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    5390 Promontory Pkwy Tracy, CA 95377
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    5390 Promontory Pkwy, Tracy, CA 95377

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    • Warehouses
    • 524,081 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5390 Promontory Pkwy

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This state-of-the-art, 524,081-square-foot warehouse facility is part of the International Park of Commerce (IPC) in Tracy, California. Located in the San Joaquin County, this single-tenant building boasts a 40-foot clear height, 98 dock-high doors, and 4 drive-in doors, making it ideal for efficient logistics operations. The property includes 372 total parking spaces and is situated within a fully entitled 1,800-acre master-planned business park. The warehouse features an ESFR fire suppression system and is LEED-certified, reflecting a commitment to sustainability. High-speed fiber optic connectivity ensures seamless communication and data transfer. The building's design incorporates 2% skylights and a typical column spacing of 50' x 56'. Power is provided by a 4,000-amp, 277/480V, 3-phase system, expandable to meet specific needs. The zoning is Business Park Industrial (BPI) City of Tracy, and the building's dimensions are approximately 575 feet deep by 890 feet wide. The facility is conveniently located near UP and BNSF intermodal facilities, offering easy access to major transportation networks. The entire space is currently vacant and available for immediate occupancy. The building is designed to accommodate a variety of build-to-suit office spaces. An 185-foot truck court with a 60-foot concrete apron is also included.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tracy
    County
    San Joaquin
    State
    California
    Longitude
    -121.518
    Latitude
    37.7332

    Comparable in this City

    • Value Estimation by Request
      1,300,000 SF

      5070 Promontory Pkwy

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      5070 Promontory Pkwy, Tracy, CA 95377
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    • Value Estimation by Request
      200,000 SF

      25176 Schulte Rd

      Distribution properties
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    • Value Estimation
      $505,000
      216.04 Acres

      6389 Hopkins Rd

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      6389 Hopkins Rd, Tracy, CA 95377-8426
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    • Value Estimation by Request
      2,500 SF

      265 Gandy Dancer Dr

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      265 Gandy Dancer Dr, Tracy, CA 95377-9068
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    • Value Estimation by Request
      3,651 SF

      225 Gandy Dancer Dr

      MINI-WAREHOUSE, STORAGE
      225 Gandy Dancer Dr, Tracy, CA 95377-9068
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    • Value Estimation
      $18,835,000
      188,789 SF

      25501 Gtwy Blvd

      WAREHOUSE, STORAGE
      25501 Gtwy Blvd, Tracy, CA 95377-8631
      View Details

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    Similar Nearby for Lease

    • $0.80 SF/Yr
      372,195 SF

      West Tracy Warehouse Sublease Opportunity

      Available warehouse sublease in West Tracy with highway access.
      14900 West Schulte Rd, Tracy, CA 95377
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      524,081 SF

      New State-of-the-Art Warehouse Facility

      524,081 SF warehouse with modern features in Tracy, CA.
      5390 Promontory Pkwy, Tracy, CA 95377
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      38,947 SF

      Tracy Warehouse in Commerce Park

      Logistics facility with access to major transportation routes.
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      152,303 SF

      Tracy Warehouse with Truck Staging

      Modern warehouse in Tracy with extensive truck staging lanes.
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      144,739 SF

      Tracy Warehouse with Truck Court

      144,739 SF warehouse featuring truck court and parking.
      25176 S Schulte Rd, Tracy, CA 95377
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      678,913 SF

      Tracy Industrial Buildings For Lease

      Multiple industrial buildings available for lease in Tracy, California.
      14800 West Schulte Rd, Tracy, CA 95377
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    Tracy, CA 95377
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    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
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