Corner Warehouse
For Sale
$789,900
213 C Street, Turlock, CA 95380
For-sale warehouse on the corner of C Street and 3rd Street in Turlock, CA.
Property Size3,600 SF
Days on Market36
Property Features for 213 C Street
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
4
Zoning
Industrial
Amenities
12 to 18 Ft Ceilings, Conference Room, Restroom(s)-Private, Front Sign, Some Furnished Units, Hydrant(s), Kitchen Facilities, Landscaping
Curbs
Central Air
Central
Carport, Covered, Secured, Other, Gated
Building Details
Building Size
3,600 SF
Year Built
2005
Buildings
1
Stories
2
Listing Agency:
CENTURY 21 Select Real Estate, Inc.
(209) 988-5254
Listed By:
Clarence Oliveira Jr. · License #01225017
(209) 988-5254
Source:
Evrealestate
Added: Jul 27
Changed: Aug 26
Last Checked: Aug 30 at 3:02PM
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, Inc.
Investment Insights
Based on property information with market context.
This for-sale warehouse property is located on the left side of C Street and sits on the corner of C Street and 3rd Street. It is positioned for straightforward access from the surrounding street network based on the provided directions.
The property is in Stanislaus County and is reached via Highway 99, taking Lander Avenue northbound before turning right on C Street. The listed address is 213 C Street, Turlock, CA 95380.
Details on interior condition, size, and specific improvements are not provided in the available information.
The property is in Stanislaus County and is reached via Highway 99, taking Lander Avenue northbound before turning right on C Street. The listed address is 213 C Street, Turlock, CA 95380.
Details on interior condition, size, and specific improvements are not provided in the available information.
Key Highlights
- For‑sale warehouse on the corner of C Street and 3rd Street in Turlock, CA
- Located on the left side on C Street, at the C Street and 3rd Street intersection
- Directions: take Highway 99 to Lander Avenue (northbound), then right on C Street
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
$26,218
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
3.32%
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%
$524,360
$524.4K
Cap Rate 7%
$374,543
$374.5K
Cap Rate 9%
$291,311
$291.3K
Market Conditions
NOI Build-Up for 3,600 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
$32.4K $9.00/SF
− Vacancy
−$1.6K −$0.43/SF
EGI
$30.8K $8.57/SF
− OpEx
−$4.6K −$1.29/SF
NOI
$26.2K $7.28/SF
Area
Stanislaus County, CA
Vacancy
4.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$524,360
Cap Rate 7%
$374,543
Cap Rate 9%
$291,311
Alternative Uses
Best Use
Warehouse
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,127 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,400
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95380, CA
42,912
Population
15,682
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
73%
High-School Grad
77.2 sq mi
ZIP Area
556
Density / Sq Mi
$68,308
Median Household Income
$39,002
Median Earnings
$1,348
Median Rent
$410,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- First Street Self Storage — 422 S 1st St, Turlock, CA 95380
- Ben Allen Moving & Storage — 501 S Center St, Turlock, CA 95380
Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse on the corner of C Street and 3rd Street in Turlock, CA.
Where is this warehouse located?
The property is located at 213 C Street Turlock, CA.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: For‑sale warehouse on the corner of C Street and 3rd Street in Turlock, CA; Located on the left side on C Street, at the C Street and 3rd Street intersection; Directions: take Highway 99 to Lander Avenue (northbound), then right on C Street
