Industrial Warehouse Space
For Sale
$2,091,000
301 E Wetmore St, Manteca, CA 95337
12,000 sqft warehouse for sale.
Property Size12,000 SF
Price / SF$174.25
Days on Market128
Property Features for 301 E Wetmore St
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Warehouse
Amenities
Extremely rare ±12,000 square foot industrial building in Manteca featuring a loading dock and excess yard space.
For sale or lease and deliverable vacant within 60-90 days notice.
Features metal construction, one (1) loading dock, two (2) large gradelevel doors, ± 16-foot clear height, a wet fire sprinkler system, office space, and excess fenced yard space.
Strategically located near State Route 120, offering convenient access to Interstate 5, Interstate 205, and Highway 99.
Building Details
Building Size
12,000 SF
Year Built
2026
Listing Agency:
Marcus & Millichap - Sacramento
(916) 724-1328
Listed By:
Abdullah Sulaiman · License #License(s): CA: 02122226
(916) 724-1328
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Aug 8 at 3:01PM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 12,000 square foot industrial warehouse. The property is located on E Wetmore St, Manteca, CA.
Key Highlights
- Year Built: 2026 (New Construction)
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
$168,594
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
8.06%
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%
$3,371,880
$3.4M
Cap Rate 7%
$2,408,486
$2.4M
Cap Rate 9%
$1,873,267
$1.9M
Market Conditions
NOI Build-Up for 12,000 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
$204.5K $17.04/SF
− Vacancy
−$6.1K −$0.51/SF
EGI
$198.3K $16.53/SF
− OpEx
−$29.8K −$2.48/SF
NOI
$168.6K $14.05/SF
Area
San Joaquin County, CA
Vacancy
3.00%
Lease Rate
$17.04 /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%
$3,371,880
Cap Rate 7%
$2,408,486
Cap Rate 9%
$1,873,267
Alternative Uses
Best Use
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,594 @ 7.0% cap · market cap 8.06%
Second Best
Industrial
$1.85M
$1.62M – $2.16M
NOI $129,372 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$2.64M
$2.31M – $3.07M
NOI $184,464 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95337, CA
44,476
Population
14,193
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
86%
High-School Grad
45.4 sq mi
ZIP Area
980
Density / Sq Mi
$110,132
Median Household Income
$55,348
Median Earnings
$2,049
Median Rent
$611,200
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.
Similar Off Market Nearby
- Eckert Cold Storage Co — 757 Moffat Blvd, Manteca, CA 95336
- Stuff N Storage — 1139 Vanderbilt Cir, Manteca, CA 95337
- Self-Storage at U-Haul — 1190 S Main St, Manteca, CA 95337
- Extra Space Storage — 652 S Main St, Manteca, CA 95337
Frequently Asked Questions
What type of property is this?
Warehouse - 12,000 sqft warehouse for sale.
Where is this warehouse located?
The property is located at 301 E Wetmore St Manteca, CA.
What is the asking price?
The asking price for this property is $2,091,000.
What are key features of this property?
This property features: Year Built: **2026 (New Construction)**
