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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Manufacturing properties
1880 Macarthur Dr Tracy, CA 95376-2841
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3684445
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 1880 N MacArthur Dr, Tracy, CA 95376, offers 86,163 square feet of versatile space ideal for manufacturing, warehousing, or distribution. Built in 2003, this single-tenant building sits on a 4.93-acre lot and boasts a 30-foot ceiling height, perfect for accommodating various operational needs. The property features 14 dock-high doors and 4 drive-in doors, ensuring efficient loading and unloading. Ample parking is provided with 79 spaces. The building is fully insulated and benefits from direct access to I-205 via MacArthur Drive, providing excellent transportation links. The property is zoned M-1, Light Industrial (City of Tracy), within San Joaquin County. Planned capital improvements by the landlord include exterior painting, lot and dock equipment slurry seal/striping. The property is available in the first quarter of 2023. This two-story building presents a rare opportunity to secure a high-quality industrial space in a desirable location. Don't miss this chance to establish your business in this strategically positioned facility.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Total area
27,160 SF
Lot
1.83 ac (79,758 SF)
APN
250-270-230-000
UPID
US09-3684445
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Surtec, Inc. General Contractor
-
Sertac Systems Chemical Plant
-
Aria & Associates Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.51M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$3.58M
Owner & transaction history
Chitat Realty LP · 4 yrs held
Chitat Realty LP
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tracy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tracy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,880,000
6.5%
$4,505,000
7%
$4,185,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,930,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$41,267
Tax year 2024
Assessed value
$3,651,600
Assessed 2024
Previous assessed
$3,651,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$882,300
Assessed improvement
$2,769,300
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
27,160 SF
Lot
1.83 ac (79,758 SF)
APN
250-270-230-000
UPID
US09-3684445
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$5.9M
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Chitat Realty LP
Entity
Free & Clear · 4 yrs held
Mailing address
17304 PRESTON RD STE #550, DALLAS, TX 75252-5625
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
$10,850,000
Chitat Realty LP
Judy Phillips
Grant Deed
—
Apr 12, 2022
—
Judy Phillips
Fields & Fromm Investments LLC
Grant Deed
—
Apr 23, 2003
—
Fields & Fromm Investments LLC
Fields,tr
Quit Claim Deed
related
$4,059,178 · Comerica Bank California
Feb 21, 2003
—
Fields,tr
Fields,w
Quit Claim Deed
related
—
Feb 7, 2003
—
William A Fields
Buzz Oates Enterprises II
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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