Mixed-Use Property with
For Sale
$595,000
140 E Harding Way, Stockton, CA 95204
Restaurant operations occupy the building, with a residential apartment located on the upper level.
Property Size4,278 SF
Price / SF$139.08
Days on Market167
Property Features for 140 E Harding Way
General Information
Standard status
Active
Size
4,278 SF
Property subtype
Commercial
Building Details
Year Built
1922
Listing Agency:
Kietzke&Kramer Properties Inc.
(209) 969-4703
Listed By:
Jim Kietzke · License #00515350
Source:
Thecentralvalleyhomesearch
Added: Mar 17
Changed: Aug 30
Last Checked: Aug 30 at 6:13PM
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 Kietzke&Kramer Properties Inc.
Investment Insights
Based on property information with market context.
This mixed-use building combines a restaurant operation with an upstairs residential apartment. The upper-level unit includes three bedrooms and two bathrooms, providing a distinct residential component within the property. The building was constructed in 1922 and is located at 140 E Harding Way in Stockton, California.
Parking is available around the building, with additional street parking in the surrounding area. The property’s restaurant and apartment configuration creates a combination of commercial and residential uses in one building.
Parking is available around the building, with additional street parking in the surrounding area. The property’s restaurant and apartment configuration creates a combination of commercial and residential uses in one building.
Key Highlights
- Mixed‑use building with an operating Mexican restaurant
- Upstairs apartment includes 3 bedrooms and 2 bathrooms
- Constructed in 1922
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
$53,710
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
9.03%
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%
$1,074,200
$1.1M
Cap Rate 7%
$767,286
$767.3K
Cap Rate 9%
$596,778
$596.8K
Market Conditions
NOI Build-Up for 4,278 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
$92.4K $21.60/SF
− Vacancy
−$6.5K −$1.51/SF
EGI
$85.9K $20.09/SF
− OpEx
−$32.2K −$7.53/SF
NOI
$53.7K $12.56/SF
Area
Stockton, CA
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,074,200
Cap Rate 7%
$767,286
Cap Rate 9%
$596,778
Alternative Uses
Best Use
Specialty Retail
$786.3K
$688.0K – $917.3K
NOI $55,039 @ 7.0% cap · market cap 9.25%
Second Best
Mixed Use
$767.3K
$671.4K – $895.2K
NOI $53,710 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,981 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 95204, CA
30,719
Population
12,354
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
5,796
Density / Sq Mi
$71,792
Median Household Income
$42,361
Median Earnings
$1,381
Median Rent
$358,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant operations occupy the building, with a residential apartment located on the upper level.
Where is this mixed-use property located?
The property is located at 140 E Harding Way Stockton, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Mixed‑use building with an operating Mexican restaurant; Upstairs apartment includes 3 bedrooms and 2 bathrooms; Constructed in 1922
