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Property profile & analytics
OFF-MARKET
Estimated value
$6,965,000
Grocery and convenience stores
1616 March Ln Stockton, CA 95210-5664
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2289380
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Total area
49,330 SF
Lot
4.05 ac (176,418 SF)
Zoning code
GC
APN
096-140-200-000
UPID
US09-2289380
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
-
Cocos Food Specialty Food Shop Supermarket
-
Sweet & Snow Grocery & Convenience Store Specialty Food Shop
-
MoneyGram Bank Credit Union
-
Tiger Boba Milk Cafe & Coffee Shop
-
COCODAK w/ 92 Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.66M
CAP Approach
CAP
$7.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.97M
Owner & transaction history
Hmiii March Lane LLC · 1 yrs held
Hmiii March Lane LLC
since 2025
Last sale
$7.2M
5 recorded transactions
Zoning & alternative use
GC · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.1M
+90.4%
Industrial (general)
$8.3M
+73.4%
Commercial (general)
$7.2M
+50.9%
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
$6,575,000
ML approach
$6,655,000
CAP Approach
CAP Return
Estimation
6%
$7,900,000
6.5%
$7,290,000
7%
$6,770,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,780,000
Current use
OFFICE BUILDING
$9,105,000
Change: +90% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,290,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,215,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,125,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,930,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$6.97M
Range $6.27M – $7.66M · ±10% · vs last sale $7.15M (Apr 1 2025)
Last sale anchor
$7.15M
Apr 1 2025
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
$141 / 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
$36,339
Tax year 2024
Assessed value
$2,788,794
Assessed 2024
Previous assessed
$2,788,794
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,399,866
Assessed improvement
$1,388,928
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
49,330 SF
Lot
4.05 ac (176,418 SF)
Zoning code
GC
APN
096-140-200-000
UPID
US09-2289380
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
RETAIL STORES Current
Est. value
$4.8M
OFFICE BUILDING
Est. value
$9.1M
INDUSTRIAL (GENERAL)
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.05 ac
Current owner
From public records · entity-resolved
Hmiii March Lane LLC
Entity
Mailing address
46900 CEDAR LK PLZ STE #150, STERLING, VA 20164-8677
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$7,150,000
Hmiii March Lane LLC
S & J Food Service LLC
Grant Deed
$4,600,000 · East West Bank
Aug 30, 2019
—
S&j Food Service LLC
—
Deed
related
$3,096,000 · Hanmi Bank
Jun 11, 2019
$2,550,000
S & J Food Service LLC
Save Mart Supermarkets
Grant Deed
—
Jul 31, 1997
—
Save Mart Supermarkets
Lucky Stores INC
Grant Deed
related
—
Aug 28, 1989
—
Lucky Stores INC
—
Deed Of Trust
related
—
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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