Office Building for
For Sale
$1,795,000
3700 Geer Road, Turlock, CA 95382
Office building available for sale at 3700 Geer Road in Turlock, California.
Property Size2,852 SF
Price / SF$629.38
Days on Market414
Property Features for 3700 Geer Road
General Information
Standard status
Active
Size
2,852 SF
Property subtype
Office
Amenities
Central Air
3
Mixed Use
Building Details
Year Built
1999
Listing Agency:
Century 21 Select Real Estate
6676111
Listed By:
Daniel Eshagh
2325584
Source:
Xome
Added: Jul 18, 2025
Changed: Sep 2
Last Checked: Sep 4 at 2:40AM
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 Century 21 Select Real Estate
Investment Insights
Based on property information with market context.
This office building is being offered for sale at 3700 Geer Road in Turlock, CA. The property totals approximately 2,852 square feet, and is listed at $1,795,000.
The offering is classified as office space, with the property presented as a commercial real estate asset suitable for an office use. For additional details on the interior layout and current condition, interested parties should contact the listing broker.
The offering is classified as office space, with the property presented as a commercial real estate asset suitable for an office use. For additional details on the interior layout and current condition, interested parties should contact the listing broker.
Key Highlights
- Office building for sale at 3700 Geer Road in Turlock, California
- Built in 1999
- Central air cooling
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
$82,587
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
4.60%
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%
$1,651,740
$1.7M
Cap Rate 7%
$1,179,814
$1.2M
Cap Rate 9%
$917,633
$917.6K
Market Conditions
NOI Build-Up for 2,852 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
$128.3K $45.00/SF
− Vacancy
−$18.2K −$6.39/SF
EGI
$110.1K $38.61/SF
− OpEx
−$27.5K −$9.65/SF
NOI
$82.6K $28.96/SF
Area
Stanislaus County, CA
Vacancy
14.20%
Lease Rate
$45.00 /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%
$1,651,740
Cap Rate 7%
$1,179,814
Cap Rate 9%
$917,633
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,587 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,791 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 95382, CA
38,702
Population
14,167
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
3,551
Density / Sq Mi
$93,592
Median Household Income
$51,258
Median Earnings
$1,790
Median Rent
$483,100
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 - Office building available for sale at 3700 Geer Road in Turlock, California.
Where is this office building located?
The property is located at 3700 Geer Road Turlock, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Office building for sale at 3700 Geer Road in Turlock, California; Built in 1999; Central air cooling
