50-Unit Apartment
For Sale
$5,500,000
126 Jamestown, Stockton, CA 95207
Multifamily property with solar panels, a new roof, and a varied bedroom mix.
Property Size36,960 SF
Lot Size1.92 Acres
Days on Market59
Property Features for 126 Jamestown
General Information
Standard status
Active
Size
36,960 SF
Total Parking Spaces
60
Lot size
1.92 Acres
Property subtype
Residential Income
Zoning
Multifamily Residential
Units
Unit Mix
16 x 1BR, 30 x 2BR, 4 x 3BR
Multifamily Units
50
Building Details
Building Size
36,960 SF
Year Built
1965
Buildings
1
Stories
2
Listing Agency:
(415) 317-5888
Listed By:
The Wiley Team
(415) 317-5888
Source:
Sanfranciscorealestategroup.idxbroker
Added: Jul 4
Changed: Aug 30
Last Checked: Aug 31 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Wiley Team
Investment Insights
Based on property information with market context.
This 50-unit apartment community in Stockton, California, occupies 1.92 acres and offers a mix of 16 one-bedroom, 30 two-bedroom, and 4 three-bedroom residences. The property was built in 1965 and has undergone extensive interior and exterior renovations, including a new roof installed in 2024.
Solar panels are in place to offset common area utility costs. A majority of the apartments feature modern flooring, updated countertops, and upgraded fixtures, while the remaining units have not yet received those improvements. The property is zoned Multifamily Residential.
Solar panels are in place to offset common area utility costs. A majority of the apartments feature modern flooring, updated countertops, and upgraded fixtures, while the remaining units have not yet received those improvements. The property is zoned Multifamily Residential.
Key Highlights
- 50‑unit apartment community on 1.92 acres
- Unit mix includes 16 one‑bedroom, 30 two‑bedroom, and 4 three‑bedroom units
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$500,227
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,004,540
$10.0M
Cap Rate 7%
$7,146,100
$7.1M
Cap Rate 9%
$5,558,078
$5.6M
Market Conditions
NOI Build-Up for 36,960 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$962.4K $26.04/SF
− Vacancy
−$52.9K −$1.43/SF
EGI
$909.5K $24.61/SF
− OpEx
−$409.3K −$11.07/SF
NOI
$500.2K $13.53/SF
Area
ZIP 95207
Vacancy
5.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,004,540
Cap Rate 7%
$7,146,100
Cap Rate 9%
$5,558,078
Alternative Uses
Best Use
Apartment 5plus
$7.15M
$6.25M – $8.34M
NOI $500,227 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.27M
$10.73M – $14.31M
NOI $858,655 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
50
Residential units
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 95207, CA
52,465
Population
20,300
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
7,287
Density / Sq Mi
$68,767
Median Household Income
$38,463
Median Earnings
$1,549
Median Rent
$409,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with solar panels, a new roof, and a varied bedroom mix.
Where is this apartment building located?
The property is located at 126 Jamestown Stockton, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 50‑unit apartment community on 1.92 acres; Unit mix includes 16 one‑bedroom, 30 two‑bedroom, and 4 three‑bedroom units; New roof installed in 2024
