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    1120 W Hammer Ln Stockton, CA 95210

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    1120 W Hammer Ln Stockton, CA 95210

    View on Map
    • Retail space
    • 66,817 SF
    • 3.49 lot acres
    For Lease
    $4,150,000
    View Listing →
    Stockton Land Parcel For Rent For Lease
    $4,150,000

    Stockton Land Parcel For Rent

    Land parcel available for rent in Stockton, California.

    1120 W Hammer Ln, Stockton, CA
    View Listing
    Property ID
    US09-0278662
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,150,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 99 Cents Only Stores / Discount Store
    • Amazon Locker - Progress / Postal Service / Courier Service
    • dd's DISCOUNTS / Discount Store / Home Goods Store

    Property Details for 1120 W Hammer Ln

    Lot size
    3.49 lot acres
    Property size
    66,817 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    094-030-430-000
    APU
    94030430000

    Description

    This exceptional 21,941 square foot commercial land parcel presents a unique investment opportunity in Stockton, California. Situated on a signalized corner at the intersection of West Hammer Lane and Thornton Road (which transitions to Pacific Avenue), this property benefits from exceptional visibility and accessibility. Hammer Lane provides direct access to Interstate 5 and Highway 99, ensuring high traffic volume. The location is within a thriving retail corridor, surrounded by established businesses including Stockton Urgent Care, Global Auto Parts, Walgreens, Restaurant Depot, Starbucks, Papa Murphy's, 7-Eleven, Aaron's, Smart & Final, Michaels, and TJ Maxx, among others. This strategic positioning within a dense residential area offers significant potential for a variety of commercial uses, including retail, drive-thru, and office spaces. The surrounding area boasts over 28,000 households within a two-mile radius, with an average annual household income exceeding $83,000, indicating strong consumer spending power and a robust market for commercial ventures. The property is located at 1120 W Hammer Ln, Stockton, CA 95209, in San Joaquin County. This single-tenant site offers significant potential for developers and investors seeking a high-impact location in a rapidly growing area. The property is zoned for commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,150,000
      ML approach
      $4,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,232,000
      Market price range: $3.23M - $11.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,475,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    San Joaquin
    State
    California
    Longitude
    -121.298
    Latitude
    38.0196
    CBSA code
    44700
    CBSA name
    STOCKTON, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $51,160
    $1,847,120
    $2,270,215
    $4,117,335
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      View Details
    • Value Estimation
      $8,705,000
      117,320 SF

      1616 Hammer Ln

      RETAIL STORES (PERSONAL SERVICES) • 117,320 SF
      1616 Hammer Ln, Stockton, CA 95210-4119
      View Details
    • Value Estimation
      $2,600,000
      0.78 Acres

      850 Hammer Ln

      RETAIL STORES (PERSONAL SERVICES) • 0.78 Acres
      850 Hammer Ln, Stockton, CA 95210-3733
      View Details
    • Value Estimation
      $1,145,000
      15,940 SF

      1304 Hammer Ln

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      1304 Hammer Ln, Stockton, CA 95210-2756
      View Details
    • Value Estimation
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      14,000 SF

      1024 March Ln

      RETAIL STORES (PERSONAL SERVICES) • 14,000 SF
      1024 March Ln, Stockton, CA 95210-3514
      View Details
    • Value Estimation by Request
      3,600 SF

      4975 Ww Ln

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      4975 Ww Ln, Stockton, CA 95210-3509
      View Details

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    View Listing
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    Stockton, CA 95210
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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.

    More about this property
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    1120 W Hammer Ln, Stockton, CA, 95210

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