Stockton Office Investment
For Sale
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6653 Embarcadero Drive, Stockton, CA 95219
Professionally positioned office investment property in Stockton, California.
Property Size10,858 SF
Price / SF$193.41
Days on Market103
Property Features for 6653 Embarcadero Drive
General Information
Standard status
Active
Size
10,858 SF
Property subtype
Office
Investment Type
Stabilized
Net Operating Income
$126,205
Building Details
Tenancy
Single
Listing Agency:
Partners Commercial Real Estate
Listed By:
Suzanne Grande · License #CA 01080467
Source:
Crexi
Added: May 20
Changed: Aug 9
Last Checked: Aug 29 at 5:12PM
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 Partners Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 6653 Embarcadero Drive in Stockton, California, presents an opportunity to acquire a professionally positioned office investment. The building has approximately 10,858 square feet. It is located in one of Stockton's established commercial corridors, offering investors a stabilized asset with projected rental growth and long-term income potential. Based upon projected market rental rates of approximately $1.75 per square foot monthly, the property is projected to generate the following income: $228,900 in 2026, $235,767 in 2027, $242,840 in 2028 and $250,125 in 2029. Vacancy assumptions are projected at approximately 5% beginning in 2026.
Key Highlights
- Stabilized office asset offering long‑term income potential.
- Projected rental growth in Stockton's established commercial corridor.
- Property size of approximately 10,858 square feet.
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
$165,955
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
7.90%
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%
$3,319,100
$3.3M
Cap Rate 7%
$2,370,786
$2.4M
Cap Rate 9%
$1,843,944
$1.8M
Market Conditions
NOI Build-Up for 10,858 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
$238.4K $21.96/SF
− Vacancy
−$17.2K −$1.58/SF
EGI
$221.3K $20.38/SF
− OpEx
−$55.3K −$5.09/SF
NOI
$166.0K $15.28/SF
Area
Stockton, CA
Vacancy
7.20%
Lease Rate
$21.96 /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%
$3,319,100
Cap Rate 7%
$2,370,786
Cap Rate 9%
$1,843,944
Alternative Uses
Best Use
Office B
$2.37M
$2.07M – $2.77M
NOI $165,955 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,538 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 95219, CA
29,392
Population
11,817
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
91%
High-School Grad
116.9 sq mi
ZIP Area
251
Density / Sq Mi
$105,300
Median Household Income
$54,426
Median Earnings
$1,855
Median Rent
$539,900
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 - Professionally positioned office investment property in Stockton, California.
Where is this office building located?
The property is located at 6653 Embarcadero Drive Stockton, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Stabilized office asset offering long‑term income potential.; Projected rental growth in Stockton's established commercial corridor.; Property size of approximately 10,858 square feet.
