Freestanding Office
For Sale
Contact for pricing
2140 W GRANT LINE RD, Tracy, CA 95304
GHC-zoned office property with direct access to Interstate 205 and connections to major regional routes.
Property Size7,411 SF
Price / SF$398.06
Days on Market10
Property Features for 2140 W GRANT LINE RD
General Information
Standard status
Active
Size
7,411 SF
Class
B
Total Parking Spaces
105
Property subtype
Office
Zoning
GHC
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2007
Buildings
1
Stories
2
Units
1
Listing Agency:
KW Commercial
Listed By:
Bill Johnson · License #CA 01992157
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 16 at 6:34AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This freestanding office building contains 7411 square feet and was constructed in 2007. The property is zoned GHC and occupies 2140 W GRANT LINE RD in Tracy, California, along the Grant Line Road corridor.
Interstate 205 is immediately accessible, with connections to Interstate 5, Interstate 580, and the broader Bay Area. The surrounding commercial district includes national retailers, restaurants, medical users, financial institutions, and established residential neighborhoods. The site also benefits from ingress and egress serving local residents and Bay Area commuters.
Interstate 205 is immediately accessible, with connections to Interstate 5, Interstate 580, and the broader Bay Area. The surrounding commercial district includes national retailers, restaurants, medical users, financial institutions, and established residential neighborhoods. The site also benefits from ingress and egress serving local residents and Bay Area commuters.
Key Highlights
- 7411 square feet of office space
- Freestanding building constructed in 2007
- GHC zoning designation
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
$84,041
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
2.85%
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%
$1,680,820
$1.7M
Cap Rate 7%
$1,200,586
$1.2M
Cap Rate 9%
$933,789
$933.8K
Market Conditions
NOI Build-Up for 7,411 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
$133.4K $18.00/SF
− Vacancy
−$21.3K −$2.88/SF
EGI
$112.1K $15.12/SF
− OpEx
−$28.0K −$3.78/SF
NOI
$84.0K $11.34/SF
Area
San Joaquin County, CA
Vacancy
16.00%
Lease Rate
$18.00 /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%
$1,680,820
Cap Rate 7%
$1,200,586
Cap Rate 9%
$933,789
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,041 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,922 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - GHC-zoned office property with direct access to Interstate 205 and connections to major regional routes.
Where is this office building located?
The property is located at 2140 W GRANT LINE RD Tracy, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 7411 square feet of office space; Freestanding building constructed in 2007; GHC zoning designation
