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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Apartment buildings
536 Searchlight Ave Stockton, CA 95205-6458
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0345469
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Construction
WOOD
Total area
3,456 SF
Lot
0.37 ac (15,900 SF)
Zoning code
R1
APN
155-440-100-000
UPID
US09-0345469
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
$715k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$705k
Owner & transaction history
Houth Poeng · 3 yrs held
Houth Poeng
since 2023
Last sale
$699,000
7 recorded transactions
Zoning & alternative use
R1 · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$855,000
+42.3%
Office building
$640,000
+6.4%
Commercial (general)
$620,000
+3.8%
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
$690,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$600,000
Current use
MEDICAL BUILDING
$855,000
Change: +42% · Conversion: Moderate
OFFICE BUILDING
$640,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$620,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$610,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $699k (May 5 2023)
Last sale anchor
$699k
May 5 2023
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
$204 / 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
$3,894
Tax year 2024
Assessed value
$299,540
Assessed 2024
Previous assessed
$299,540
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$124,452
Assessed improvement
$175,088
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
1948
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
6
Bathrooms
6
Total area
3,456 SF
Lot
0.37 ac (15,900 SF)
Zoning code
R1
APN
155-440-100-000
UPID
US09-0345469
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
R1 · Stockton, CA
Zoning R1 · permitted uses
R1 · 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
$600,000
MEDICAL BUILDING
Est. value
$855,000
OFFICE BUILDING
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
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
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Bathrooms
6
Lot
0.37 ac
Current owner
From public records · entity-resolved
Houth Poeng
Individual
Mailing address
1613 ROSE CLOVER ST, SANTA ROSA, CA 95403-8664
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
$699,000
Houth Poeng
Albert L Vetter
Grant Deed
$559,200 · The Albert L Vetter Trust
Jan 31, 2011
—
Vetter Albert L Trust
Vetter,albert L
Quit Claim Deed
related
—
Jan 25, 2010
$164,000
Albert L Vetter
Madrid Living Trust
Grant Deed
$163,750 · Madrid Living Trust
Dec 31, 2001
—
Madrid Trust
Madrid,robert P
Quit Claim Deed
related
—
Feb 8, 2001
$62,500
Robert P Madrid
Madrid,robert P
Grant Deed
related
—
Jun 19, 2000
—
Robert P Madrid
Martin Trust
Grant Deed
related
—
May 1, 1989
$150,000
Lillie M Martin
Madrid,robert P
Grant Deed
$120,000
—
—
Robert P Madrid
—
Deed Of Trust
related
$108,882 · Spangler Martha E Trust
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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