Property profile

2140 W Grant Line Rd Tracy, CA 95304

FOR SALE
Office buildings
Property ID
US09-0464927
0.65 ac lot
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 7,411 square foot free-standing office building, located at 2140 W. Grant Line Road in Tracy, California (zip code 95377), presents a unique investment opportunity. Previously a community bank, the property is currently configured as commercial office space. The building is situated on a ground lease, offering a significant advantage for potential buyers. The current ground lease expires on May 1st, 2027, and includes options to extend the lease until May 31st, 2047. The asking price for this property is $400,000. The monthly ground rent is approximately $13,865. This property is classified as a traditional office building and is located in San Joaquin County. The property's address is 2140 W Grant Line Rd, Tracy, CA 95377. The geographic coordinates are latitude 37.7532915 and longitude -121.4547683. This presents a compelling opportunity for investors seeking a well-located office building with a potentially long-term lease arrangement. The building's history as a community bank suggests a solid foundation and potential for various commercial uses. The ground lease terms provide both immediate and long-term financial considerations for prospective buyers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Lot 0.65 ac (28,186 SF)
APN 238-190-200-000
UPID US09-0464927

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

2140 W Grant Line Rd Tracy, CA 95304
Tracy metro Census 5224 STOCKTON, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.15M

Owner & transaction history

since 2022
Last sale
$2.6M
2 recorded transactions
2022
$2.6M
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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