Turnkey Office Condo
For Sale
$275,000
7877 Pershing Avenue, Stockton, CA 95207
Well-maintained office condo features upgraded flooring and interior glass walls for a bright, professional workspace.
Property Size1,080 SF
Price / SF$254.63
Days on Market434
Property Features for 7877 Pershing Avenue
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Office
Amenities
Central Air
Commercial
Public.
Building Details
Year Built
1987
Listing Agency:
Simple Realty
5181943
Listed By:
Lateef Palmer · License #01433101
5181943
Source:
Xome
Added: Jun 1, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:13AM
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 Simple Realty
Investment Insights
Based on property information with market context.
This beautifully maintained commercial office condo is offered in turnkey condition. Interior upgrades include upgraded flooring throughout, and interior glass walls that bring natural light into the workspace while enhancing visibility and an open feel. The building and surrounding business park are described as clean and well-maintained, supporting a professional environment for both clients and employees.
The property is located within a thriving, highly accessible business park setting, positioned for convenient access in a dedicated commercial setting.
Overall, the unit’s combination of upgraded finishes and interior glass elements makes it well-suited for an organization seeking an office space ready for immediate use.
The property is located within a thriving, highly accessible business park setting, positioned for convenient access in a dedicated commercial setting.
Overall, the unit’s combination of upgraded finishes and interior glass elements makes it well-suited for an organization seeking an office space ready for immediate use.
Key Highlights
- Commercial office condo in a business park setting
- Interior glass walls help bring in natural light and create an open workspace feel
- Upgraded flooring throughout
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
$18,590
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
6.76%
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%
$371,800
$371.8K
Cap Rate 7%
$265,571
$265.6K
Cap Rate 9%
$206,556
$206.6K
Market Conditions
NOI Build-Up for 1,080 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
$29.2K $27.00/SF
− Vacancy
−$4.4K −$4.05/SF
EGI
$24.8K $22.95/SF
− OpEx
−$6.2K −$5.74/SF
NOI
$18.6K $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%
$371,800
Cap Rate 7%
$265,571
Cap Rate 9%
$206,556
Alternative Uses
Best Use
Office B
$265.6K
$232.4K – $309.8K
NOI $18,590 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
643
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?
Office units - Well-maintained office condo features upgraded flooring and interior glass walls for a bright, professional workspace.
Where is this office units located?
The property is located at 7877 Pershing Avenue Stockton, CA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Commercial office condo in a business park setting; Interior glass walls help bring in natural light and create an open workspace feel; Upgraded flooring throughout
