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198 5th ave - Commercial property in downtown Gustine 0.32 Acres of Commercial Land Offered at $479,000 in Gustine, CA 95322
Investment Highlights
- Long-term tenants
Executive Summary
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$39,336
|
$122,925.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,336
|
$122,925.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,602
|
$5,006.25
|
| Net Operating Income |
$37,734
|
$117,918.75
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $39,336 |
| Annual Per AC | $122,925.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,336 |
| Annual Per AC | $122,925.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $1,602 |
| Annual Per AC | $5,006.25 |
| Net Operating Income | |
|---|---|
| Annual | $37,734 |
| Annual Per AC | $117,918.75 |
Property Facts
| Price | $479,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.32 AC |
| Property Type | Land | ||
| Zoning | Commercial - Misc/Minor Comm | ||
| Price | $479,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.32 AC |
| Zoning | Commercial - Misc/Minor Comm |
1 Lot Available
Lot
| Price | $479,000 | Lot Size | 0.32 AC |
| Price Per AC | $1,496,875.00 |
| Price | $479,000 |
| Price Per AC | $1,496,875.00 |
| Lot Size | 0.32 AC |
7.87% Cap Rate. Great location in Gustine, downtown. Corner is shared with McDonald's and Chevron. Two long-term secured tenant, Watermill Express, which offers drinking water to the city of Gustine residents. On the other half, fleet gas.
Description
Tank 1 – 10,000 gallons, installed 06/01/1997, Double Wall Construction. Tank 2 – 5,000 gallons, installed 06/01/1997, Double Wall Construction. Tank 3 – 10,000 gallons, installed 06/01/1997, Double Wall Construction. Tank 4 – 5,000 gallons, installed 06/01/1997, Double Wall Construction. Property is occupied by two established commercial tenants. Van De Pol Enterprises operates a fuel cardlock facility under a lease through April 2029 at $2,700/month, with a five-year renewal option at $3,000/month. Watermill Express, a tenant at the property since 1998, is under a renewed lease through June 2035 with scheduled annual rent increases and two additional five-year renewal options extending through 2045. Current combined scheduled rent is $3,278/month, or $39,336 annually. Excellent opportunity to acquire an income-producing commercial property with established national/regional operators and long-term tenancy.
Property Taxes
| Parcel Number | 020-015-006 | Improvements Assessment | $182,000 (2026) |
| Land Assessment | $72,828 (2026) | Total Assessment | $254,828 (2026) |
Property Taxes
Presented by
198 5th ave - Commercial property in downtown Gustine
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