Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sonora Industrial Development Opportunity Title is generated by Realmo AI

    20858 Mechanical Dr, Sonora, CA 95370

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.78 acres with 9,000 sqft building, development potential.

    Type:Industrial, Special Purpose
    Property size:
    9,000 SF
    Lot size:
    2.78 Acres
    Price / SF:
    $110/SF
    Added:
    Nov 20, 2024
    Days on Market:
    559
    Last Refresh:
    May 12 at 8:52 pm

    Property Features for 20858 Mechanical Dr

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Lot size
    2.78 Acres
    Property subtype
    Industrial, Special Purpose

    We can help!

    Listing Contact
    Adam Wilson

    Listing agent Adam Wilson License #CA

    Listing office CENTURY 21 Wildwood Properties, Inc.

    Listing date Nov 20, 2024

    Source Crexi

    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 CENTURY 21 Wildwood Properties, Inc.

    HighLights

    • 2.78 Acres with a 9,000 sqft building currently fully occupied by Class 5 Fitness, providing immediate income.
    • M‑1 light industrial zoning allows for unparalleled flexibility.
    • Additional vacant building site primed for development offers future expansion potential.
    • Includes an additional (.25 acre) parcel zoned business park.
    • Robust infrastructure: TUD water and sewer, PG&E electric.
    • Potential for subdivision into several parcels to diversify investment.

    Overview

    This 2.78-acre property presents an industrial development opportunity, featuring a 9,000 sqft building that is currently fully occupied by Class 5 Fitness, providing an immediate income stream. The property also offers potential for owner-user occupancy. There is an additional vacant building site primed for development, offering the chance to expand and maximize investment. Subdivision into several parcels is also a possibility. An additional 0.25-acre parcel zoned business park is included in the offering. The property has infrastructure, including TUD water and sewer, PG&E electric, and M-1 light industrial zoning, allowing for a variety of uses. This property is suitable for an owner-user, a 1031 exchange, or portfolio diversification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sierra Flow Fitness, Incorporated — 21051 Crystal Falls Dr Suite #4, Sonora, CA 95370

    Location Insight

    • Map
    • Local Demand
    City
    Sonora
    County
    Tuolumne
    State
    California
    Longitude
    -120.2659346
    Latitude
    38.0000398

    Nearby Similar for Sale

    • $120,000

      Prime Commercial Land in Sonora

      1.87 acres of commercial land in a growing area.
      20556 Columbia WAY, Sonora, CA 95370
      View Details
    • $699,000
      5,066 SF

      Land For Sale

      Commercial land available for sale.
      134 N Washington ST, Sonora, CA 95370
      View Details
    • $995,000
      9,000 SF

      Sonora Commercial Property For Sale

      9,000 sqft building on 2.78 acres in Sonora, CA
      20858 Mechanical Drive, Sonora, CA 95370
      View Details
    • $423,000

      Land For Sale

      Commercial land available for sale.
      35 S Washington Street, Sonora, CA 95370
      View Details
    • $699,000
      4,000 SF

      High Visibility Commercial Building

      Versatile commercial building on Tuolumne Road with high-traffic exposure.
      14326 Tuolumne Rd, Sonora, CA 95370
      View Details
    • $1,350,000
      9,348 SF

      Sonora Office Buildings For Sale

      Three buildings with versatile spaces near Highway 49 and Downtown Sonora.
      21663 Brian Lane, Sonora, CA 95370
      View Details
    • $675,000
      4,731 SF

      Multi-Use Property with Commercial Kitchen

      Updated home and shop with certified commercial kitchen.
      13676 Tuolumne Rd, Sonora, CA 95370
      View Details
    • $1,100,000
      12,000 SF

      Versatile Industrial/Commercial Property For Sale

      High-capacity industrial/commercial property with expansion potential and functional space.
      20833 Mechanical Drive, Sonora, CA 95370
      View Details
    • $149,000
      1,246 SF

      New Home in 55+ Community

      New 1,246 sqft home in Sonora's Cascade Estates.
      18330 Wards Ferry Road 25, Sonora, CA 95370
      View Details
    • $1,820,000
      4,872 SF

      Veterinary Property on Mono Way

      Veterinary clinic with boarding and equine services on 1.43 acres.
      14401 Mono Way, Sonora, CA 95370
      View Details
    • $725,000

      Prime Commercial Land in Sonora

      Highly visible parcel in Sonora's busy commercial corridor.
      1255 Mono Way, Sonora, CA 95370
      View Details
    • $1,188,000
      9,000 SF

      9,000 SF Building on 2.78 Acres

      9,000 SF building on 2.78 acres with development potential.
      20858 Mechanical Drive, Sonora, CA 95370
      View Details

    FAQs

    What type of property is this?
    Fitness center & gym - 2.78 acres with 9,000 sqft building, development potential.
    Where is this fitness center & gym located?
    The property is located at 20858 Mechanical Dr Sonora, CA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 2.78 Acres with a 9,000 sqft building **currently fully occupied by Class 5 Fitness, providing immediate income.**; M‑1 light industrial zoning allows for unparalleled flexibility.; Additional vacant building site primed for development offers future expansion potential.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Adam Wilson
    Real Estate License ID: CA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20858 Mechanical Dr, Sonora, CA 95370
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!