Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office Condominium For Sale Title is generated by Realmo AI

    5637 Pershing Avenue #G17, Stockton, CA 95207

    View on Map
    Claim this Listing
    For Sale
    $156,000

    Office condominium in secured park, renovated with new flooring, paint.

    Type:Office
    Property size:
    798 SF
    Price / SF:
    $195/SF
    Added:
    Mar 6, 2026
    Days on Market:
    83
    Last Refresh:
    Apr 5 at 10:05 pm

    Property Features for 5637 Pershing Avenue #G17

    General Information

    Standard status
    Active
    Size
    798 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Jim Martin, SIOR

    Listing agent Jim Martin, SIOR License #CalDRE #01214270

    Listing office Lee & Associates | Stockton

    Listing date Mar 6, 2026

    Source Lee-associates

    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 Lee & Associates | Stockton

    HighLights

    • Newly renovated with new paint and LVP flooring.
    • Located in a secured office park.
    • Three offices plus open area and storage/IT closet.
    • Abundant parking.
    • Floor to ceiling windows facing Pershing Avenue.
    • Secured and gated courtyard.

    Overview

    This professional office condominium is located within a secured office park on Pershing Avenue. The unit offers 798 square feet of space and features a layout that includes three offices, an open area, and a storage/IT closet. Floor-to-ceiling windows face Pershing Avenue, providing natural light. Common area restrooms are available. Abundant parking is provided. The unit is currently being renovated and will be delivered with new paint and new LVP flooring. The property also features a secured and gated courtyard.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $152.6K
    NOI $13,736 @ 9.00% cap · cautious / downside scenario
    Moderate
    $196.2K
    NOI $13,736 @ 7.00% cap · market / base-case scenario
    Aggressive
    $274.7K
    NOI $13,736 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $21.5k $27.00
    − Vacancy −$3.2k −$4.05
    EGI $18.3k $22.95
    − OpEx −$4.6k −$5.74
    NOI $13.7k $17.21
    798 SF · lease $27.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $196.2K
    $171.7K – $228.9K (±1% cap)
    NOI $13,736 @ 7.0% cap · market cap 8.81%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $264.8K
    $231.7K – $309.0K (±1% cap)
    NOI $18,539 @ 7.0% cap · market cap 11.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Stockton injury Center Alternative Medicine Practice Celebrations Speech Group Physician E J Williams ... Construction Company Law Office Of John ... Law Firm Law Office of Curry ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    San Joaquin
    State
    California
    Longitude
    -121.326
    Latitude
    37.9985

    Nearby Similar for Sale

    • $575,000
      2,000 SF

      Stockton Duplex with Income Potential

      Two residences on one lot, ideal for investors or homeowners.
      3227 Bonnie Lane, Stockton, CA 95204
      View Details
    • $825,000
      3,995 SF

      Freestanding Dental Office Building

      Turnkey dental office with income potential in Central Stockton.
      1616 North Harrison Street, Stockton, CA, 95204
      View Details
    • $689,000
      2,136 SF

      Stockton Duplex in Quail Lakes

      Charming duplex in central Quail Lakes community, great investment opportunity.
      1728- 1730 Silver Creek Circle, Stockton, CA 95207
      View Details
    • $454,900
      1,390 SF

      Stockton Duplex: Investor Opportunity

      Duplex in Stockton, CA with strong cash flow potential.
      2150 Michael Avenue, Stockton, CA 95206
      View Details
    • $699,000

      Established Food Processing Facility

      Food processing facility near downtown Stockton and Highway 4.
      308 308 E Hazelton Ave, Stockton, CA 95203
      View Details
    • $735,000
      3,960 SF

      Stockton Retail/Office Space For Sale

      Retail/office space with high visibility and convenient access.
      8807 Thornton Rd, Stockton, CA 95209
      View Details
    • $735,000
      3,960 SF

      Retail Building on Thornton Road

      Retail building with high visibility on a major thoroughfare.
      8807 Thornton Rd, Stockton, CA 95209
      View Details
    • $2,475,000
      17,692 SF

      Multi-Tenant Retail Building For Sale

      Freestanding 17,692 SF retail building on 60,000 SF lot.
      2517 E Fremont St, Stockton, CA 95205
      View Details
    • $1,085,000
      3,386 SF

      Free-Standing Medical Office Building

      3,386 SF medical office on .23 acres for sale.
      435 E Harding Way, Stockton, CA
      View Details
    • $6,590,000
      55,300 SF

      Stockton Industrial Truck Repair Facility

      12.63-acre industrial facility with warehouses, offices, and truck parking.
      1624 E Alpine Ave #A,, Stockton, CA 95205
      View Details
    • $28,180,000
      6,514 SF

      Class A Office Complex

      State-of-the-art office complex with modern amenities for rent.
      10100 Trinity Pkwy, Stockton, CA
      View Details
    • $1,445,000
      8,494 SF

      Freestanding Medical Building Near Hospital

      Medical building near Dameron Hospital with flexible layout.
      435-445 W. Poplar Street, Stockton, CA 95203
      View Details

    FAQs

    What type of property is this?
    Office units - Office condominium in secured park, renovated with new flooring, paint.
    Where is this office units located?
    The property is located at 5637 Pershing Avenue #G17 Stockton, CA.
    What is the asking price?
    The asking price for this property is $156,000.
    What are key features of this property?
    This property features: Newly renovated with new paint and LVP flooring.; Located in a secured office park.; Three offices plus open area and storage/IT closet.
    (209) 983-4088
    We can help!
    Listing Contact
    Jim Martin, SIOR
    Real Estate License ID: CalDRE #01214270
    Learn More
    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
    5637 Pershing Avenue, #G17, Stockton, CA 95207
    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!