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Property profile & analytics
OFF-MARKET
Estimated value
$16,945,000
Assisted living facilities
2220 Kettleman Ln Lodi, CA 95242-4347
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2458184
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Total area
63,380 SF
Lot
2.4 ac (104,544 SF)
Zoning code
N
APN
058-370-030-000
UPID
US09-2458184
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
-
Brookdale Lodi Nursing Home Retirement Community
-
Innovative Senior Rehab Services Physician
-
Brookdale Kettleman Lane Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.74M
Blend (final)
Blend
$16.95M
Owner & transaction history
Bkd Lodi LLC · 6 yrs held
Bkd Lodi LLC
since 2020
Last sale
$23.2M
5 recorded transactions
Zoning & alternative use
N · Lodi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$17.6M
+67.5%
Office building
$15.7M
+49.3%
Medical building
$13.8M
+31.5%
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
$23,415,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$10,525,000
Current use
RESTAURANT
$17,630,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$15,720,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$13,840,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$16.95M
Range $15.25M – $18.64M · ±10% · vs last sale $23.24M (Feb 11 2020)
Last sale anchor
$23.24M
Feb 11 2020
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
$267 / 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
$168,703
Tax year 2024
Assessed value
$15,734,840
Assessed 2024
Previous assessed
$15,734,840
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,803,806
Assessed improvement
$12,931,034
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
63,380 SF
Lot
2.4 ac (104,544 SF)
Zoning code
N
APN
058-370-030-000
UPID
US09-2458184
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
N · Lodi, CAZoning N · permitted uses
N · Lodi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$10.5M
RESTAURANT
Est. value
$17.6M
OFFICE BUILDING
Est. value
$15.7M
MEDICAL BUILDING
Est. value
$13.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
OFFICE BUILDING
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.4 ac
Current owner
From public records · entity-resolved
Bkd Lodi LLC
Entity
Mailing address
6737 W WASHINGTON ST STE #2300, MILWAUKEE, WI 53214-5650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2020
$23,235,500
Bkd Lodi LLC
Hcp Brofin Properties LLC
Grant Deed
$166,732 · Newmark Knight Frank
Sep 30, 2008
—
Hcp Brofin Properties LLC
Hcp INC
Grant Deed
$178,977,349 · Grandbridge Real Estate Capital LLC
Apr 13, 1998
—
Oakmont Retirement Communities
—
Grant Deed
related
$5,080,000 · Exchange Bank
Oct 31, 1997
$732,000
Oakmont Retirement Communities
Wildon Land Co
Grant Deed
$365,904 · Seller
Sep 24, 1990
—
Willdon Land Company Ptp
—
Deed Of Trust
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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