R-2 Multifamily
New
For Sale
$579,999
710 S Stockton Street, Lodi, CA 95240
Multifamily property with ceiling fans, window units, and floor furnace heating.
Property Size1,900 SF
Price / SF$305.26
Days on Market2
Property Features for 710 S Stockton Street
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Residential Income
Zoning
R-2
Amenities
Ceiling Fan(s), Window Unit(s)
Floor Furnace
Covered
Building Details
Year Built
1920
Buildings
2
Stories
1
Listing Agency:
(209) 598-1502
Listed By:
Janet Ramirez · License #01811091
(209) 598-1502
Source:
Evrealestate
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 9:16AM
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 Janet Ramirez
Investment Insights
Based on property information with market context.
This multifamily property is located at 710 S Stockton Street in Lodi, California. The property carries R-2 zoning and was built in 1920.
Interior features include ceiling fans, window unit air conditioning, and a floor furnace. The exterior includes a covered feature. Access is described from Stockton 99 via the Kettleman exit, Stockton Street, and the property address.
Interior features include ceiling fans, window unit air conditioning, and a floor furnace. The exterior includes a covered feature. Access is described from Stockton 99 via the Kettleman exit, Stockton Street, and the property address.
Key Highlights
- R‑2 zoning designation
- Built in 1920
- Ceiling fans and window unit air conditioning
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
$23,354
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
4.03%
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%
$467,080
$467.1K
Cap Rate 7%
$333,629
$333.6K
Cap Rate 9%
$259,489
$259.5K
Market Conditions
NOI Build-Up for 1,900 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
$44.2K $23.28/SF
− Vacancy
−$1.8K −$0.93/SF
EGI
$42.5K $22.35/SF
− OpEx
−$19.1K −$10.06/SF
NOI
$23.4K $12.29/SF
Area
San Joaquin County, CA
Vacancy
4.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$467,080
Cap Rate 7%
$333,629
Cap Rate 9%
$259,489
Alternative Uses
Best Use
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,354 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.2K
$365.1K – $486.8K
NOI $29,207 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Explore this area
Business Placement
Demographics for 95240, CA
49,102
Population
17,304
Households
2.8
Avg Household Size
35
Median Age
18%
College-Educated
76%
High-School Grad
68.2 sq mi
ZIP Area
720
Density / Sq Mi
$76,870
Median Household Income
$38,359
Median Earnings
$1,439
Median Rent
$443,700
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Multifamily property - Multifamily property with ceiling fans, window units, and floor furnace heating.
Where is this multifamily property located?
The property is located at 710 S Stockton Street Lodi, CA.
What is the asking price?
The asking price for this property is $579,999.
What are key features of this property?
This property features: R‑2 zoning designation; Built in 1920; Ceiling fans and window unit air conditioning
