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    3202 Hammer Ln Stockton, CA 95209-2737
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    Property profile & analytics

    3202 Hammer Ln, Stockton, CA 95209-2737

    View on Map
    • Gas stations
    • 1,749 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US09-2356119
    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
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 76 / Gas Station
    • 7-Eleven / Grocery & Convenience Store
    • Western Union / Bank / Credit Union
    • Cardtronics ATM / Atm
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 3202 Hammer Ln

    Lot size
    0.49 lot acres
    Zone code
    C2
    Property type
    Gas stations
    APN
    082-320-100-000
    APU
    82320100000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2016 $2,366,455 Realty Income Trust 6 7-eleven INC Grant Deed —
    Nov 18, 2011 — 7-eleven INC Convenience Retailers LLC Grant Deed —
    May 9, 2008 — Convenience Retailers LLC Kayo Oil Grant Deed · related —
    Feb 11, 2008 — Convenience Retailers LLC Kayo Oil Grant Deed —
    Jan 5, 2004 — Kayo Oil Co Conocophillips Grant Deed · related —
    Dec 26, 2003 — Kayo Oil Co Conocophillips Co Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $726,000
      Market price range: $226k - $727k

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    San Joaquin
    State
    California
    Longitude
    -121.356
    Latitude
    38.0209
    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
    $27,980
    $609,305
    $1,860,291
    $2,469,596
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $770,000
      2,680 SF

      8606 Thornton Rd

      SERVICE STATION WITH FOOD MART
      8606 Thornton Rd, Stockton, CA 95209-1815
      View Details
    • Value Estimation by Request
      0.60 Acres

      Stockton, CA 95209

      PARKING LOT
      Stockton, CA 95209
      View Details
    • Value Estimation by Request
      0.36 Acres

      8709 Davis Rd

      AUTO REPAIR, GARAGE
      8709 Davis Rd, Stockton, CA 95209-1805
      View Details
    • Value Estimation by Request
      0.55 Acres

      4513 Spanos Blvd

      PARKING LOT
      4513 Spanos Blvd, Stockton, CA 95209
      View Details
    • Value Estimation by Request
      0.24 Acres

      8700 Thornton Rd

      VEHICLE SALES, RENTALS
      8700 Thornton Rd, Stockton, CA 95209-1815
      View Details
    • Value Estimation
      $985,000
      0.40 Acres

      8610 Thornton Rd

      CAR WASH
      8610 Thornton Rd, Stockton, CA 95209-1815
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Retail/office space with high visibility and convenient access.
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    • Contact for pricing
      42,851 SF

      Retail Property in Stockton, CA

      Retail property available for sale in Stockton, California.
      3221-3255 W Hammer Ln, Stockton, CA 95209
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    • $735,000

      Retail Building on Thornton Road

      Retail building with high visibility on a major thoroughfare.
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      Stockton Triplex Investment Opportunity

      Remodeled triplex with strong rental income in a prime location.
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    Similar Nearby for Lease

    • Contact for pricing
      3,703 SF

      Grocery Anchored Shopping Center Space

      Retail space available in North Stockton shopping center.
      2309-2339 W Hammer Ln, Stockton, CA 95209
      View Details
    • Contact for pricing
      2,852 SF

      Retail/Office Space in Thornton Plaza

      Centrally located suite ideal for retail or office use.
      9303 Thornton Rd, Stockton, CA 95209
      View Details
    • Contact for pricing

      QSR Pads For Lease

      Proposed QSR pads available for lease in North Stockton.
      5 & 8 Mile Rd, Stockton, CA 95209
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    Stockton, CA 95209-2737
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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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