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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Motels
1604 Wilson Way Stockton, CA 95205-3120
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-0057706
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1956
Total area
13,681 SF
Lot
0.93 ac (40,400 SF)
Zoning code
C2
APN
117-270-250-000
UPID
US09-0057706
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
-
Santos Produce Grocery & Convenience Store Food Market
-
Relax Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.20M
Owner & transaction history
Town Center Studios LP · 5 yrs held
Town Center Studios LP
since 2020
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
C2 · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+61.6%
Office building
$2.5M
+20.8%
Commercial (general)
$2.5M
+17.9%
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
$2,250,000
ML approach
$2,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,090,000
Current use
MEDICAL BUILDING
$3,375,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$2,525,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,465,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,410,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,375,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,325,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±10% · vs last sale $2.00M (Nov 16 2020)
Last sale anchor
$2.00M
Nov 16 2020
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
$160 / 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
$401
Tax year 2024
Assessed value
$2,162,225
Assessed 2024
Previous assessed
$2,162,225
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$557,134
Assessed improvement
$1,605,091
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1956
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
13,681 SF
Lot
0.93 ac (40,400 SF)
Zoning code
C2
APN
117-270-250-000
UPID
US09-0057706
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
C2 · Stockton, CA
Zoning C2 · permitted uses
C2 · 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
HOTEL/MOTEL Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1956
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Town Center Studios LP
Entity
Mailing address
2431 W MARCH LN STE #350, STOCKTON, CA 95207-8218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2020
$2,000,000
Town Center Studios LP
V & K Patel INC
Grant Deed
—
Oct 2, 2017
$1,400,000
V & K Patel INC
Prithviraj LLC
Grant Deed
$1,150,000 · Pinnacle Bank
Jan 10, 2006
$1,351,000
Prithviraj LLC
Patel,subodh R
Grant Deed
$937,500 · United Labor Bank
Feb 5, 2004
—
Subodh R Patel
Patel,subodh R & Diwali G
Quit Claim Deed
related
$480,000 · Service First Bank
—
—
Prithviraj LLC
—
Deed Of Trust
related
$50,000 · Subodh R Patel
—
—
Prithviraj LLC
—
Deed Of Trust
related
$1,625,000 · Oceanic Bank
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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