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    Lockeford Historic Building For Sale Title is generated by Realmo AI

    13480 E State Highway 88, Lockeford, CA 95237

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    Historic building in Lockeford, California, with multiple potential uses.

    Type:Retail
    Added:
    Apr 23, 2024
    Days on Market:
    770
    Last Refresh:
    May 12 at 9:17 pm

    Property Features for 13480 E State Highway 88

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1883

    We can help!

    Listing Contact
    Bruce Renfrew

    Listing agent Bruce Renfrew License #CA

    Listing office California Outdoor Properties

    Listing date Apr 23, 2024

    Source Crexi

    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 California Outdoor Properties

    HighLights

    • Historic building (circa 1883) with unique architectural features and rich history.
    • Versatile main floor suitable for a bar, restaurant, or event space with high visibility (26,000 cars passing daily).
    • Established and meticulously staged AirBnB retreat on the second floor with 3 bedrooms, 2 bathrooms, and a fully equipped kitchen.
    • Basement designed for a speakeasy or recreational space, offering a unique entertainment venue.
    • Features a majestic mahogany bar (formerly of the British Bankers Club), Tiffany art, and a rare antique piano.
    • Located in a desirable area near Lodi vineyards, Clements rodeo grounds, Rancho Murieta event center, and historic Gold Country.

    Overview

    The Lockeford Historic Building, erected in 1883, is located in Lockeford, California. This building is positioned in a burgeoning wine town, neighboring the vineyards of Lodi, and a rugged cowboy enclave, bordered by the Clements rodeo grounds and the Rancho Murieta event center. It is also near the historic Gold Country, including Angels Camp. The main floor features a mahogany bar, once gracing the British Bankers Club, and Tiffany art. A rare antique piano is also present. The main floor serves as a bar, restaurant, or event space, suitable for rehearsal dinners and wedding receptions. The second story contains an AirBnB retreat, with a fully equipped kitchen, three bedrooms, and two bathrooms. The living room and sitting area offer views of Lockeford. The basement, constructed with post and beam architecture, is suited for a speakeasy or a recreational space. The building benefits from 26,000 cars passing by daily.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Similar Places Nearby

    • THE OFFICE — 14088 CA-88, Lockeford, CA 95237
    • Office — 14088 ca-88, lockeford, ca 95237

    Map

    City
    Lockeford
    County
    San Joaquin
    State
    California
    Longitude
    -121.139
    Latitude
    38.1662

    Nearby Similar for Sale

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    • $700,000

      Historic Lockeford Emporium For Sale

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      Established Smoke Shop For Sale

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    FAQs

    What type of property is this?
    Bar & Pub - Historic building in Lockeford, California, with multiple potential uses.
    Where is this bar & pub located?
    The property is located at 13480 E State Highway 88 Lockeford, CA.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Historic building (circa 1883) with unique architectural features and rich history.; **Versatile main floor suitable for a bar, restaurant, or event space with high visibility (26,000 cars passing daily).**; **Established and meticulously staged AirBnB retreat on the second floor with 3 bedrooms, 2 bathrooms, and a fully equipped kitchen.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bruce Renfrew
    Real Estate License ID: CA
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    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.

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