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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Apartment buildings
3405 Pacific Ave Stockton, CA 95204-3141
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2439792
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1947
Construction
WOOD
Total area
8,299 SF
Lot
0.2 ac (8,806 SF)
Zoning code
R3B
APN
113-280-040-000
UPID
US09-2439792
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$940k
Owner & transaction history
Pasasimas Properties LLC · 10 yrs held
Pasasimas Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
R3B · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+31.4%
Industrial (general)
$1.4M
+19.6%
Commercial (general)
$1.2M
+4.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,165,000
Current use
OFFICE BUILDING
$1,530,000
Change: +31% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,395,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,215,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,200,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$113 / 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
$11,613
Tax year 2024
Assessed value
$930,835
Assessed 2024
Previous assessed
$930,835
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$235,653
Assessed improvement
$695,182
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
3
Units
12
Bathrooms
12
Total area
8,299 SF
Lot
0.2 ac (8,806 SF)
Zoning code
R3B
APN
113-280-040-000
UPID
US09-2439792
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
R3B · Stockton, CA
Zoning R3B · permitted uses
R3B · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1947
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
12
Bathrooms
12
Lot
0.2 ac
Current owner
From public records · entity-resolved
Pasasimas Properties LLC
Entity
Mailing address
256 FAWN PARK RD, SAINT HELENA, CA 94574-9762
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2016
—
Pasasimas Properties LLC
Michael Lenard Heffner
Grant Deed
$447,800 · Safe Cu
May 29, 2015
$790,000
Michael L Heffner
Melone Margaret
Grant Deed
—
Nov 4, 2004
—
Margaret Melone
Melone,jonathan
Affidavit Of Death
related
—
Oct 31, 1991
$347,000
Jonathan Melone
Fisher,louis M
Grant Deed
$260,000 · San Francisco FCU
Apr 26, 1989
$285,000
Pitcher Plant Eq
Padlo,gary N
Trustees Deed
$213,750 · Sacramento Savings Bank
Apr 26, 1989
—
Padlo,gary N
Chan,sitnon
Trustees Deed
related
—
Apr 7, 1989
—
Gary N Padlo
Padlo,sharon L
Quit Claim Deed
related
$40,000 · Anthony Lorraine
—
—
Gary N Padlo
—
Deed Of Trust
related
$4,000 · Anthony Lorraine
—
—
Louis M Fisher
—
Deed Of Trust
related
$213,750 · Sacramento Savings Bank
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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