Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Smoke Shop For Sale Title is generated by Realmo AI

    13360 E Hwy 88, Lockeford, CA 95237

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    High-traffic smoke shop with recent renovations and strong margins.

    Type:Special Purpose
    Added:
    Aug 27, 2024
    Days on Market:
    644
    Last Refresh:
    May 12 at 10:33 pm

    Property Features for 13360 E Hwy 88

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Lalit Sharma

    Listing agent Lalit Sharma License #CA

    Listing office Century 21 Select Real Estate - Ag & Ranch

    Listing date Aug 27, 2024

    Source Crexi

    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 Century 21 Select Real Estate - Ag & Ranch

    HighLights

    • High‑traffic location on E Highway 88 ensures excellent visibility and accessibility.
    • Well‑established business with strong margins provides immediate income potential.
    • Wide range of tobacco, vape, glassware, and accessories caters to a broad customer base.
    • Recently renovated interior offers a modern and appealing shopping environment.
    • Spacious interior with visually pleasing product displays enhances the customer experience.
    • Easy to operate, making it ideal for an owner‑operator.

    Overview

    Located at 13360 E Highway 88 in Lockeford, this well-established smoke shop benefits from high visibility and easy accessibility. The interior provides ample space for product and merchandise displays that are visually pleasing. The business offers a wide range of tobacco, vape, glassware, and accessories. Recently renovated, the store is easy to operate and offers strong margins, presenting a great opportunity for an owner-operator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockeford
    County
    San Joaquin
    State
    California
    Longitude
    -121.15181
    Latitude
    38.16179

    Nearby Similar for Sale

    • $1,250,000

      Commercial Property in Growing Lockeford

      Turnkey commercial property with highway visibility and tenant income.
      12811 E Brandt Rd, Lockeford, CA, 95237-9596
      View Details
    • $700,000

      Historic Lockeford Emporium For Sale

      Historic landmark offering bar, restaurant, event space, and rental retreat.
      State Route 88, Lockeford, CA 95237
      View Details
    • $700,000

      Lockeford Historic Building For Sale

      Historic building in Lockeford, California, with multiple potential uses.
      13480 E. State Highway 88, Lockeford, CA 95237
      View Details

    FAQs

    What type of property is this?
    Retail space - High-traffic smoke shop with recent renovations and strong margins.
    Where is this retail space located?
    The property is located at 13360 E Hwy 88 Lockeford, CA.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: High‑traffic location on E Highway 88 ensures excellent visibility and accessibility.; Well‑established business with strong margins provides immediate income potential.; Wide range of tobacco, vape, glassware, and accessories caters to a broad customer base.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lalit Sharma
    Real Estate License ID: CA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13360 E Hwy 88, Lockford, CA 95237
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!