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Property profile & analytics
OFF-MARKET
Estimated value
$8,065,000
Apartment buildings
210 Iris Ave Stockton, CA 95210-2451
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-1642876
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1976
Construction
WOOD
Total area
89,500 SF
Lot
4.56 ac (198,634 SF)
Zoning code
R3B
APN
079-280-160-000
UPID
US09-1642876
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
-
Hammer Lane Village Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.03M
Blend (final)
Blend
$8.07M
Owner & transaction history
Hammer Lane Village Senior Housing · 12 yrs held
Hammer Lane Village Senior Housing
since 2014
4 recorded transactions
Zoning & alternative use
R3B · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.1M
+4.1%
Auto repair, garage
$12.9M
+2.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,575,000
Current use
COMMERCIAL (GENERAL)
$13,090,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,925,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$8.07M
Range $7.26M – $8.87M · ±10%
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
$90 / 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
$2,929
Tax year 2024
Assessed value
$7,814,092
Assessed 2024
Previous assessed
$7,814,092
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$1,201,819
Assessed improvement
$6,612,273
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Bathrooms
14
Total area
89,500 SF
Lot
4.56 ac (198,634 SF)
Zoning code
R3B
APN
079-280-160-000
UPID
US09-1642876
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
R3B · Stockton, CA
Zoning R3B · permitted uses
R3B · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.6M
COMMERCIAL (GENERAL)
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1976
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Bathrooms
14
Lot
4.56 ac
Current owner
From public records · entity-resolved
Hammer Lane Village Senior Housing
Individual
Mailing address
4530 E 1000TH OAKS BLVD STE #100, WESTLAKE VILLAGE, CA 91362-3897
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2017
—
Hammer Lane Village Senior Housing
—
Deed
related
$5,440,000 · Davis Penn Mortgage Co
Feb 26, 2014
—
Hammer Lane Village Senior Housing
Hammer Lane Village LP
Grant Deed
$4,950,000 · California United Bank
Jun 29, 2004
—
Lane Village LP Hammer
Hammer Lane Village LP
Quit Claim Deed
related
$1,586,700 · Reilly Mortgage Group INC
—
—
Hammer Lane Village Senior Hou
—
Loan Modification
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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