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Property profile & analytics
OFF-MARKET
Estimated value
$3,455,000
Apartment buildings
347 Flora St Stockton, CA 95202-1754
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-2941578
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1979
Construction
WOOD FRAME
Total area
24,118 SF
Lot
0.77 ac (33,750 SF)
Zoning code
O
APN
139-171-160-000
UPID
US10-2941578
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
-
Claremont Manor Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.52M
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$3.46M
Owner & transaction history
Stockton Affordable Housing LP · 5 yrs held
Stockton Affordable Housing LP
since 2020
Last sale
$28,000
7 recorded transactions
Zoning & alternative use
O · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.1M
+32.6%
Auto repair, garage
$3.5M
+13.9%
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%
$4,890,000
6.5%
$4,515,000
7%
$4,195,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,055,000
Current use
INDUSTRIAL (GENERAL)
$4,055,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,485,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$3.46M
Range $3.11M – $3.80M · ±10% · vs last sale $28k (Dec 30 2020)
Last sale anchor
$28k
Dec 30 2020
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
$143 / 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
$1,678
Tax year 2024
Assessed value
$2,762,322
Assessed 2024
Previous assessed
$2,762,322
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$552,888
Assessed improvement
$2,209,434
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 (100+ UNITS)
Status
Off-Market
Year built
1979
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
52
Bathrooms
52
Total area
24,118 SF
Lot
0.77 ac (33,750 SF)
Zoning code
O
APN
139-171-160-000
UPID
US10-2941578
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
O · Stockton, CA
Zoning O · permitted uses
O · 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
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (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
1979
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
52
Bathrooms
52
Lot
0.77 ac
Current owner
From public records · entity-resolved
Stockton Affordable Housing LP
Entity
Mailing address
3815 EL CENTRO RD, SACRAMENTO, CA 95834-9618
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
—
Stockton Affordable Housing LP
—
Deed
related
$4,360,000 · Tri Counties Bank
Dec 30, 2020
$28,000
Stockton Affordable Housing LP
Casa Milano Apartments LLC
Grant Deed
—
Dec 6, 2019
$5,600,000
Casa Milano Apartments LLC
California Affordable Hsng Grp
Grant Deed
$3,546,700 · Tri Counties Bank
May 16, 2019
$3,275,000
California Affordable Hsng Grp
Claremont Manor LLC
Grant Deed
$2,456,250 · Bank Of Guam
Aug 30, 2016
—
Claremont Manor LLC
Housing Authority Of The County Of
Grant Deed
$1,785,000 · Bac Community Bank
Nov 25, 2003
$2,250,000
Housing Authority San Joaquin
Lighty,tr
Grant Deed
—
Sep 13, 1994
—
Craig Lighty
Lighty,rosemarya B
Quit Claim Deed
related
—
Sep 13, 1994
$373,636
Hill,frederick
Stockton Flora Investors
Trustees Deed
related
—
Sep 13, 1994
$461,000
Lighty,craig
Hill,frederick J
Trustees Deed
related
—
—
—
Housing Authority Of San Joaquin
—
Deed Of Trust
related
$1,785,000 · Bank Of Agriculture & Commerce
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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