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    2615 Grant Line Rd Tracy, CA 95304-9409
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    Property profile & analytics

    2615 Grant Line Rd, Tracy, CA 95304-9409

    View on Map
    • Grocery and convenience stores
    • 1,779 SF
    • 1.29 lot acres
    Off-Market
    Property ID
    US10-2949827
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM Machine at Chevron - West Grant Line Rd / Atm
    • Krispy Krunchy Chicken / Restaurant
    • Chevron / Gas Station
    • The World's Largest Hot Dog Chain / Restaurant
    • BusyBee CarWash / Car Wash

    Property Details for 2615 Grant Line Rd

    Year built
    2004
    Lot size
    1.29 lot acres
    Property type
    Grocery and convenience stores
    APN
    212-290-170-000
    APU
    212290170000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 10, 2022 — West Valley Auto Service LLC — Deed · related $5M · Citizens Business Bank
    Jun 17, 2015 — Steven Mutnick West Valley Auto Spa INC Quit Claim Deed · related —
    Jun 17, 2015 $5,780,000 West Valley Auto Services LLC Steven Mutnick Grant Deed $3.3M · Travis Cu
    Apr 17, 2007 $5,550,000 Steven Mutnick Bedrock Oil INC Grant Deed $4.1M · Vineyard Bank
    Jan 3, 2006 — Bedrock Oil INC Bam Bam Properties LLC Grant Deed —
    Aug 26, 2004 — Bam Bam Properties LLC Hirbod,sam Grant Deed · related —
    Dec 19, 2003 $1,513,000 Sam Hirbod Ericeg,mike A & Jacqueline M Grant Deed $2.3M · Citicorp Leasing INC
    — — West Valley Auto Service LLC — Deed Of Trust · related $330k · Steven J Mutnick
    — — Steven Mutnick — Deed Of Trust · related $2.3M · Tri Counties Bank
    — — Steven Mutnick — Deed Of Trust · related $1.8M · Tri Counties Bank
    — — Steven Mutnick — Deed Of Trust · related $1.9M · Greater Sacramento Certified
    — — Bedrock Oil INC — Deed Of Trust · related $3.9M · Commonwealth Business Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,051,000
      Market price range: $135k - $1.05M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tracy
    County
    San Joaquin
    State
    California
    Longitude
    -121.467
    Latitude
    37.7547
    CBSA code
    44700
    CBSA name
    STOCKTON, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $56,481
    $1,665,486
    $3,504,504
    $5,169,990
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,690,000
      93,557 SF

      2850 Pavilion Pkwy

      GROCERY, SUPERMARKET
      2850 Pavilion Pkwy, Tracy, CA 95304-9433
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    • Value Estimation
      $4,060,000
      4,367 SF

      3940 Tracy Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      3940 Tracy Blvd, Tracy, CA 95304-1516
      View Details
    • Value Estimation by Request
      2,435 SF

      30836 Airport Way

      CONVENIENCE STORE
      30836 Airport Way, Tracy, CA 95304-8823
      View Details
    • Value Estimation
      $14,110,000
      190,388 SF

      3010 Grant Line Rd

      RETAIL STORES (PERSONAL SERVICES)
      3010 Grant Line Rd, Tracy, CA 95304-9402
      View Details
    • Value Estimation
      $1,290,000
      12,478 SF

      2860 Grant Line Rd

      RETAIL STORES (PERSONAL SERVICES)
      2860 Grant Line Rd, Tracy, CA 95304-9453
      View Details
    • Value Estimation
      $1,125,000
      11,360 SF

      7750 11th St

      SHOW ROOM, WAREHOUSE
      7750 11th St, Tracy, CA 95304-8832
      View Details

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      Established Orchard with Chandler Walnuts

      Productive walnut orchard with irrigation, near schools.
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      Established Orchard with Irrigation System

      Two parcels featuring a Chandler walnut orchard with irrigation.
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    Similar Nearby for Lease

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      2,400 SF

      Regional Power Center Retail Space

      Retail space in a regional power center anchored by major retailers.
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      Retail Space for Lease

      Retail space available for lease in Tracy, California.
      3200 Naglee Rd, Tracy, CA 95304
      View Details
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      1,810 SF

      Regional Retail Hub For Lease

      Regional retail, dining, and entertainment hub with diverse tenants.
      2800-3350 Naglee Rd, Tracy, CA 95304
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    • Contact for pricing

      Paved Yard with Parking Stalls

      Centrally located, fully fenced and paved yard with parking.
      22656 Kasson Rd, Tracy, CA 95304
      View Details
    • Contact for pricing
      2,375 SF

      Tracy Flex/Industrial Space Available

      Flex/Industrial space available for lease in Tracy, California.
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    • Contact for pricing
      7,600 SF

      Tracy Warehouse Space Available

      7,600 SF warehouse space for lease in Tracy, CA.
      24500 S Macarthur Dr, Tracy, CA 95304
      View Details
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    Tracy, CA 95304-9409
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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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