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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Drive through restaurants
1537 Wilson Way Stockton, CA 95205-3119
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3081873
Property summary
AI-generated overview
This exceptional investment opportunity presents a freestanding, 3,040 square foot QSR restaurant building located at 1537 N Wilson Way, Stockton, CA 95205. The property, built in 2008, sits on a 0.76-acre lot and benefits from a highly visible location at the signalized intersection of N. Wilson Way and E. Harding Way, experiencing 30,500 vehicles daily. The building features a drive-thru, enhancing operational efficiency and customer convenience. Currently 100% occupied by Kiki's Chicken under a Net Lease (NNN) agreement, the lease commenced on October 1, 2024, and has a remaining term of seven years, expiring December 15, 2031. The lease includes three percent annual rent bumps and two five-year renewal options. The asking price is $1,976,000, representing a 6.00% cap rate. The property is zoned GC and boasts proximity to major national retailers, ensuring high visibility and consistent customer traffic. This single-tenant, single-story building offers a secure, passive income stream with significant upside potential. The property's APN is 117-200-280. The tenant has no credit rating.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2008
Total area
3,040 SF
Lot
0.76 ac (33,186 SF)
Zoning code
GC
APN
117-200-280-000
UPID
US10-3081873
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
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$755k
Owner & transaction history
Megdal Violet LLC · 1 yrs held
Megdal Violet LLC
since 2025
7 recorded transactions
Zoning & alternative use
GC · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Stockton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stockton 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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$865,000
Current use
MEDICAL BUILDING
$750,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
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
$248 / 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
$17,416
Tax year 2024
Assessed value
$1,400,000
Assessed 2024
Previous assessed
$1,400,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$650,000
Assessed improvement
$750,000
Applied tax rate
3.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
3,040 SF
Lot
0.76 ac (33,186 SF)
Zoning code
GC
APN
117-200-280-000
UPID
US10-3081873
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
GC · Stockton, CA
Zoning GC · permitted uses
GC · Stockton, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stockton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$865,000
MEDICAL BUILDING
Est. value
$750,000
RESTAURANT Current
MEDICAL BUILDING
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
2008
Heating
NONE
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Megdal Violet LLC
Entity
Mailing address
252 S BEVERLY DR STE C, BEVERLY HILLS, CA 90212-3901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 27, 2025
—
Megdal Violet LLC
Harman Kfc Investment
Grant Deed
$5,870,000 · Midfirst Bank
Jun 3, 2024
$775,000
Megdal Violet LLC
Harman Kfc Investment
Grant Deed
—
Aug 8, 2008
—
Harman Kfc Inv LP
Owner Name Unavailable
Grant Deed
related
—
Mar 27, 2007
$1,060,000
Harman Kfc Investment
Harman Management Corp
Grant Deed
related
—
Oct 25, 2006
—
Sarieh Real Estate INC
Sarieh,ali M & Iman W
Quit Claim Deed
related
—
Feb 4, 2005
$88,000
Ali M Sarieh
Homsi,george & Maria
Grant Deed
—
Aug 27, 2004
$350,000
Ali M Sarieh
Sublaban,masoud E & Linda L
Grant Deed
related
$90,000 · Conley Family Trust
—
—
Ali M Sarieh
—
Deed Of Trust
related
$205,000 · Masoud E & Linda L Sublaban
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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