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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2324 Franklin Ave Stockton, CA 95204-4859

    • Apartment buildings
    • 4,848 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1703404
    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 2324 Franklin Ave

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    4,848 SF
    Zone code
    C1
    Property type
    Apartment buildings
    APN
    123-090-020-000
    APU
    123090020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $985,000
      6.5%
      $910,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $416,000
      Market price range: $152k - $416k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $680,000
      Current use
      OFFICE BUILDING
      $895,000
      Change: +31% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $710,000
      Change: +4% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $700,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    San Joaquin
    State
    California
    Longitude
    -121.329
    Latitude
    37.9655
    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
    $9,457
    $194,667
    $543,539
    $738,206
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,125,000
      64,068 SF

      2733 Country Clb Blvd

      APARTMENT HOUSE (100+ UNITS) • 64,068 SF
      2733 Country Clb Blvd, Stockton, CA 95204-3960
      View Details
    • Value Estimation
      $730,000
      6,875 SF

      2524 Country Clb Blvd

      APARTMENT HOUSE (100+ UNITS) • 6,875 SF
      2524 Country Clb Blvd, Stockton, CA 95204
      View Details
    • Value Estimation by Request
      5,862 SF

      640 Dave Brubeck Way

      APARTMENT HOUSE (5+ UNITS) • 5,862 SF
      640 Dave Brubeck Way, Stockton, CA 95204-1870
      View Details
    • Value Estimation
      $630,000
      2,660 SF

      2120 El Dorado St

      APARTMENT HOUSE (5+ UNITS) • 2,660 SF
      2120 El Dorado St, Stockton, CA 95204-5542
      View Details
    • Value Estimation
      $600,000
      4,492 SF

      165 Stadium Dr

      APARTMENT HOUSE (5+ UNITS) • 4,492 SF
      165 Stadium Dr, Stockton, CA 95204-3117
      View Details
    • Value Estimation
      $940,000
      8,299 SF

      3405 Pacific Ave

      APARTMENT HOUSE (5+ UNITS) • 8,299 SF
      3405 Pacific Ave, Stockton, CA 95204-3141
      View Details

    Similar Nearby for Sale

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      0.85 Acres

      Atherton Island Dream Home Site

      Prime Stockton residential lot, 0.85 acres.
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    • $285,000

      Commercial Property with Two Units

      Commercial property featuring two units, fireplaces, and private parking.
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    • $900,000
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      Renovated Office Space with Roll-Up Doors

      Newly renovated office space with flexible layout and roll-up doors.
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    • $4,830,000
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      Stockton Industrial Property for Sale

      Industrial property available for sale in Stockton, California.
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      Free-Standing Medical Office Building

      3,386 SF medical office on .23 acres for sale.
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      Leased Retail Strip Center

      Fully leased retail strip center in high-traffic area.
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    Similar Nearby for Lease

    • Contact for pricing
      29,094 SF

      Freeway Visible Retail Opportunity

      Retail space available in late 2024 with freeway visibility.
      2720 Country Club Blvd, Stockton, CA 95204
      View Details
    • Contact for pricing
      966 SF

      Retail Space Available For Rent

      Retail space available for rent, 966 square feet.
      2702 Country Club Blvd, Stockton, CA 95204
      View Details
    • $1.95 SF/Yr
      3,371 SF

      Retail/Office Building with Drive-Thru

      Well-maintained retail/office building with drive-thru in high-profile location.
      2562 Pacific Ave, Stockton, CA 95204
      View Details
    • $2 SF/Yr
      2,500 SF

      Stockton Office with Fenced Yard

      Office space with a large fenced and paved yard.
      3717 West Ln, Stockton, CA 95204
      View Details
    • $1.68 SF/Yr
      5,826 SF

      Prime Stockton Retail Land

      Exceptional Miracle Mile location; 5,826 sq ft lot.
      2402 Pacific Ave, Stockton, CA 95204
      View Details
    • $0.60 SF/Yr
      42 SF

      Stockton Industrial Space Available

      Industrial space available for lease at $0.60 per square foot.
      1822 West Alpine Ave, Stockton, CA 95204
      View Details
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    2324 Franklin Ave
    Stockton, CA 95204-4859
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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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