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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Retail space
2318 Airport Way Stockton, CA 95206-3341
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3263062
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
18,850 SF
Lot
0.9 ac (39,100 SF)
Zoning code
GC
APN
169-152-010-000
UPID
US10-3263062
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$1.78M
Owner & transaction history
Sa Norcal Group LLC · 2 yrs held
Sa Norcal Group LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
GC · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+50.9%
Auto repair, garage
$2.7M
+49.0%
Apartment house (5+ units)
$2.7M
+44.9%
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
$1,775,000
ML approach
$1,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,825,000
Current use
COMMERCIAL (GENERAL)
$2,755,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,720,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,650,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,250,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10% · vs last sale $1.78M (Jun 18 2024)
Last sale anchor
$1.78M
Jun 18 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
$94 / 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
$32,245
Tax year 2024
Assessed value
$2,591,937
Assessed 2024
Previous assessed
$2,591,937
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$218,727
Assessed improvement
$2,373,210
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
18,850 SF
Lot
0.9 ac (39,100 SF)
Zoning code
GC
APN
169-152-010-000
UPID
US10-3263062
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
GC · Stockton, CA
Zoning GC · permitted uses
GC · 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
RETAIL STORES Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
Year built
1965
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Sa Norcal Group LLC
Entity
Mailing address
3326 ARIEL JOSHUA CT, SAN JOSE, CA 95135-1741
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
$1,775,000
Sa Norcal Group LLC
George J Toberman
Grant Deed
$1,331,250 · Signature FCU
Jun 11, 2021
—
George J Toberman
George Toberman
Intrafamily Transfer
related
$1,500,000 · Citizens Business Bank
Jan 31, 2019
$2,370,000
George Toberman
Fd Partners LLC
Grant Deed
$1,540,000 · Capstar Bank
Dec 13, 2017
—
Fd Partners LLC
—
Trustees Deed
related
$1,386,000 · Farmers & Merchants Bk/ctrl Ca
Nov 3, 2017
$908,182
Fd Partners LLC
Califoma Receivership Group
Grant Deed
—
Jun 26, 2017
—
California Receivership Group
—
Deed
related
$270,320 · Other Institutional Lenders
Aug 8, 2016
—
California Receivership Group
—
Deed
related
$87,000 · G&g Capital LLC G&g Capital LLC
Mar 3, 2004
—
Jaswant Singh
Charan,brian
Grant Deed
related
—
Dec 29, 2003
—
Jaswant Singh
Singh,grdial & Sukhvinder K
Quit Claim Deed
related
—
Sep 8, 2003
—
Gurdial Singh
Charan,brian
Grant Deed
related
—
Nov 8, 1999
$300,000
Brian Charan
Super Seven INC
Grant Deed
$465,000 · Heller First Capital
—
—
Jaswant Singh
—
Deed Of Trust
related
$500,000 · Union Bank Of California
—
—
California Receivership Group
—
Deed Of Trust
related
$87,000 · G&g Capital LLC G&g Capital LLC
—
—
California Receivership Group
—
Loan Modification
related
$270,320 · Other Institutional Lenders
—
—
Jaswant Singh
—
Deed Of Trust
related
$382,000 · Merrilee Meyer
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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