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    1341 Kettleman Ln Lodi, CA 95240-9765
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    Property profile & analytics

    1341 Kettleman Ln, Lodi, CA 95240-9765

    View on Map
    • Hotels
    • 59,674 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Nov 30, 2021
    $15,350,000
    Property ID
    US09-2934292
    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
    $12,740,000
    Show details
    Cap Rate Potential
    2.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Holiday Inn Express Lodi, an IHG Hotel / Hotel & Motel

    Property Details for 1341 Kettleman Ln

    Year built
    2009
    Lot size
    2.00 lot acres
    Property type
    Hotels
    APN
    049-310-740-000
    APU
    49310740000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 5, 2022 — Cy3 LLC — Deed · related $5.1M · Cen Cal Business Finance Group
    Nov 30, 2021 $15,350,000 Cy3 LLC Mlk Family Properties LLC Grant Deed $7.8M · Tri Counties Bank
    Nov 20, 2017 — Mlk-family Properties LLC — Deed · related $900k · Tri Counties Bank
    Mar 31, 2010 — Mlk Family Properties LLC Kyu S Kim Grant Deed $2M · Edf Resource Capital INC
    Dec 31, 2009 — Kyu S Kim Kfp-galt LLC Grant Deed $5.8M · Community Business Bank
    Jun 13, 2008 — Kfp-galt LLC — Trustees Deed · related $7.8M · Community Business Bank
    — — Mlk Family Properties LLC — Deed Of Trust · related $5.4M · Community Business Bk
    — — Mlk-family Properties LLC — Deed Of Trust · related $7.5M · Tri Counties Bank
    — — Mlk-family Properties LLC — Deed Of Trust · related $900k · Tri Counties Bank
    — — Mlk-family Properties LLC — Deed Of Trust · related $5.8M · Community Business Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,044,000
      Market price range: $5.34M - $13.0M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $9,115,000
      Current use
      RESTAURANT
      $16,600,000
      Change: +82% Conversion: Difficult
      MEDICAL BUILDING
      $13,030,000
      Change: +43% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,255,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $7,650,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lodi
    County
    San Joaquin
    State
    California
    Longitude
    -121.25
    Latitude
    38.1172
    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
    $176,378
    $2,174,436
    $14,263,284
    $16,437,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,670,000
      53,980 SF

      1345 Kettleman Ln

      HOTEL
      1345 Kettleman Ln, Lodi, CA 95240-9765
      View Details
    • Value Estimation
      $780,000
      13,500 SF

      7 Oak St

      HOTEL
      7 Oak St, Lodi, CA 95240-3504
      View Details
    • Value Estimation
      $610,000
      10,900 SF

      106 School St

      HOTEL
      106 School St, Lodi, CA 95240-2120
      View Details
    • Value Estimation by Request
      0.12 Acres

      4 Main St

      HOTEL
      4 Main St, Lodi, CA 95240-2935
      View Details
    • Value Estimation
      $4,895,000
      53,167 SF

      1337 Beckman Rd

      HOTEL
      1337 Beckman Rd, Lodi, CA 95240-3175
      View Details
    • Value Estimation by Request
      6,940 SF

      607 Cherokee Ln

      MOTEL
      607 Cherokee Ln, Lodi, CA 95240-4234
      View Details

    Similar Nearby for Sale

    • $118,995

      Commercial Land For Sale

      Commercial land available for sale.
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    • Contact for pricing
      28,180 SF

      Former Rite Aid Prime Location

      Former Rite Aid in a high-traffic commercial neighborhood.
      520 Lodi Ave, Lodi, CA 95240
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      4,974 SF

      Versatile Medical Office Space

      Adaptable medical office with treatment rooms and income potential.
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      Land for Sale in Lodi

      Land available for sale in Lodi, California.
      12590 Live Oak Rd, Lodi, CA 95240
      View Details
    • $2,350,000
      65,340 SF

      Lodi Industrial Portfolio: High Cap Rate

      Three-building portfolio, strong tenant, 6.4% cap rate.
      709 Sacramento St, Lodi, CA 95240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Lodi, CA

      Retail space available for lease in Lodi, California.
      550 S Cherokee Ln, Lodi, CA 95240
      View Details
    • Contact for pricing
      1,827 SF

      Retail Space in Starbucks Plaza

      Class A retail space suitable for smaller retailers.
      224 N Ham Ln, Lodi, CA 95240
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building in a campus-like setting.
      3021 Reynolds Ranch Pkwy, Lodi, CA 95240
      View Details
    • Contact for pricing
      960 SF

      Downtown Lodi Office Space Available

      Office space in prime downtown Lodi location for rent.
      217 N School St, Lodi, CA 95240
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Central Lodi

      Retail space with great exposure near major retailers.
      708-1520 W Kettleman Ln, Lodi, CA 95240
      View Details

    Property Visit Statistics

    • Visits by month
      5.2k
    • Visitors by month
      3.1k
    • Avg Time on site
      403 min
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    Lodi, CA 95240-9765
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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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