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226 N 1st St 4,750 SF Retail Building Turlock, CA 95380 $899,000 ($189.26/SF) 6.87% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term lease
- Great Visibility
- Downtown Core Zone
EXECUTIVE SUMMARY
Welcome to a prime downtown retail property offering exceptional investment potential and versatile use possibilities, including assembly purposes. Located in the heart of a bustling commercial district, this property benefits from high foot traffic, excellent public transport links, and proximity to major attractions. Featuring a spacious layout, modern amenities, and high visibility with prominent signage opportunities, it’s ideal for various businesses such as boutiques, galleries, or event spaces. Enjoy steady income from a reliable long-term tenant while benefiting from strong rental demand and appreciation potential in a continuously developing area. Don’t miss this unique opportunity to own a valuable addition to your real estate portfolio. Contact us today for more information or to schedule a viewing!
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$72,144
|
$15.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,144
|
$15.19
|
| Taxes |
$7,000
|
$1.47
|
| Operating Expenses |
$7,000
|
$1.47
|
| Total Expenses |
$14,000
|
$2.95
|
| Net Operating Income |
$58,144
|
$12.24
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $72,144 |
| Annual Per SF | $15.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,144 |
| Annual Per SF | $15.19 |
| Taxes | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.47 |
| Operating Expenses | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.47 |
| Total Expenses | |
|---|---|
| Annual | $14,000 |
| Annual Per SF | $2.95 |
| Net Operating Income | |
|---|---|
| Annual | $58,144 |
| Annual Per SF | $12.24 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,750 SF
Building Class
B
Year Built
1980
Price
$899,000
Price Per SF
$189.26
Cap Rate
6.87%
NOI
$61,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.84
Lot Size
0.13 AC
Zoning
Downtown Core - Downtown Core
Parking
10 Spaces (1.1 Spaces per 1,000 SF Leased)
Frontage
134’ on 1st St
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 061-11-59 | Total Assessment | $556,311 (2024) |
| Land Assessment | $113,781 (2024) | Annual Taxes | $7,000 ($1.47/SF) |
| Improvements Assessment | $442,530 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
061-11-59
Land Assessment
$113,781 (2024)
Improvements Assessment
$442,530 (2024)
Total Assessment
$556,311 (2024)
Annual Taxes
$7,000 ($1.47/SF)
Tax Year
2023
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226 N 1st St
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