Stockton Industrial Property For
For Sale
Contact for pricing
7514 Murray Drive, Stockton, CA 95210
Single-tenant industrial property with long-term lease in place.
Property Size12,000 SF
Lot Size0.92 Acres
Price / SF$166.25
Days on Market175
Property Features for 7514 Murray Drive
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.92 Acres
Property subtype
Industrial
Zoning
CG
Occupancy
100%
Lease Type
NNN
Net Operating Income
$125,268
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
JPA Commercial Inc
Listed By:
Justin Allen · License #CA 01512220
Source:
Crexi
Added: Mar 4
Changed: Aug 21
Last Checked: Aug 26 at 12:07AM
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 JPA Commercial Inc
Investment Insights
Based on property information with market context.
Located in Stockton, CA, the property at 7514 Murray Drive presents an investment opportunity. The single-tenant industrial property features approximately 12,000 square feet of space on a lot of approximately 0.92 acres. The building is of masonry construction and includes an 18-foot clear height and six bay doors, making it suitable for various industrial uses. The property's location provides connectivity and accessibility near major highways I-5 and I-99. The property is currently leased to Apria Healthcare, with a triple-net lease in place until February 2029, featuring annual rent escalations. Apria Healthcare has been a tenant since 2003.
Key Highlights
- Stable income stream with a triple‑net lease in place until February 2029 with annual rent escalations.
- Long‑term tenant, Apria Healthcare, committed since 2003.
- Prime location near major highways I‑5 and I‑99, providing excellent connectivity and accessibility.
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
$168,594
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
8.45%
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%
$3,371,880
$3.4M
Cap Rate 7%
$2,408,486
$2.4M
Cap Rate 9%
$1,873,267
$1.9M
Market Conditions
NOI Build-Up for 12,000 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
$204.5K $17.04/SF
− Vacancy
−$6.1K −$0.51/SF
EGI
$198.3K $16.53/SF
− OpEx
−$29.8K −$2.48/SF
NOI
$168.6K $14.05/SF
Area
ZIP 95210
Vacancy
3.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
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%
$3,371,880
Cap Rate 7%
$2,408,486
Cap Rate 9%
$1,873,267
Alternative Uses
Best Use
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,594 @ 7.0% cap · market cap 8.45%
Second Best
Industrial
$1.85M
$1.62M – $2.16M
NOI $129,372 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$2.64M
$2.31M – $3.07M
NOI $184,464 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,671
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial property with long-term lease in place.
Where is this warehouse located?
The property is located at 7514 Murray Drive Stockton, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Stable income stream with a triple‑net lease in place until February 2029 with annual rent escalations.; Long‑term tenant, Apria Healthcare, committed since 2003.; Prime location near major highways I‑5 and I‑99, providing excellent connectivity and accessibility.
