Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18231 Murphy Pkwy Lathrop, CA 95330-8754

    • Warehouses
    • 198,183 SF
    • 11.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 27, 2022
    $30,250,000
    Value Estimations
    $30,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3146435
    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.

    Current Use by Public Records

    • RAD Urban / Industrial Manufacturer / Production Facility

    Property Details for 18231 Murphy Pkwy

    Year built
    2003
    Lot size
    11.00 lot acres
    Property size
    198,183 SF
    Property type
    Warehouses
    APN
    198-190-300-000
    APU
    198190300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $19,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $27,737,000
      Market price range: $10.1M - $31.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $18,885,000
      Current use
      MEDICAL BUILDING
      $43,275,000
      Change: +129% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $39,500,000
      Change: +109% Conversion: Difficult
      OFFICE BUILDING
      $38,420,000
      Change: +103% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $33,420,000
      Change: +77% Conversion: Easy
      AUTO REPAIR, GARAGE
      $30,740,000
      Change: +63% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $28,455,000
      Change: +51% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lathrop
    County
    San Joaquin
    State
    California
    Longitude
    -121.294
    Latitude
    37.8016
    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
    $371,298
    $4,396,200
    $26,458,800
    $30,855,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,610,000
      103,652 SF

      18551 Christopher Way

      WAREHOUSE, STORAGE • 103,652 SF
      18551 Christopher Way, Lathrop, CA 95330-8240
      View Details
    • Value Estimation
      $14,285,000
      440,490 SF

      700 Darcy Pkwy

      WAREHOUSE, STORAGE • 440,490 SF
      700 Darcy Pkwy, Lathrop, CA 95330-8755
      View Details
    • Value Estimation
      $40,590,000
      496,888 SF

      18260 Harlan Rd

      WAREHOUSE, STORAGE • 496,888 SF
      18260 Harlan Rd, Lathrop, CA 95330-8757
      View Details
    • Value Estimation
      $38,110,000
      381,555 SF

      3458 Yosemite Ave

      WAREHOUSE, STORAGE • 381,555 SF
      3458 Yosemite Ave, Lathrop, CA 95330-9792
      View Details
    • Value Estimation by Request
      0.94 Acres

      118 Klo Rd

      WAREHOUSE, STORAGE • 0.94 Acres
      118 Klo Rd, Lathrop, CA 95330
      View Details
    • Value Estimation
      $3,625,000
      40,000 SF

      15380 Mckinley Ave

      WAREHOUSE, STORAGE • 40,000 SF
      15380 Mckinley Ave, Lathrop, CA 95330-8782
      View Details

    Similar Nearby for Sale

    • $849,000
      3,000 SF

      Lathrop Industrial Flex Space

      3,000 SF flex space with office and shop/warehouse.
      195 D'arcy Pkwy, Lathrop, CA 95330
      View Details
    • $4,575,000
      61.00 Acres

      Lathrop Commercial Land - 61 Acres

      Prime Lathrop acreage, ideal for future development.
      1388 Frewert Rd, Lathrop, CA 95330
      View Details
    • $3,000,000

      93 Acres of Flat Land

      93 acres with lake, mobile homes, shop, and arena.
      1410 Frewert Rd, Lathrop, CA 95330
      View Details
    • Contact for pricing

      Lathrop Industrial Development Site

      32.71 acre industrial development site in Lathrop, California.
      600 De Lima Rd, Lathrop, CA 95330
      View Details
    • $275,000

      Lathrop Industrial Lot For Sale

      Prime vacant industrial land in Lathrop, CA. Excellent access.
      1691 Park St, Lathrop, CA 95330
      View Details
    • Contact for pricing
      125.93 Acres

      Prime Lathrop Commercial Land

      125 Acres, I-5 Access, High Traffic
      I-5 & Lathrop Rd | Nwq I-5 & Louise Ave, Lathrop, CA 95330
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      133,500 SF

      Lathrop Warehouse with Insulated Ceilings

      133,500 SF warehouse space available for lease in Lathrop.
      11980 S Harlan Rd, Lathrop, CA 95330
      View Details
    • Contact for pricing
      145,229 SF

      Lathrop Warehouse with Loading Docks

      145,229 SF warehouse with dock and ground-level doors.
      11960 S Harlan Rd, Lathrop, CA 95330
      View Details
    • Contact for pricing
      112,500 SF

      Lathrop Warehouse with I-5 Visibility

      112,500 SF warehouse space available for sublease in Lathrop.
      17100 S Harlan Rd, Lathrop, CA 95330
      View Details
    • Contact for pricing
      181,629 SF

      Lathrop Warehouse with Racking

      Sublease warehouse space with existing racking available in Lathrop.
      5050 Yosemite Ave, Lathrop, CA 95330
      View Details
    • Contact for pricing
      30,619 SF

      Freeway Facing Industrial Facility

      Industrial facility with drive-in doors, office space, and truck wash.
      12550 S Harlan Rd, Lathrop, CA 95330
      View Details
    • Contact for pricing
      20,000 SF

      Lathrop Industrial Land for Lease

      Industrial land available for lease in Lathrop, California.
      12833 S Manthey Rd, Lathrop, CA 95330
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18231 Murphy Pkwy
    Lathrop, CA 95330-8754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.