Retail Center with National
Golden State Road, Turlock, CA 95380
Shopping center with national tenants and growth potential.
Type:Commercial
Property size:
144,365 SFLot size:
9.78 AcresPrice / SF:
$338/SF- Added:
- Jun 27, 2025
- Days on Market:
- 324
- Last Refresh:
- Apr 5 at 8:50 pm
Property Features for Golden State Road
General Information
- Standard status
- Active
- Size
- 144,365 SF
- Lot size
- 9.78 Acres
- Property subtype
- Commercial
Listing agent JIGAR SHAH License #01116918
Listing office CENTURY 21 DISCOVERY (714) 626-2000
Listing date Jun 27, 2025
Source Corcoran
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 DISCOVERY
HighLights
- High percentage (80%+) of national tenants ensures stability and customer traffic
- NNN leases provide security and growth potential for the owner
- Spans almost 9 acres, indicating a substantial property size
- Comprises 7 retail buildings, offering diversification of income streams
- Low vacancy rate (approximately 5%) suggests strong demand and profitability
- Potential for rent abatement from sellers to further incentivize purchase
Overview
This shopping center is comprised of seven retail buildings spread over almost 9 acres. The property features over 80% national tenants and approximately 5% vacancy. The tenants are all NNN, providing security and growth.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$37.47M
NOI $3,372,060 @ 9.00% cap · cautious / downside scenario
Moderate
$48.17M
NOI $3,372,060 @ 7.00% cap · market / base-case scenario
Aggressive
$67.44M
NOI $3,372,060 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $5.37M | $37.20 |
| − Vacancy | −$553.1k | −$3.83 |
| EGI | $4.82M | $33.37 |
| − OpEx | −$1.45M | −$10.01 |
| NOI | $3.37M | $23.36 |
144,365 SF · lease $37.20/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$48.17M
$42.15M – $56.20M
NOI $3,372,060 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$67.10M
$58.71M – $78.28M
NOI $4,696,967 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shopping centers
Map
- City
- Turlock
- County
- Stanislaus
- State
- California
- Longitude
- -120.869
- Latitude
- 37.4741
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Shopping center with national tenants and growth potential.
Where is this shopping center located?
The property is located at Golden State Road Turlock, CA.
What is the asking price?
The asking price for this property is $48,800,000.
What are key features of this property?
This property features: High percentage (80%+) of national tenants ensures stability and customer traffic; NNN leases provide security and growth potential for the owner; Spans almost 9 acres, indicating a substantial property size
