338 Lafayette St Stockton, CA 95203-3534
Property profile & analytics
338 Lafayette St Stockton, CA 95203-3534
- Retail space
- 7,500 SF
- 0.23 lot acres
Property ID
US09-2252791
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.
Location Intelligence
Current Use by Public Records
- Jubilee Adult Day Program / Adult Day Care
- Stockton Farmer’s Market / Food Market / Farmer's Market
Property Details for 338 Lafayette St
- Lot size
- 0.23 lot acres
- Property size
- 7,500 SF
- Zone code
- C3
- Property type
- Retail space
- APN
- 149-091-040-000
- APU
- 149091040000
Description
Exceptional investment opportunity in Stockton, CA, featuring a 7,500 square foot, fully occupied veterinary clinic. This property boasts a strong 10-year NNN lease with AmeriVet, a reputable and expanding veterinary group, commencing July 28, 2022, and expiring July 27, 2032. The lease includes annual rent bumps of 3%, ensuring consistent income growth. The property underwent extensive renovations in 2020, encompassing upgrades to the roof, HVAC, and electrical systems. Located at 338 & 394 E Lafayette St, Stockton, CA 95203, on a 0.23-acre lot, this strategically positioned clinic benefits from high visibility near major freeways and serves a substantial population of 142,955 residents within a 3-mile radius. The property generates a Net Operating Income (NOI) of $127,459, resulting in an attractive cap rate of 11.59%. The asking price is $1,100,000, translating to a price per square foot of $146.67. The lease includes two 5-year renewal options, providing long-term stability and potential for future appreciation. This is a turnkey investment with minimal landlord responsibilities, offering a secure and profitable addition to any portfolio. The property's strong tenant, consistent rent increases, and prime location combine to create a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,010,000
- ML approach
- $985,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,500,000
- 6.5%
- $1,385,000
- 7%
- $1,285,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $725,000 Current use
- OFFICE BUILDING
- $1,385,000 Change: +90% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,260,000 Change: +73% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,100,000 Change: +51% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,095,000 Change: +51% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,085,000 Change: +49% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stockton
- County
- San Joaquin
- State
- California
- Longitude
- -121.285
- Latitude
- 37.9501
- 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
$6,329
$133,423
$290,908
$424,331
-
$0.00
$0.00
$0.00
