Corner Retail
For Sale
$625,000
702 E Porter Avenue B, Stockton, CA 95207
Commercial General zoning supports a range of business uses in an established Stockton business corridor.
Property Size2,200 SF
Price / SF$284.09
Days on Market26
Property Features for 702 E Porter Avenue B
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Commercial/Industrial
Zoning
CG
Additional Details
Corner Location
Yes
Building Details
Year Built
1989
Listing Agency:
The Monterey Group
(209) 649-4092
Listed By:
Richard J. Gonzales · License #01036541
Source:
Exitrealty
Added: Jul 16
Changed: Aug 9
Last Checked: Aug 9 at 4:38PM
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 The Monterey Group
Investment Insights
Based on property information with market context.
Porter Station includes Suites B and C, totaling approximately 2,200 square feet of retail space. The property was built in 1989 and is zoned Commercial General (CG). Both suites are currently configured for retail use and provide layouts that can be adapted for other business purposes supported by the zoning. Ample parking is available for customers and employees.
The property occupies the corner of Porter Avenue and Pacific Avenue, just north of Swain Road, with street exposure and direct access. The surrounding commercial setting includes Lincoln Center, shopping centers, a gas station, Jack in the Box, Canepa's Car Wash, restaurants, and retail businesses. Yen Du Chinese Restaurant is directly adjacent, with additional neighboring businesses including a beauty salon, general dentist, chiropractor, and jeweler.
The property occupies the corner of Porter Avenue and Pacific Avenue, just north of Swain Road, with street exposure and direct access. The surrounding commercial setting includes Lincoln Center, shopping centers, a gas station, Jack in the Box, Canepa's Car Wash, restaurants, and retail businesses. Yen Du Chinese Restaurant is directly adjacent, with additional neighboring businesses including a beauty salon, general dentist, chiropractor, and jeweler.
Key Highlights
- Approximately 2,200 square feet across Suites B and C
- Commercial General (CG) zoning
- Corner of Porter Avenue and Pacific Avenue, just north of Swain Road
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
$37,868
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
6.06%
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%
$757,360
$757.4K
Cap Rate 7%
$540,971
$541.0K
Cap Rate 9%
$420,756
$420.8K
Market Conditions
NOI Build-Up for 2,200 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
$59.4K $27.00/SF
− Vacancy
−$8.9K −$4.05/SF
EGI
$50.5K $22.95/SF
− OpEx
−$12.6K −$5.74/SF
NOI
$37.9K $17.21/SF
Area
ZIP 95207
Vacancy
15.00%
Lease Rate
$27.00 /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%
$757,360
Cap Rate 7%
$540,971
Cap Rate 9%
$420,756
Alternative Uses
Best Use
Office B
$541.0K
$473.4K – $631.1K
NOI $37,868 @ 7.0% cap · market cap 6.06%
Second Best
Retail
$364.3K
$318.8K – $425.0K
NOI $25,502 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$730.1K
$638.9K – $851.8K
NOI $51,110 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,942
Businesses Nearby
Explore this area
Business Placement
Demographics for 95207, CA
52,465
Population
20,300
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
7,287
Density / Sq Mi
$68,767
Median Household Income
$38,463
Median Earnings
$1,549
Median Rent
$409,000
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.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial General zoning supports a range of business uses in an established Stockton business corridor.
Where is this retail space located?
The property is located at 702 E Porter Avenue B Stockton, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 2,200 square feet across Suites B and C; Commercial General (CG) zoning; Corner of Porter Avenue and Pacific Avenue, just north of Swain Road
