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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Manufacturing properties
1903 Navy Dr Stockton, CA 95206-1141
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1620202
Property summary
AI-generated overview
This exceptional 11,520 square foot property, situated on a 0.82-acre lot at 1903 Navy Drive in Stockton, CA, presents a unique opportunity for cannabis entrepreneurs. Located within Stockton's thriving industrial sector, this property benefits from excellent accessibility and visibility. The expansive square footage offers ample space for a variety of cannabis-related operations, allowing for significant scalability and future expansion. Importantly, the property has already received pre-approval for various cannabis uses under the city's zoning regulations, eliminating potential delays and streamlining the setup process. This significantly reduces the risk and uncertainty often associated with establishing a cannabis business. The asking price is $2,495,000, and flexible purchase options are available to accommodate diverse financial strategies. This turnkey solution provides a solid foundation for long-term growth and success in the burgeoning cannabis industry. Don't miss this chance to secure a prime location with pre-approved cannabis zoning in a dynamic market. Contact us today to learn more and schedule a viewing.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
11,520 SF
Lot
0.82 ac (35,804 SF)
Zoning code
M2
APN
163-310-120-000
UPID
US09-1620202
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
-
D & V Machine Shop Industrial Manufacturer
-
Tractor Plow Inc Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Samuel Chavez · 2 yrs held
Samuel Chavez
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
M2 · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+54.8%
Commercial (general)
$1.7M
+22.7%
Auto repair, garage
$1.7M
+21.1%
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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
$2,305,000
6.5%
$2,125,000
7%
$1,975,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,375,000
Current use
OFFICE BUILDING
$2,125,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,685,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,665,000
Change: +21% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,620,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Mar 15 2024)
Last sale anchor
$1.60M
Mar 15 2024
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
$139 / 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
$9,063
Tax year 2024
Assessed value
$589,131
Assessed 2024
Previous assessed
$589,131
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$147,281
Assessed improvement
$441,850
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Stories
1
Total area
11,520 SF
Lot
0.82 ac (35,804 SF)
Zoning code
M2
APN
163-310-120-000
UPID
US09-1620202
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
M2 · Stockton, CAZoning M2 · permitted uses
M2 · Stockton, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
Heating
NONE
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Samuel Chavez
Individual
Mailing address
1903 NAVY DR, STOCKTON, CA 95206-1141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
—
Samuel Chavez
—
Deed
related
$310,000 · Scottsdale Mortgage Fund 60 LLC
Mar 15, 2024
$1,600,000
Samuel Chavez
Modo Spring LLC
Grant Deed
—
Mar 15, 2024
—
Samuel Chavez
Maira Martha Zaragoza Rivas
Intrafamily Transfer
related
—
Apr 8, 2019
—
Modo Spring LLC
—
Deed
related
$69,196 · Randy & Douglass Chloupek
Feb 28, 2019
—
Douglas Chloupek
Chloupek,brianna
Quit Claim Deed
—
Jun 4, 2015
$500,000
Ramaundy J Springfield
Ekrem Martin R
Grant Deed
$339,000 · Jadhav Family Trust (pt)
Jun 4, 2015
—
Martin R Ekrem
Ekrem Myra S
Quit Claim Deed
related
—
Mar 4, 2014
$349,000
Martin R Ekrem
Statewide Reconveyance
Trustees Deed
related
—
Feb 12, 2014
—
Pedro Trust
Lawrence V & J 1994 Trust
Quit Claim Deed
related
—
Feb 7, 2014
—
Pedro Trust
Lawrence V & J 1994 Trust
Quit Claim Deed
related
—
Oct 5, 1994
—
Lawrence Trust
Lawrence,ventura A & Jacqueline
Quit Claim Deed
related
—
—
—
Modo Spring LLC
—
Deed Of Trust
related
$69,196 · Randy & Douglass Chloupek
—
—
Lawrence V A & J E 1994 Trust
—
Deed Of Trust
related
$390,000 · Martin R Ekrem
—
—
Ventura A Lawrence
—
Deed Of Trust
related
—
—
—
Ventura A Lawrence
—
Deed Of Trust
related
$170,000 · Wells Fargo 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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