Office Space for
For Sale
$357,000
26263 N Thornton Road, Thornton, CA 95686
Office space offered for sale at 26263 N Thornton Road in San Joaquin County, with directions available via HWY 5 access.
Property Size1,135 SF
Days on Market14
Property Features for 26263 N Thornton Road
General Information
Standard status
Active
Size
1,135 SF
Zoning
C-G
Amenities
Washer/Dryer Owned, Other
Central Air, Other
Central, Other
On Street
Building Details
Building Size
1,135 SF
Year Built
1939
Stories
1
Listing Agency:
(650) 629-5224
Listed By:
Ernie V. Walker · License #02026134
(650) 629-5224
Source:
Evrealestate
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 8 at 5:43AM
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 Ernie V. Walker
Investment Insights
Based on property information with market context.
This office space is available for sale at 26263 N Thornton Road in Thornton, California, within San Joaquin County. The property is presented as office units and office space, suitable for office-based operations.
Access directions are provided from HWY 5: exit Thornton Rd/Walnut Grove, then turn right on W. Walnut Grove to Thornton Rd. The listing does not provide additional interior or configuration details beyond the office-focused classification.
Interested parties should confirm specific unit layout, buildout, and any included features directly with the listing broker prior to visiting.
Access directions are provided from HWY 5: exit Thornton Rd/Walnut Grove, then turn right on W. Walnut Grove to Thornton Rd. The listing does not provide additional interior or configuration details beyond the office-focused classification.
Interested parties should confirm specific unit layout, buildout, and any included features directly with the listing broker prior to visiting.
Key Highlights
- Office space for sale at 26263 N Thornton Road in San Joaquin County
- Year built: 1939
- Central air cooling and central heating (plus other HVAC components)
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
$12,871
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
3.61%
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%
$257,420
$257.4K
Cap Rate 7%
$183,871
$183.9K
Cap Rate 9%
$143,011
$143.0K
Market Conditions
NOI Build-Up for 1,135 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
$20.4K $18.00/SF
− Vacancy
−$3.3K −$2.88/SF
EGI
$17.2K $15.12/SF
− OpEx
−$4.3K −$3.78/SF
NOI
$12.9K $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%
$257,420
Cap Rate 7%
$183,871
Cap Rate 9%
$143,011
Alternative Uses
Best Use
Office B
$183.9K
$160.9K – $214.5K
NOI $12,871 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.2K
$218.1K – $290.8K
NOI $17,447 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 95686, CA
1,338
Population
411
Households
3.3
Avg Household Size
38
Median Age
11%
College-Educated
68%
High-School Grad
32.4 sq mi
ZIP Area
41
Density / Sq Mi
$43,482
Median Household Income
$29,286
Median Earnings
$864
Median Rent
$429,800
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 units - Office space offered for sale at 26263 N Thornton Road in San Joaquin County, with directions available via HWY 5 access.
Where is this office units located?
The property is located at 26263 N Thornton Road Thornton, CA.
What is the asking price?
The asking price for this property is $357,000.
What are key features of this property?
This property features: Office space for sale at 26263 N Thornton Road in San Joaquin County; Year built: 1939; Central air cooling and central heating (plus other HVAC components)
