
Population
12,354
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
5,796
Density / Sq Mi
$71,792
Median Household Income
$42,361
Median Earnings
$1,381
Median Rent
$358,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey dental office with income potential in Central Stockton.
Where is this medical office space located?
The property is located at 1616 North Harrison Street Stockton, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Turnkey dental office building (approx. 3,995 SF) with a modern, fully functional dental suite including 5 operatories with plumbing and a full dental lab.; Opportunity to generate rental income from two separate, private office suites with individual entrances, utility meters, and restrooms.; Excellent owner‑user opportunity for dental, medical, or other healthcare‑related practices with expansion potential.
