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Property profile & analytics
OFF-MARKET
Estimated value
$7,310,000
Manufacturing properties
2651 Airport Way Stockton, CA 95206-3522
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2229593
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1968
Total area
96,652 SF
Lot
7.63 ac (332,362 SF)
Zoning code
M1
APN
169-120-030-000
UPID
US09-2229593
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
-
Best Express Foods, Inc. Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.76M
Blend (final)
Blend
$7.31M
Owner & transaction history
Real City LLC · 10 yrs held
Real City LLC
since 2015
4 recorded transactions
Zoning & alternative use
M1 · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,525,000
Current use
RETAIL STORES
$9,370,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$7.31M
Range $6.58M – $8.04M · ±10%
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
$76 / 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
$42,296
Tax year 2024
Assessed value
$3,366,870
Assessed 2024
Previous assessed
$3,366,870
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$673,138
Assessed improvement
$2,693,732
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1968
Heating
NONE
Stories
1
Total area
96,652 SF
Lot
7.63 ac (332,362 SF)
Zoning code
M1
APN
169-120-030-000
UPID
US09-2229593
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
M1 · Stockton, CAZoning M1 · permitted uses
M1 · Stockton, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.5M
RETAIL STORES
Est. value
$9.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1968
Heating
NONE
Stories
1
Lot
7.63 ac
Current owner
From public records · entity-resolved
Real City LLC
Entity
Mailing address
1718 BOEING WAY STE #100, STOCKTON, CA 95206-4995
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
—
Real City LLC
—
Deed
related
$2,000,000 · City National Bank
Dec 14, 2020
—
Real City LLC
—
Deed
related
$6,000,000 · City National Bank
Nov 23, 2015
—
Real City LLC
Flowers Baking Co Of Stockton LLC
Grant Deed
$1,700,000 · Onewest Bank Fsb
Nov 5, 2011
—
Earthgrains Baking Co INC
Owner Name Unavailable
Grant Deed
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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