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    3233 Hammer Ln Stockton, CA 95209-2756

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    Property profile & analytics

    3233 Hammer Ln Stockton, CA 95209-2756

    View on Map
    • Retail space
    • 42,664 SF
    • 3.30 lot acres
    Off-Market
    Property ID
    US09-2030233
    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
    $4,735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store
    • Harbor Freight Tools / Building Supply / Hardware & Home Improvement
    • Dollar Tree / Discount Store
    • Harbor Freight Tools LLC / (Bike/Boat/Book/etc) Store / Building Supply
    • Alyson Lee / Pharmacy

    Property Details for 3233 Hammer Ln

    Year built
    1980
    Lot size
    3.30 lot acres
    Property size
    42,664 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    082-220-030-000
    APU
    82220030000

    Description

    Colonial Plaza offers a prime retail opportunity in Stockton, California. This single-story, 3,368 square foot storefront is immediately available, having undergone a complete renovation in 2020. Located at 3233 W Hammer Ln, 95209, the property benefits from exceptional visibility and accessibility. The space is zoned for general commercial use and enjoys a highly desirable location off Interstate 5, with frontage on West Hammer Lane, a major thoroughfare boasting an impressive 41,000 average daily traffic count (ADT). The property's convenient location is further enhanced by the presence of established national retailers, Harbor Freight and Dollar Tree, within the same center, creating a synergistic retail environment. There are no elevators in this single-story building. The minimum and maximum contiguous space available is 3,368 square feet, making it ideal for a single tenant seeking a substantial retail presence in a high-traffic area. This property presents a unique opportunity for businesses seeking a well-maintained, modern space in a thriving commercial district within San Joaquin County. The cross street is Kelley Drive.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,560,000
      6.5%
      $6,055,000
      7%
      $5,620,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,575,000
      Market price range: $2.06M - $7.04M
      AI Estimate
      $4,578,000
      Market price range: $1.60M - $7.04M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,135,000
      Current use
      OFFICE BUILDING
      $7,875,000
      Change: +90% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $7,170,000
      Change: +73% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,240,000
      Change: +51% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,160,000
      Change: +49% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,995,000
      Change: +45% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    San Joaquin
    State
    California
    Longitude
    -121.357
    Latitude
    38.0226
    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
    $55,807
    $1,160,583
    $3,485,303
    $4,645,886
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,200,000
      8,240 SF

      8855 Thornton Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,240 SF
      8855 Thornton Rd, Stockton, CA 95209-1898
      View Details
    • Value Estimation by Request
      1,860 SF

      8807 Thornton Rd Ste R3

      RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
      8807 Thornton Rd Ste R3, Stockton, CA 95209-1863
      View Details
    • Value Estimation by Request
      1,188 SF

      8807 Thornton Rd Ste C

      RETAIL STORES (PERSONAL SERVICES) • 1,188 SF
      8807 Thornton Rd Ste C, Stockton, CA 95209-1862
      View Details
    • Value Estimation by Request
      2.54 Acres

      8110 Kelley Dr

      RETAIL STORES (PERSONAL SERVICES) • 2.54 Acres
      8110 Kelley Dr, Stockton, CA 95209-2112
      View Details
    • Value Estimation
      $615,000
      4,347 SF

      1016 Hammer Ln

      RETAIL STORES (PERSONAL SERVICES) • 4,347 SF
      1016 Hammer Ln, Stockton, CA 95209-3040
      View Details
    • Value Estimation by Request
      1,188 SF

      8807 Thornton Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,188 SF
      8807 Thornton Rd, Stockton, CA 95209-1864
      View Details

    Similar Nearby for Sale

    • $735,000

      Retail Building on Thornton Road

      Retail building with high visibility on a major thoroughfare.
      8807 Thornton Rd, Stockton, CA 95209
      View Details
    • 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
      View Details
    • $729,000

      Stockton Triplex Investment Opportunity

      Remodeled triplex with strong rental income in a prime location.
      9561 Kelley Dr, Stockton, CA 95209
      View Details
    • $729,000
      2,945 SF

      Stockton Triplex Investment Opportunity

      Remodeled triplex in Stockton with strong rental income potential.
      9561 Kelley Dr, Stockton, CA 95209
      View Details

    Similar Nearby for Lease

    • 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
      25,134 SF

      Retail Space with Ample Parking

      Retail space with multiple entry points and ample parking.
      1777 E Hammer Ln, 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
      View Details
    • 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
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    Stockton, CA 95209-2756
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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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