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Property profile & analytics
OFF-MARKET
Estimated value
$4,735,000
Retail space
3233 Hammer Ln, Stockton, CA 95209-2756
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2030233
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
42,664 SF
Lot
3.3 ac (143,748 SF)
Zoning code
C2
APN
082-220-030-000
UPID
US09-2030233
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.06M
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$4.74M
Owner & transaction history
R & R 2016 LLC · 10 yrs held
R & R 2016 LLC
since 2016
5 recorded transactions
Zoning & alternative use
C2 · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.9M
+90.4%
Industrial (general)
$7.2M
+73.4%
Commercial (general)
$6.2M
+50.9%
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%
$6,560,000
6.5%
$6,055,000
7%
$5,620,000
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
Blend value · Realmo final
$4.74M
Range $4.26M – $5.21M · ±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
$111 / 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
$55,807
Tax year 2024
Assessed value
$4,645,886
Assessed 2024
Previous assessed
$4,645,886
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,160,583
Assessed improvement
$3,485,303
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
42,664 SF
Lot
3.3 ac (143,748 SF)
Zoning code
C2
APN
082-220-030-000
UPID
US09-2030233
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
C2 · Stockton, CA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$4.1M
OFFICE BUILDING
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
R & R 2016 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
6507 PACIFIC AVE, STOCKTON, CA 95207-3717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
—
R & R 2016 LLC
—
Deed
related
$277,000 · Farmers & Merchants Bk/ctrl Ca
Apr 15, 2020
—
R & R 2016 LLC
—
Deed
related
$2,915,270 · Farmers & Merchants Bank Of Central Ca
Jan 15, 2016
$1,900,000
R & R 2016 LLC
Save Mart Supermarkets
Grant Deed
—
Mar 30, 1989
$3,294,727
Mart Superm Save
Dillon,real Esta
Grant Deed
—
—
—
R & R 2016 LLC
—
Loan Modification
related
$277,000 · Farmers & Merchants Bk/ctrl Ca
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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