Safeway Grocery
For Sale
Contact for pricing
19555 Mountain House Parkway, Tracy, CA 95304
The grocery property was built in 2022 and occupies a substantial commercial footprint.
Property Size55,822 SF
Price / SF$349.32
Days on Market10
Property Features for 19555 Mountain House Parkway
General Information
Standard status
Active
Size
55,822 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Hanley Investment Group
(949) 585-7648
Listed By:
Sean Cox · License #CA 02114392
Source:
Crexi
Added: Jul 29
Changed: Aug 5
Last Checked: Aug 7 at 5:03AM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
Identified as a Safeway grocery property, this 55,822-square-foot asset was built in 2022. The available property information supports its classification as a grocery and convenience store asset within the broader retail category.
The property is located at 19555 Mountain House Parkway in Tracy, California, with a 95304 ZIP code. Its recent construction date and substantial building area provide the primary physical facts available for evaluating the property.
The property is located at 19555 Mountain House Parkway in Tracy, California, with a 95304 ZIP code. Its recent construction date and substantial building area provide the primary physical facts available for evaluating the property.
Key Highlights
- 55,822‑square‑foot grocery property
- Built in 2022
- Located at 19555 Mountain House Parkway, Tracy, CA 95304
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
$839,206
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
4.30%
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%
$16,784,120
$16.8M
Cap Rate 7%
$11,988,657
$12.0M
Cap Rate 9%
$9,324,511
$9.3M
Market Conditions
NOI Build-Up for 55,822 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
$1.21M $21.60/SF
− Vacancy
−$86.8K −$1.56/SF
EGI
$1.12M $20.04/SF
− OpEx
−$279.7K −$5.01/SF
NOI
$839.2K $15.03/SF
Area
San Joaquin County, CA
Vacancy
7.20%
Lease Rate
$21.60 /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%
$16,784,120
Cap Rate 7%
$11,988,657
Cap Rate 9%
$9,324,511
Alternative Uses
Best Use
Specialty Retail
$11.99M
$10.49M – $13.99M
NOI $839,206 @ 7.0% cap · market cap 4.30%
Second Best
Retail
$9.04M
$7.91M – $10.55M
NOI $633,021 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$12.26M
$10.73M – $14.30M
NOI $858,096 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
4,760 visits/mo
0.2 miles
Demographics for 95304, CA
16,210
Population
5,085
Households
3.2
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
153.5 sq mi
ZIP Area
106
Density / Sq Mi
$114,359
Median Household Income
$57,419
Median Earnings
$2,299
Median Rent
$869,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Safeway — 19555 Mountain House Pkwy, Mountain House, CA 95391
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The grocery property was built in 2022 and occupies a substantial commercial footprint.
Where is this grocery and convenience store located?
The property is located at 19555 Mountain House Parkway Tracy, CA.
What is the asking price?
The asking price for this property is $19,500,000.
What are key features of this property?
This property features: 55,822‑square‑foot grocery property; Built in 2022; Located at 19555 Mountain House Parkway, Tracy, CA 95304
