Lake-View Office Condominium
For Sale
Contact for pricing
1820 W Kettleman Ln Ste A & B, Lodi, CA 95242
First-floor office condo with private offices, reception, kitchen, and restroom in a professionally managed plaza.
Property Size1,784 SF
Price / SF$325
Days on Market95
Property Features for 1820 W Kettleman Ln Ste A & B
General Information
Standard status
Active
Size
1,784 SF
Class
C
Property subtype
Office
Zoning
Planned Development
Investment Type
Owner/User
Building Details
Year Built
1987
Stories
1
Listing Agency:
KW Commercial
Listed By:
Bill Johnson · License #CA 01992157
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Sep 2 at 11:33AM
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 KW Commercial
Investment Insights
Based on property information with market context.
Located in Lakeshore Office Plaza, this first-floor office condominium totals 1,784 square feet and is configured for professional use. The unit includes several private offices, a reception area, a kitchen, and a private restroom. Back office spaces overlook the lake, providing natural light and views that support a productive work environment.
The property benefits from professionally managed common areas and exterior upkeep through a local Owners Association. It is conveniently positioned within walking distance of banks, restaurants, and other essential business services, supporting day-to-day convenience for staff and clients.
This suite is well suited for small businesses seeking an office condominium with a dedicated restroom and a layout that supports both client-facing reception and separated work areas. With private offices and lake-facing views from the back rooms, it offers a practical, ready-to-use arrangement for teams that want a professional setting in a managed office community.
The property benefits from professionally managed common areas and exterior upkeep through a local Owners Association. It is conveniently positioned within walking distance of banks, restaurants, and other essential business services, supporting day-to-day convenience for staff and clients.
This suite is well suited for small businesses seeking an office condominium with a dedicated restroom and a layout that supports both client-facing reception and separated work areas. With private offices and lake-facing views from the back rooms, it offers a practical, ready-to-use arrangement for teams that want a professional setting in a managed office community.
Key Highlights
- 1,784 SF first‑floor office condominium in Lakeshore Office Plaza
- Features a functional layout with several private offices plus a reception area
- Includes a kitchen and a private restroom
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
$20,231
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
3.49%
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%
$404,620
$404.6K
Cap Rate 7%
$289,014
$289.0K
Cap Rate 9%
$224,789
$224.8K
Market Conditions
NOI Build-Up for 1,784 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
$32.1K $18.00/SF
− Vacancy
−$5.1K −$2.88/SF
EGI
$27.0K $15.12/SF
− OpEx
−$6.7K −$3.78/SF
NOI
$20.2K $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%
$404,620
Cap Rate 7%
$289,014
Cap Rate 9%
$224,789
Alternative Uses
Best Use
Office B
$289.0K
$252.9K – $337.2K
NOI $20,231 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.8K
$342.8K – $457.1K
NOI $27,424 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - First-floor office condo with private offices, reception, kitchen, and restroom in a professionally managed plaza.
Where is this office units located?
The property is located at 1820 W Kettleman Ln Ste A & B Lodi, CA.
What is the asking price?
The asking price for this property is $579,800.
What are key features of this property?
This property features: 1,784 SF first‑floor office condominium in Lakeshore Office Plaza; Features a functional layout with several private offices plus a reception area; Includes a kitchen and a private restroom
