Multi-Tenant Retail Building For
For Sale
$2,475,000
2517 Fremont Street, Stockton, CA 95205
Freestanding 17,692 SF retail building on 60,000 SF lot.
Property Size17,692 SF
Lot Size1.38 Acres
Price / SF$139.89
Days on Market241
Property Features for 2517 Fremont Street
General Information
Standard status
Active
Size
17,692 SF
Lot size
1.38 Acres
Property subtype
Commercial
Amenities
Central Forced Air Heating
Concrete Flooring
Tar & Gravel Roof
Building Details
Year Built
1976
Listing Agency:
NOVIA HOME, INC
(408) 887-1563
Listed By:
VINH DINH · License #01352876
Source:
Corcoran
Added: Dec 12, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:33PM
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 NOVIA HOME, INC
Investment Insights
Based on property information with market context.
The property is a freestanding multi-tenant retail building with four tenants. The building has 17,692 square feet of space and is situated on a 60,000 square foot lot. The property's location near the intersections of East Fremont Street and North Filbert Street provides access to amenities, public transportation, and freeways.
Key Highlights
- Freestanding multi‑tenant retail building.
- Building size: 17,692 square feet.
- Lot size: 60,000 square feet.
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
$208,429
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
8.42%
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%
$4,168,580
$4.2M
Cap Rate 7%
$2,977,557
$3.0M
Cap Rate 9%
$2,315,878
$2.3M
Market Conditions
NOI Build-Up for 17,692 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
$318.5K $18.00/SF
− Vacancy
−$20.7K −$1.17/SF
EGI
$297.8K $16.83/SF
− OpEx
−$89.3K −$5.05/SF
NOI
$208.4K $11.78/SF
Area
ZIP 95205
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,168,580
Cap Rate 7%
$2,977,557
Cap Rate 9%
$2,315,878
Alternative Uses
Best Use
Retail
$2.98M
$2.61M – $3.47M
NOI $208,429 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.69M
$4.11M – $5.48M
NOI $328,647 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95205, CA
40,720
Population
11,722
Households
3.5
Avg Household Size
30
Median Age
5%
College-Educated
56%
High-School Grad
9.0 sq mi
ZIP Area
4,524
Density / Sq Mi
$58,138
Median Household Income
$32,253
Median Earnings
$1,264
Median Rent
$288,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Freestanding 17,692 SF retail building on 60,000 SF lot.
Where is this shopping center located?
The property is located at 2517 Fremont Street Stockton, CA.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: Freestanding multi‑tenant retail building.; Building size: 17,692 square feet.; Lot size: 60,000 square feet.
