920 Sterling DrTracy, CA 95391

  • Industrial land
  • 1.70 AC
For Sale
$2,295,000 View listing

Property Details for 920 Sterling Dr

Lot size
1.70 AC
Property type
Industrial land
APN
254-050-250-000
APU
254050250000

Description

This exceptional 1.7-acre parcel of commercially zoned industrial land presents a compelling investment opportunity in the thriving Mountain House community of San Joaquin County, California. Located at 920 Sterling Dr, Mountain House, CA 95391 (APN 254-050-25), this property boasts an I-P zoning designation, ideal for a variety of industrial uses. The asking price is $2,295,000, translating to $1,350,000 per acre, reflecting the land's significant value in this rapidly developing area. Its strategic location offers easy access to major transportation arteries, including I-205 and I-580, ensuring seamless connectivity for logistics and distribution. Furthermore, its proximity to the planned Valley Link Mountain House Future Station positions this property for future growth and increased accessibility. Situated within a master-planned industrial/business park, this site benefits from the established infrastructure and planned amenities of the Mountain House neighborhood. The property's potential for substantial appreciation makes it a highly attractive investment for developers and businesses seeking a foothold in a dynamic and expanding market. This is a rare opportunity to acquire a significant land holding in a prime location poised for continued growth and development. Don't miss out on this exceptional chance to secure a strategic asset in a thriving California community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $41,373,800
    6.5%
    $38,191,200
    7%
    $35,463,300
  • Comparable approach

    Method
    Valuation
    Relative Method
    $33,046,200
    Geo Method
    $33,046,200
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $19,933,300
    Mixed-Use / Specialty
    $20,137,300
    Hospitality / Lodging
    $15,132,200
    Office
    $20,304,200
    Institutional / Educational
    $21,033,000
    Residential Income
    $24,608,600
    Multifamily
    $27,989,300
    Automotive / Energy
    $18,028,300
    Parking / Income-Based Land
    $5,949,580
    Restaurant / Food Service
    $11,060,600
    Healthcare / Senior Housing
    $20,368,400

Location Insight

City
Mountain House
County
San Joaquin
State
California
Latitude
37.7665
Longitude
-121.532
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
$7,570
$716,586
-
$716,586
-
-
-
-

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