Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2318 S Airport Way Stockton, CA 95206
    Back to Search
    Property profile & analytics

    2318 S Airport Way, Stockton, CA 95206

    View on Map
    • Retail space
    • 18,850 SF
    • 0.90 lot acres
    For Sale
    $2,133,334
    View Listing →
    Stockton Single Tenant Retail Building For Sale
    $2,133,334
    20,300 SF

    Stockton Single Tenant Retail Building

    Single tenant Family Dollar net leased property for sale.

    2318 S Airport Way, Stockton, CA 95206
    View Listing
    Property ID
    US10-3263062
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 2318 S Airport Way

    Year built
    1965
    Lot size
    0.90 lot acres
    Zone code
    GC
    Property type
    Retail space
    APN
    169-152-010-000
    APU
    169152010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 18, 2024 $1,775,000 Sa Norcal Group LLC George J Toberman Grant Deed $1.3M · Signature FCU
    Jun 11, 2021 — George J Toberman George Toberman Intrafamily Transfer · related $1.5M · Citizens Business Bank
    Jan 31, 2019 $2,370,000 George Toberman Fd Partners LLC Grant Deed $1.5M · Capstar Bank
    Dec 13, 2017 — Fd Partners LLC — Trustees Deed · related $1.4M · 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 $270k · Other Institutional Lenders
    Aug 8, 2016 — California Receivership Group — Deed · related $87k · 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 $465k · Heller First Capital
    — — Jaswant Singh — Deed Of Trust · related $500k · Union Bank Of California
    — — California Receivership Group — Deed Of Trust · related $87k · G&g Capital LLC G&g Capital LLC
    — — California Receivership Group — Loan Modification · related $270k · Other Institutional Lenders
    — — Jaswant Singh — Deed Of Trust · related $382k · Merrilee Meyer

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,775,000
      ML approach
      $1,775,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,267,000
      Market price range: $912k - $3.11M
      AI Estimate
      $1,800,000
      Market price range: $598k - $2.29M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    San Joaquin
    State
    California
    Longitude
    -121.266
    Latitude
    37.9301
    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
    $32,245
    $218,727
    $2,373,210
    $2,591,937
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.69 Acres

      910 Charter Way

      RETAIL STORES (PERSONAL SERVICES)
      910 Charter Way, Stockton, CA 95206-1104
      View Details
    • Value Estimation by Request
      475 SF

      1424 El Dorado St

      RETAIL STORES (PERSONAL SERVICES)
      1424 El Dorado St, Stockton, CA 95206-2018
      View Details
    • Value Estimation by Request
      1,663 SF

      1661 El Dorado St

      RETAIL STORES (PERSONAL SERVICES)
      1661 El Dorado St, Stockton, CA 95206
      View Details
    • Value Estimation by Request
      2,575 SF

      2023 El Dorado St

      RETAIL STORES (PERSONAL SERVICES)
      2023 El Dorado St, Stockton, CA 95206-2733
      View Details
    • Value Estimation by Request
      2,280 SF

      135 Dr Martin Luther King Jr Blvd

      RETAIL STORES (PERSONAL SERVICES)
      135 Dr Martin Luther King Jr Blvd, Stockton, CA 95206-1332
      View Details
    • Value Estimation by Request
      5,602 SF

      353 Charter Way

      Individual retail properties
      353 Charter Way, Stockton, CA 95206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,053 SF

      Remodeled Commercial Building For Sale

      Freestanding remodeled commercial building suitable for medical or dental use.
      434 E Dr Martin Luther King Jr Blvd, Stockton, CA 95206
      View Details
    • Contact for pricing
      8,739 SF

      South Stockton Mixed-Use Investment

      Cash-flowing mixed-use property in a maturing Stockton neighborhood.
      530 E Charter Way, Stockton, CA 95206
      View Details
    • Contact for pricing
      20,300 SF

      Family Dollar Investment Opportunity

      Family Dollar NNN lease investment opportunity in Stockton, CA.
      2318-2350 S Airport Way, Stockton, CA 95206
      View Details
    • $5,500,000
      3,500 SF

      Stockton Truck Yard Investment Opportunity

      4.78-acre truck yard with multiple income streams.
      El Dorado St, Stockton, CA 95206
      View Details
    • Contact for pricing
      20,300 SF

      Stockton Single Tenant Retail Building

      Single tenant Family Dollar net leased property for sale.
      2318 S Airport Way, Stockton, CA 95206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,288 SF

      Retail Space in Weston Ranch

      Shop space in dominant South Stockton shopping center for lease.
      520 Carolyn Weston Blvd, Stockton, CA 95206
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Weston Ranch

      Shop space in dominant South Stockton shopping center for rent.
      3434-3538 Manthey Rd, Stockton, CA 95206
      View Details
    • Contact for pricing
      11,200 SF

      Stockton Retail Space For Lease

      Retail spaces available in neighborhood shopping center with I-5 access.
      613 Carolyn Weston Blvd, Stockton, CA 95206
      View Details
    • Contact for pricing
      16,245 SF

      Stockton Warehouse Space Available

      16,245 SF warehouse for rent in Stockton, California.
      2001 Arch Airport Rd, Stockton, CA 95206
      View Details
    • Contact for pricing
      95,779 SF

      Stockton Warehouse Space Available

      95,779 SF warehouse space for lease in Stockton, CA.
      8497 S Airport Way, Stockton, CA 95206
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2318 S Airport Way
    Stockton, CA 95206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2318 S Airport Way, Stockton, CA, 95206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!