Citibank NNN Retail
2000 Geer Road Turlock, CA 95382
For Sale
$2,700,000
Commercial building in Turlock is leased to Citibank under an NNN structure with nearly 14 years remaining.
Property Size4,255 SF
Lot Size0.81 Acres
Price / SF$634.55
Days on Market575
Property Features for 2000 Geer Road
General Information
- Standard status
- Active
- Size
- 4,255 SF
- Lot size
- 0.81 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing Agency:
Century 21 Select Real Estate
6047691
Listed By:
Wilbert Amador
6047691
Source:
Xome
Added: Dec 25, 2024
Changed: Jul 23
Last Checked: Jul 23 at 11:50AM
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 Century 21 Select Real Estate
Investment Insights
Based on property information with market context.
This commercial building totals 4,255 square feet and sits on a 35,309 square foot lot within the city limits of Turlock. The property is currently leased to Citibank.
The offering is described as an NNN lease with nearly 14 years remaining on the current contract. The public remarks also note a strong annual deposits history for this Citibank branch.
No further details were provided on building condition, recent improvements, or specific frontage/access features.
The offering is described as an NNN lease with nearly 14 years remaining on the current contract. The public remarks also note a strong annual deposits history for this Citibank branch.
No further details were provided on building condition, recent improvements, or specific frontage/access features.
Key Highlights
- 4,255 sq ft commercial building on a 35,309 sq ft lot in the city limits of Turlock, CA
- Leased to Citibank under an NNN structure with nearly 14 years remaining on the current contract
- Zoned Commercial
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.3k | $37.20 |
| − Vacancy | −$16.3k | −$3.83 |
| EGI | $142.0k | $33.37 |
| − OpEx | −$42.6k | −$10.01 |
| NOI | $99.4k | $23.36 |
4,255 SF · lease $37.20/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,388 @ 7.0% cap · market cap 3.68%
Second Best
Specialty Retail
$943.4K
$825.5K – $1.10M
NOI $66,036 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,438 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Citi
Bank
Citibank ATM
Atm
FAQs
What type of property is this?
Bank - Commercial building in Turlock is leased to Citibank under an NNN structure with nearly 14 years remaining.
Where is this bank located?
The property is located at 2000 Geer Road Turlock, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 4,255 sq ft commercial building on a 35,309 sq ft lot in the city limits of Turlock, CA; Leased to Citibank under an NNN structure with nearly 14 years remaining on the current contract; Zoned Commercial
