Class B Office
For Sale
Contact for pricing
1510 W Kettleman Ln, Lodi, CA 95242
Professional building with on-site parking and PD(21) zoning for office-related uses.
Property Size7,424 SF
Price / SF$309.81
Days on Market193
Property Features for 1510 W Kettleman Ln
General Information
Standard status
Active
Size
7,424 SF
Property subtype
OFFICE
Properties For Sale
at 1510 W Kettleman Ln Contact us- Floor
- Bldg
- Size
- 7,424 SF
- Type
- OFFICE
- Availability
- AVAILABLE, Now
- Sublease
- No
1510 W Kettleman Ln
- For Sale or Lease: This offering is for a Class B ±7,424 SF Office/Medical building...
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Listing Agency:
First Commercial Real Estate and Advisory Services
(209) 461-6400
Listed By:
Colton Toste · License #01993261
Source:
Moodyscre
Added: Feb 19
Changed: Aug 30
Last Checked: Aug 30 at 8:52AM
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 First Commercial Real Estate and Advisory Services
Investment Insights
Based on property information with market context.
This Class B office and medical building at 1510 W Kettleman Ln contains 7,424 square feet and is currently fully occupied by a Century 21 Real Estate office. The property features modern construction, high-end interior finishes, and a low-maintenance design. The existing tenant’s lease runs through the end of 2026, with the tenant indicating it may either reduce its space or leave when the term concludes.
The building fronts the West Kettleman Lane Retail Corridor and offers convenient ingress and egress. Ample on-site parking supports office operations, while PD(21) zoning has accommodated office, professional, institutional, and medical office uses along W Kettleman, subject to City verification. Average household income within one mile exceeds $118,000.
The building fronts the West Kettleman Lane Retail Corridor and offers convenient ingress and egress. Ample on-site parking supports office operations, while PD(21) zoning has accommodated office, professional, institutional, and medical office uses along W Kettleman, subject to City verification. Average household income within one mile exceeds $118,000.
Key Highlights
- 7,424 SF Class B office and medical building
- Fully occupied by a Century 21 Real Estate office
- Existing tenant lease extends through the end of 2026
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
$84,188
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
3.66%
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%
$1,683,760
$1.7M
Cap Rate 7%
$1,202,686
$1.2M
Cap Rate 9%
$935,422
$935.4K
Market Conditions
NOI Build-Up for 7,424 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
$133.6K $18.00/SF
− Vacancy
−$21.4K −$2.88/SF
EGI
$112.3K $15.12/SF
− OpEx
−$28.1K −$3.78/SF
NOI
$84.2K $11.34/SF
Area
San Joaquin County, CA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,683,760
Cap Rate 7%
$1,202,686
Cap Rate 9%
$935,422
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,188 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$1.17M
$1.03M – $1.37M
NOI $82,125 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,122 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 95242, CA
27,341
Population
11,190
Households
2.4
Avg Household Size
42
Median Age
32%
College-Educated
92%
High-School Grad
90.9 sq mi
ZIP Area
301
Density / Sq Mi
$99,709
Median Household Income
$49,530
Median Earnings
$1,925
Median Rent
$549,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional building with on-site parking and PD(21) zoning for office-related uses.
Where is this office building located?
The property is located at 1510 W Kettleman Ln Lodi, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 7,424 SF Class B office and medical building; Fully occupied by a Century 21 Real Estate office; Existing tenant lease extends through the end of 2026
