Medical Office
For Sale
$1,499,000
5309 Carrington Circle, Stockton, CA 95210
Well-configured office building with numerous exam rooms and gated parking in Stockton.
Property Size4,897 SF
Price / SF$306.11
Days on Market462
Property Features for 5309 Carrington Circle
General Information
Standard status
Active
Size
4,897 SF
Property subtype
Office
Amenities
Central Air
3
Commercial
Public.
Building Details
Year Built
1984
Listing Agency:
6638680
Listed By:
Real Broker Technologies
8187577
Source:
Xome
Added: Jun 3, 2025
Changed: Sep 1
Last Checked: Sep 7 at 6:19AM
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 Real Broker Technologies
Investment Insights
Based on property information with market context.
This for-sale commercial office building is presented with a highly functional medical layout, including multiple full examination rooms, mini exam rooms, and supporting spaces. The existing configuration is designed for immediate use, while still allowing room to tailor or expand the space to fit a healthcare-related practice’s needs.
Located at 5309 Carrington Circle in Stockton, the property is described as being in close proximity to multiple major hospitals, supporting convenient access for practitioners and patients. The building also includes private, gated parking intended to provide secure and convenient access for staff and visitors.
Located at 5309 Carrington Circle in Stockton, the property is described as being in close proximity to multiple major hospitals, supporting convenient access for practitioners and patients. The building also includes private, gated parking intended to provide secure and convenient access for staff and visitors.
Key Highlights
- Commercial office building built in 1984 with central air and heating.
- Medical‑focused layout with numerous full exam rooms, mini exam rooms, and support spaces.
- Zoned Commercial for medical/healthcare and related office uses.
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
$55,532
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
3.70%
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%
$1,110,640
$1.1M
Cap Rate 7%
$793,314
$793.3K
Cap Rate 9%
$617,022
$617.0K
Market Conditions
NOI Build-Up for 4,897 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
$88.1K $18.00/SF
− Vacancy
−$14.1K −$2.88/SF
EGI
$74.0K $15.12/SF
− OpEx
−$18.5K −$3.78/SF
NOI
$55.5K $11.34/SF
Area
ZIP 95210
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%
$1,110,640
Cap Rate 7%
$793,314
Cap Rate 9%
$617,022
Alternative Uses
Best Use
Office B
$793.3K
$694.2K – $925.5K
NOI $55,532 @ 7.0% cap · market cap 3.70%
Second Best
Healthcare Medical
$773.9K
$677.1K – $902.9K
NOI $54,171 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.08M
$941.0K – $1.25M
NOI $75,277 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95210, CA
41,378
Population
12,623
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
74%
High-School Grad
7.6 sq mi
ZIP Area
5,444
Density / Sq Mi
$65,411
Median Household Income
$35,658
Median Earnings
$1,450
Median Rent
$336,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-configured office building with numerous exam rooms and gated parking in Stockton.
Where is this medical office space located?
The property is located at 5309 Carrington Circle Stockton, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Commercial office building built in 1984 with central air and heating.; Medical‑focused layout with numerous full exam rooms, mini exam rooms, and support spaces.; Zoned Commercial for medical/healthcare and related office uses.
