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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Office buildings
222 Lockeford St Lodi, CA 95240-2041
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1191928
Property summary
AI-generated overview
This exceptional 550-square-foot office space is located at 222 W Lockeford St, Lodi, CA 95240, in the Pleasant Avenue Business Park. Situated in San Joaquin County, this single-tenant unit offers excellent street visibility on Lockeford Street, making it perfect for businesses seeking high foot traffic and brand recognition. The space is part of a larger two-story building totaling 9,154 square feet. The office features a ready-to-use reception area and existing desks, providing immediate functionality. There's ample room for multiple desks and additional offices to suit various business needs. The property includes signage opportunities, enhancing visibility and marketing potential. Common area maintenance (CAM) charges are $113.49 per month, encompassing outside water, gas, sewer, electric, garbage, janitorial services, landscaping, and building maintenance. A flat monthly fee of $150 covers the internal gas and electric utilities. This turnkey solution offers a convenient and cost-effective entry point for businesses seeking a well-maintained and strategically located office space in Lodi, California.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Total area
9,154 SF
Lot
0.37 ac (16,117 SF)
Zoning code
45
APN
043-021-130-000
UPID
US09-1191928
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
-
Builder Brothers Carpentry Inc Construction Company
-
Tokay Development, Inc Construction Company
-
Tokay Medical Billing Medical Billing Service
-
Dr. Matthew Harris Pediatrician Medical Clinic
-
Tokay Realty Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Pankaj Patel · 2 yrs held
Pankaj Patel
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
45 · Lodi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+34.7%
Industrial (general)
$1.2M
+11.4%
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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,055,000
Current use
AUTO REPAIR, GARAGE
$1,420,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,175,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$965,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$930,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Mar 29 2024)
Last sale anchor
$1.05M
Mar 29 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
$115 / 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
$6,374
Tax year 2024
Assessed value
$587,828
Assessed 2024
Previous assessed
$587,828
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$209,115
Assessed improvement
$378,713
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
Heating
NONE
Total area
9,154 SF
Lot
0.37 ac (16,117 SF)
Zoning code
45
APN
043-021-130-000
UPID
US09-1191928
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
45 · Lodi, CA
Zoning 45 · permitted uses
45 · Lodi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lodi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$930,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
Lot
0.37 ac
Current owner
From public records · entity-resolved
Pankaj Patel
Individual
Mailing address
8542 RNCH RD, TRACY, CA 95304-8119
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$1,050,000
Pankaj Patel
Julie A Reedy
Grant Deed
—
Jul 19, 2022
—
Julie A Reedy
Julie A Reedy
Intrafamily Transfer
related
—
Sep 30, 2021
—
Julie A Reedy
—
Deed
related
$308,500 · Bank Of Stockton
Nov 8, 2013
—
Thomas,ronald B Trust
Thomas Ronald B Trust
Quit Claim Deed
related
$380,000 · Rabobank
Jun 28, 1995
$357,000
Thomas Trust
Stockton Savings Bank
Grant Deed
—
Mar 25, 1994
$517,500
Stockton Savings Bank
Ward,charles & L
Trustees Deed
related
—
—
—
Thomas Trust
—
Deed Of Trust
related
$351,000 · Stockton Savings Bank
—
—
Thomas Ronald B Trust
—
Deed Of Trust
related
$450,000 · Rabobank
—
—
Thomas Trust
—
Deed Of Trust
related
$350,000 · 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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