25,000 SF Retail Shopping
For Sale
$5,016,626
3320 N Tracy Blvd, Tracy, CA 95376
Retail shopping center anchored by CVS Pharmacy.
Property Size25,000 SF
Price / SF$200.67
Days on Market348
Property Features for 3320 N Tracy Blvd
General Information
Standard status
Active
Size
25,000 SF
Property subtype
Retail
Building Details
Building Size
25,000 SF
Year Built
1986
Listing Agency:
Lee & Associates
(818) 581-7061
Listed By:
Brett Saunders · License ##01991011
(818) 581-7061
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Aug 21
Last Checked: Aug 22 at 3:53AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
The property is a retail shopping center with an approximate area of 25,000 square feet. The shopping center is anchored by a CVS Pharmacy.
Key Highlights
- Anchored by CVS Pharmacy.
- Retail Shopping Center.
- Approximately 25,000 SF.
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
$283,500
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
5.65%
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%
$5,670,000
$5.7M
Cap Rate 7%
$4,050,000
$4.1M
Cap Rate 9%
$3,150,000
$3.2M
Market Conditions
NOI Build-Up for 25,000 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
$450.0K $18.00/SF
− Vacancy
−$45.0K −$1.80/SF
EGI
$405.0K $16.20/SF
− OpEx
−$121.5K −$4.86/SF
NOI
$283.5K $11.34/SF
Area
San Joaquin County, CA
Vacancy
10.00%
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%
$5,670,000
Cap Rate 7%
$4,050,000
Cap Rate 9%
$3,150,000
Alternative Uses
Best Use
Retail
$4.05M
$3.54M – $4.73M
NOI $283,500 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.49M
$4.80M – $6.41M
NOI $384,300 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
329k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 30%
Home Improvements & Furnishings 7%
Apparel 2%
In-N-Out Burger
Dining
53,908 visits/mo
0.2 miles
McDonald's
Dining
40,847 visits/mo
0.2 miles
Dollar Tree
Shops & Services
25,840 visits/mo
0.3 miles
Starbucks
Dining
19,680 visits/mo
0.2 miles
ARCO
Shops & Services
18,848 visits/mo
0.1 miles
Demographics for 95376, CA
53,781
Population
17,270
Households
3.1
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
7,076
Density / Sq Mi
$103,493
Median Household Income
$49,078
Median Earnings
$2,023
Median Rent
$588,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mc Kinley Village Shopping Center — Tracy, CA 95376
- Tracy Plaza — Tracy, CA 95376
- VALLEY SHOPPING CENTER — 3262 N Tracy Blvd, Tracy, CA 95376
- Fountain Plaza — W Clover Rd, Tracy, CA 95376
Frequently Asked Questions
What type of property is this?
Shopping center - Retail shopping center anchored by CVS Pharmacy.
Where is this shopping center located?
The property is located at 3320 N Tracy Blvd Tracy, CA.
What is the asking price?
The asking price for this property is $5,016,626.
What are key features of this property?
This property features: Anchored by CVS Pharmacy.; Retail Shopping Center.; Approximately 25,000 SF.
