Entity Owned Property summary
AI-generated overview
This expansive industrial property, located at 400 Gandy Dancer Dr, Tracy, CA 95377, presents a significant opportunity for a single tenant. The 159,040 square foot building sits on a substantial 26.33-acre lot and is zoned M-1, Light Industrial City of Tracy within San Joaquin County. Constructed in 1980, the property boasts impressive features including high ceilings ranging from 21'4" to 26'10", providing ample vertical space for various industrial operations. The building offers convenient access with 5 loading docks and 5 dock-high doors, ensuring efficient loading and unloading of goods. Ample parking is available with 103 spaces. Power is robust, supported by a 12,000 KVA transformer located on-site. The property's strategic location near Tracy Blvd provides excellent accessibility and visibility. The entire building is currently vacant, offering immediate occupancy for a qualified tenant. This is a rare opportunity to secure a large, well-equipped industrial space in a prime location. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Total area
143,280 SF
Lot
20 ac (871,200 SF)
Zoning code
61
APN
248-030-020-000
UPID
US09-0447655
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
-
Trucking Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.77M
Comparable Approach
Comparable
$21.45M
Blend (final)
Blend
$23.79M
Owner & transaction history
since 2021
Last sale
$25.5M
7 recorded transactions
Zoning & alternative use
61 · Tracy, CA
Top alternative use upside
Office building
$36.2M
+8.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$23.79M
Value range
$21.41M – $26.17M
±10% around blend
Estimated value / SF
$166 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$21.41M
blend $23.79M
$26.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
143,280 SF
Lot area
20 ac
Year built
1981
Stories
1
APN
248-030-020-000
Zoning
61
Assessed value
$23,809,554
Annual tax
$249,666
3
Income approach: direct capitalization
Partial preview
Income approach indication
$23.77M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$25.75M
@ 6.5% CAP return
$23.77M
@ 7% CAP return
$22.07M
4
Sales comparison
Partial preview
Sales approach indication
$21.45M
Range $20.62M – $52.45M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$23.79M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 24 sales
$233
-29%
County 211 sales
$170
-3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $166/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+9%
vs current-use indication
Industrial (general) · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
6.80%
Implied, in-place cap rate for this manufacturing properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.80%
9.0%
NOI (est.)
$1.79M *
Last sale · Nov 2021
$25.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$26.25M
Move the market yield to see immediate price impact.
Value / SF
$183
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.30%6.80%7.30%
$1.61M
$25.50M
$23.63M
$22.01M
$1.79M
$28.33M
$26.25M
$24.45M
$1.96M
$31.17M
$28.87M
$26.90M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$249,666
Tax year 2024
Assessed value
$23,809,554
Assessed 2024
Previous assessed
$23,809,554
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$8,619,714
Assessed improvement
$15,189,840
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Heating
NONE
Stories
1
Total area
143,280 SF
Lot
20 ac (871,200 SF)
Zoning code
61
APN
248-030-020-000
UPID
US09-0447655
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
61 · Tracy, CAZoning 61 · permitted uses
61 · Tracy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Lot
20 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
61
Jurisdiction
Tracy, CA
Recorded code
61
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 61 in Tracy, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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