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Property profile & analytics
OFF-MARKET
Estimated value
$12,905,000
Apartment buildings
115 Louie Ave, Lodi, CA 95240-8202
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2060714
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD
Total area
76,532 SF
Lot
3 ac (130,680 SF)
Zoning code
N
APN
041-250-390-000
UPID
US09-2060714
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lodi Commons Senior Living Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.48M
Comparable Approach
Comparable
$11.94M
Blend (final)
Blend
$12.91M
Owner & transaction history
Lodi Commons 2022 LP · 4 yrs held
Lodi Commons 2022 LP
since 2022
Last sale
$12.6M
5 recorded transactions
Zoning & alternative use
N · Lodi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.3M
+163.6%
Medical building
$16.7M
+106.9%
Auto repair, garage
$11.9M
+47.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lodi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lodi submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,680,000
6.5%
$14,475,000
7%
$13,440,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,075,000
Current use
RESTAURANT
$21,290,000
Change: +164% · Conversion: Difficult
MEDICAL BUILDING
$16,710,000
Change: +107% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,870,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,815,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$8,810,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,775,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$12.91M
Range $11.61M – $14.20M · ±10% · vs last sale $12.60M (Mar 1 2022)
Last sale anchor
$12.60M
Mar 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$169 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$141,378
Tax year 2024
Assessed value
$13,105,965
Assessed 2024
Previous assessed
$13,105,965
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$3,433,320
Assessed improvement
$9,672,645
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
96
Bathrooms
96
Total area
76,532 SF
Lot
3 ac (130,680 SF)
Zoning code
N
APN
041-250-390-000
UPID
US09-2060714
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
N · Lodi, CA
Zoning N · permitted uses
N · Lodi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lodi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.1M
RESTAURANT
Est. value
$21.3M
MEDICAL BUILDING
Est. value
$16.7M
AUTO REPAIR, GARAGE
Est. value
$11.9M
INDUSTRIAL (GENERAL)
Est. value
$9.8M
OFFICE BUILDING
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
96
Bathrooms
96
Lot
3 ac
Current owner
From public records · entity-resolved
Lodi Commons 2022 LP
Entity
Mailing address
550 HOWE AVE STE #100, SACRAMENTO, CA 95825-8339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$12,600,000
Lodi Commons 2022 LP
Arbor Senior Apartments
Grant Deed
$8,435,000 · Cbre Capital Markets INC
Aug 3, 2012
—
Senior Apartments Arbor
Arbor Senior Apartments
Quit Claim Deed
—
—
—
Senior Apartments Arbor
—
Deed Of Trust
related
$2,785,690 · Rabobank
—
—
Senior Apartments Arbor
—
Deed Of Trust
related
$2,805,000 · Rabobank
—
—
Senior Apartments Arbor
—
Deed Of Trust
related
$2,900,000 · Bank Of Stockton
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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