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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Warehouses
12023 Brandt Rd Lockeford, CA 95237
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3124973
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
4,875 SF
Lot
2.32 ac (101,059 SF)
Zoning code
62
APN
051-320-080-000
UPID
US10-3124973
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$1.05M
Owner & transaction history
Dlj Properties LLC · 2 yrs held
Dlj Properties LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
62 · Lockeford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+129.2%
Commercial (general)
$970,000
+109.2%
Office building
$945,000
+103.5%
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 Lockeford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lockeford 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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,065,000
Change: +129% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: +109% · Conversion: Difficult
OFFICE BUILDING
$945,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$755,000
Change: +63% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Feb 26 2024)
Last sale anchor
$1.05M
Feb 26 2024
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
$215 / 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
$8,372
Tax year 2024
Assessed value
$716,315
Assessed 2024
Previous assessed
$716,315
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$291,832
Assessed improvement
$424,483
Applied tax rate
99.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
4,875 SF
Lot
2.32 ac (101,059 SF)
Zoning code
62
APN
051-320-080-000
UPID
US10-3124973
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
62 · Lockeford, CAZoning 62 · permitted uses
62 · Lockeford, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$970,000
OFFICE BUILDING
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$755,000
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2019
Heating
NONE
Stories
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
Dlj Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9895 DOUBLE R BLVD, RENO, NV 89521-5917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
Dlj Properties LLC
—
Deed
related
—
Feb 26, 2024
$1,050,000
Dlj Properties LLC
Burl Investments LLC
Grant Deed
—
Oct 6, 2020
—
Burl Investments LLC
—
Deed
related
$540,000 · Bbva USA
Jul 17, 2020
$675,000
Burl Investments LLC
Larry G Woods
Grant Deed
—
Jul 29, 2016
$247,000
Larry G Woods
Frechette,brad
Grant Deed
—
Oct 10, 2005
—
Brad Frechette
Frechette,dessa L
Quit Claim Deed
related
—
Oct 10, 2005
$217,500
Brad Frechette
Honea,melba A
Grant Deed
$212,500 · Melba A Honea
—
—
Donald R Honea
—
Deed Of Trust
related
$25,000 · Stockton Teachers Cu
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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