Office Building with Central
For Sale
$4,695,000
800 S Stockton Avenue, Ripon, CA 95366
Built in 2006 and zoned M2 Heavy Industrial, the property includes central air and a private exterior feature.
Property Size33,057 SF
Days on Market9
Property Features for 800 S Stockton Avenue
General Information
Standard status
Active
Size
33,057 SF
Zoning
M2 Heavy Industrial
Amenities
See Remarks
Central Air
Central
Private
Building Details
Building Size
33,057 SF
Year Built
2006
Listing Agency:
PMZ Commercial Real Estate
(209) 345-8209
Listed By:
Jordan R. Amarant · License #01911219
(209) 345-8209
Source:
Evrealestate
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 8 at 7:05AM
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 PMZ Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building at 800 S Stockton Avenue was constructed in 2006 and includes central air among its interior features. The property is identified as a private exterior property and carries M2 Heavy Industrial zoning.
The address is in Ripon, San Joaquin County. Access directions run from Main St to S Stockton Ave and continue to the property address. The zoning designation and existing office classification provide the primary framework for evaluating the site.
The address is in Ripon, San Joaquin County. Access directions run from Main St to S Stockton Ave and continue to the property address. The zoning designation and existing office classification provide the primary framework for evaluating the site.
Key Highlights
- Office building constructed in 2006
- M2 Heavy Industrial zoning
- Central air included among interior features
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
$374,866
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
7.98%
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%
$7,497,320
$7.5M
Cap Rate 7%
$5,355,229
$5.4M
Cap Rate 9%
$4,165,178
$4.2M
Market Conditions
NOI Build-Up for 33,057 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
$595.0K $18.00/SF
− Vacancy
−$95.2K −$2.88/SF
EGI
$499.8K $15.12/SF
− OpEx
−$125.0K −$3.78/SF
NOI
$374.9K $11.34/SF
Area
San Joaquin County, CA
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%
$7,497,320
Cap Rate 7%
$5,355,229
Cap Rate 9%
$4,165,178
Alternative Uses
Best Use
Office B
$5.36M
$4.69M – $6.25M
NOI $374,866 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.26M
$6.35M – $8.47M
NOI $508,152 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 95366, CA
18,239
Population
6,726
Households
2.7
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
34.3 sq mi
ZIP Area
532
Density / Sq Mi
$104,952
Median Household Income
$54,524
Median Earnings
$1,809
Median Rent
$672,900
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.
Frequently Asked Questions
What type of property is this?
Office building - Built in 2006 and zoned M2 Heavy Industrial, the property includes central air and a private exterior feature.
Where is this office building located?
The property is located at 800 S Stockton Avenue Ripon, CA.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: Office building constructed in 2006; M2 Heavy Industrial zoning; Central air included among interior features
