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Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Office buildings
1949 Kettleman Ln, Lodi, CA 95242-4355
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2385859
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Total area
11,299 SF
Lot
1.28 ac (55,757 SF)
APN
031-040-280-000
UPID
US09-2385859
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
-
Chicago Title Insurance Co Title Company
-
Pennino Management Group Business Management Consultant
-
C&H Financial Services, Inc. Corporate Office
-
Narrow Road Champions, Inc. Advertising Agency Marketing & Advertising
-
Rosa Baez Lodi Ca Real Estate Agent Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
$2.11M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$2.17M
Owner & transaction history
Angelo J Anagnos · 5 yrs held
Angelo J Anagnos
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+12.2%
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 Lodi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lodi 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
$1,330,000
ML approach
$1,530,000
CAP Approach
CAP Return
Estimation
6%
$2,280,000
6.5%
$2,105,000
7%
$1,950,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,800,000
Current use
RESTAURANT
$3,145,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$2,465,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10% · vs last sale $2.30M (Apr 30 2021)
Last sale anchor
$2.30M
Apr 30 2021
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
$192 / 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
$26,266
Tax year 2024
Assessed value
$2,440,776
Assessed 2024
Previous assessed
$2,440,776
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,006,024
Assessed improvement
$1,434,752
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
11,299 SF
Lot
1.28 ac (55,757 SF)
APN
031-040-280-000
UPID
US09-2385859
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING Current
RESTAURANT
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.28 ac
Current owner
From public records · entity-resolved
Angelo J Anagnos
Individual
Mailing address
848 ALDER PL, LODI, CA 95242-3738
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 30, 2021
$2,300,000
Angelo J Anagnos
Millsbridge Office Park West LP
Grant Deed
—
Aug 31, 2017
—
Millsbridge Office Pk W LP
—
Deed
related
$980,000 · Bank Of Stockton
Oct 4, 2006
—
Millsbridge Office Park West
Kirst Jeffrey & C Trust
Grant Deed
—
Nov 26, 2001
$300,000
Kirst Trust
Tokay Development INC
Grant Deed
related
$1,162,500 · Bank Of Stockton
Jun 27, 2000
—
Tokay Development INC
—
Deed Of Trust
related
$2,630,000 · Bank Of Stockton
Jun 30, 1998
—
Tokay Development
—
Deed Of Trust
related
$2,750,000 · Washington Mutual Fsb
—
—
Millsbridge Office Park West L
—
Deed Of Trust
related
$1,300,000 · Rabobank
—
—
Millsbridge Office Pk W LP
—
Deed Of Trust
related
$980,000 · Bank Of Stockton
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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