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Property profile & analytics
FOR LEASE
Office buildings
3203 West March Ln Stockton, CA 95219
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1422494
For Lease
1 / 2
$2,980,000
3203 West March Ln, Stockton, CA 95219
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
12,670 SF
Lot
1.17 ac (51,020 SF)
Zoning code
CR
APN
116-270-080-000
UPID
US09-1422494
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
-
RE/MAX GRUPE GOLD: Judy Vo Real Estate Agency
-
Redkey Gordon Law Corp Law Firm
-
Belmont Real Estate Group Real Estate Agency
-
RE/MAX GRUPE GOLD: The Kearns Group Real Estate Agency
-
Paul May Realtor - Remax Grupe Gold Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$3.69M
Blend (final)
Blend
$2.98M
Owner & transaction history
James Shiba Tyler · 5 yrs held
James Shiba Tyler
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CR · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+24.7%
Medical building
$3.1M
+8.1%
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
$2,535,000
ML approach
$2,480,000
CAP Approach
CAP Return
Estimation
6%
$3,445,000
6.5%
$3,180,000
7%
$2,950,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,895,000
Current use
RESTAURANT
$3,605,000
Change: +25% · Conversion: Moderate
MEDICAL BUILDING
$3,125,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $3.00M (Feb 1 2021)
Last sale anchor
$3.00M
Feb 1 2021
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
$235 / 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
$40,737
Tax year 2024
Assessed value
$3,413,483
Assessed 2024
Previous assessed
$3,413,483
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,041,111
Assessed improvement
$2,372,372
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1992
Heating
NONE
Stories
1
Total area
12,670 SF
Lot
1.17 ac (51,020 SF)
Zoning code
CR
APN
116-270-080-000
UPID
US09-1422494
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
CR · Stockton, CA
Zoning CR · permitted uses
CR · 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
OFFICE BUILDING Current
Est. value
$2.9M
RESTAURANT
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
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
1992
Heating
NONE
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
James Shiba Tyler
Individual
Mailing address
1520 MAIN ST, REDWOOD CITY, CA 94063-2120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
—
James Shiba Tyler
James Shiba Tyler
Intrafamily Transfer
related
—
Sep 27, 2019
—
Pellarin Ents
—
Deed
related
$2,300,000 · Miscellaneous Ins Co
Nov 29, 2018
—
Pellarin Ents
—
Deed
related
$400,000 · Fontana A M & D1994 L Tr (lt)
Jul 14, 2016
$3,000,000
Pellarin Enterprises
Christopher J Bennitt
Grant Deed
—
Jan 28, 2015
$2,200,000
Christopher J Benitt
Friedrich Ents LP
Grant Deed
—
Oct 18, 2010
—
Friedrich Ents LP
—
Deed Of Trust
related
$3,010,000 · Paul I Friedrich
Oct 24, 1995
—
Friedrich Enterprises LP
Friedrich Trust
Quit Claim Deed
related
—
Apr 8, 1994
—
Friedrich Trust
Friedrich,paul I
Quit Claim Deed
related
—
Jan 19, 1994
—
Frances A Friedrich
Friedrich Trust
Quit Claim Deed
related
—
Dec 22, 1993
$2,100,000
Friedrich Trust
Grupe Dev Assoc
Grant Deed
—
—
—
Pellarin Ents
—
Deed Of Trust
related
$400,000 · Fontana A M & D1994 L Tr (lt)
—
—
Pellarin Ents
—
Deed Of Trust
related
$2,300,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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