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    Property profile & analytics

    221 Edison St Manteca, CA 95336-3786

    • Apartment buildings
    • 6,837 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Jun 28, 2024
    $2,100,000
    Value Estimations
    $1,900,000
    Show details
    Cap Rate Potential
    4%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-0237660
    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

    • Apartment buildings

    Property Details for 221 Edison St

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Property size
    6,837 SF
    Zone code
    14
    Property type
    Apartment buildings
    APN
    223-141-080-000
    APU
    223141080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,100,000
      ML approach
      $2,100,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,400,000
      6.5%
      $1,295,000
      7%
      $1,200,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,750,000
      Current use
      COMMERCIAL (GENERAL)
      $3,455,000
      Change: +26% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Manteca
    County
    San Joaquin
    State
    California
    Longitude
    -121.215
    Latitude
    37.8069
    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
    $13,174
    $340,399
    $848,172
    $1,188,571
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $370,000
      29,616 SF

      1555 Crestwood Ave

      APARTMENT HOUSE (100+ UNITS) • 29,616 SF
      1555 Crestwood Ave, Manteca, CA 95336-2841
      View Details
    • Value Estimation
      $400,000
      5,106 SF

      511 Eastwood Ave

      APARTMENT HOUSE (100+ UNITS) • 5,106 SF
      511 Eastwood Ave, Manteca, CA 95336-3194
      View Details
    • Value Estimation
      $390,000
      10,239 SF

      420 Maple Ave

      APARTMENT HOUSE (100+ UNITS) • 10,239 SF
      420 Maple Ave, Manteca, CA 95336-4532
      View Details
    • Value Estimation
      $250,000
      1,827 SF

      155 Washington Ave

      APARTMENT HOUSE (5+ UNITS) • 1,827 SF
      155 Washington Ave, Manteca, CA 95336-5830
      View Details
    • Value Estimation
      $3,770,000
      17,648 SF

      580 Lincoln Ave

      APARTMENT HOUSE (100+ UNITS) • 17,648 SF
      580 Lincoln Ave, Manteca, CA 95336-3948
      View Details
    • Value Estimation
      $14,650,000
      106,576 SF

      574 Button Ave

      APARTMENT HOUSE (100+ UNITS) • 106,576 SF
      574 Button Ave, Manteca, CA 95336-9576
      View Details

    Similar Nearby for Sale

    • $1,600,000
      10,436 SF

      Mixed-Use Property in Downtown Manteca

      Mixed-use property with retail and residential units in revitalizing downtown.
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    • $1,600,000
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      Manteca Commercial Condo - Hwy 99 Visibility

      High-traffic location, versatile space, great income potential.
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    • $1,799,000

      Commercial Land on Main Street

      Prime commercial land in a dynamic retail and residential market.
      847 N Main St, Manteca, CA 95336
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    • $865,000

      Specialty Property for Sale

      Specialty property available for purchase.
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    • $550,000
      2,988 SF

      Downtown Commercial Building on Yosemite

      Freestanding commercial building in downtown Manteca with versatile floor plan.
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    • $1,799,000

      Vacant Land in Manteca, CA

      2-acre vacant land with high traffic and population density.
      757 N Main St, Manteca, CA 95336
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      286,072 SF

      Manteca Industrial Warehouse For Sale

      High-bay warehouse, 286,072 SF, CA
      1340 Dupont Ct, Manteca, CA 95336
      View Details
    • Contact for pricing
      10,663 SF

      Retail Space in Spreckels Shopping Center

      Retail space available immediately in high-traffic shopping center.
      295 Commerce Ave, Manteca, CA 95336
      View Details
    • Contact for pricing

      Manteca Land For Lease

      14.83 acres in the heart of Manteca.
      407 Spreckels Ave, Manteca, CA 95336
      View Details
    • Contact for pricing
      17,327 SF

      Warehouse Space Available For Lease

      Warehouse space available for lease in Manteca, California.
      2301 E Louise Ave, Manteca, CA 95336
      View Details
    • $1.00 SF/Yr
      5,824 SF

      Manteca Warehouse Space Available

      Industrial warehouse space for rent in Manteca, California.
      1300-1324 Dupont Ct, Manteca, CA 95336
      View Details
    • Contact for pricing
      141,360 SF

      Manteca Industrial Warehouse For Lease

      141,360 SF industrial warehouse on 23.5 acres available for lease.
      2803 Airport Way, Manteca, CA 95336
      View Details
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    221 Edison St
    Manteca, CA 95336-3786
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    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
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