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    Property profile & analytics

    616 Hammer Ln Stockton, CA 95207

    • Commercial real estate
    • 14,305 SF
    • 1.54 lot acres
    For Lease
    View listing
    Last Sale
    Oct 13, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3623383
    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.

    Current Use by Public Records

    • Western Dental & Orthdontics Kids / Dental Office
    • Panda Express / Restaurant
    • The Bitcoin Store / Money Transfer Service / Currency Exchange Service
    • COINworKs Bitcoin ATM / Crypto Atm / Atm
    • Subway / Take-out & Catering / Catering Service

    Property Details for 616 Hammer Ln

    Year built
    2003
    Lot size
    1.54 lot acres
    Property size
    14,305 SF
    Property type
    Commercial real estate
    APN
    081-500-250-000
    APU
    81500250000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,815,000
      6.5%
      $2,600,000
      7%
      $2,415,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,095,000
      Current use
      OFFICE BUILDING
      $2,640,000
      Change: +26% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,405,000
      Change: +15% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,065,000
      Change: -1% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,010,000
      Change: -4% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stockton
    County
    San Joaquin
    State
    California
    Longitude
    -121.32
    Latitude
    38.0205
    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
    $50,439
    $930,000
    $3,170,000
    $4,100,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      1801 March Ln

      COMMON AREA (COMMERCIAL)
      1801 March Ln, Stockton, CA 95210-6629
      View Details
    • Value Estimation by Request
      16.09 Acres

      1630 Hammer Ln

      COMMON AREA (COMMERCIAL) • 16.09 Acres
      1630 Hammer Ln, Stockton, CA 95210
      View Details
    • Value Estimation
      $1,010,000
      7,453 SF

      1440 Hammer Ln

      SHOW ROOM, WAREHOUSE • 7,453 SF
      1440 Hammer Ln, Stockton, CA 95210-3025
      View Details
    • Value Estimation
      $5,615,000
      49,835 SF

      718 Hammer Ln

      COMMERCIAL (GENERAL) • 49,835 SF
      718 Hammer Ln, Stockton, CA 95210-3748
      View Details
    • Value Estimation
      $1,910,000
      20,332 SF

      8027 Ww Ln

      COMMERCIAL (GENERAL) • 20,332 SF
      8027 Ww Ln, Stockton, CA 95210-3141
      View Details
    • Value Estimation
      $885,000
      7,200 SF

      7912 El Dorado St

      COMMERCIAL (GENERAL) • 7,200 SF
      7912 El Dorado St, Stockton, CA 95210-2406
      View Details

    Similar Nearby for Sale

    • $300,000
      1,959 SF

      Stockton Light Industrial Condo

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      40,000 SF

      Stockton Retail Corridor Shopping Center

      Located in a prominent North Stockton retail corridor.
      904-1212 E Hammer Ln, Stockton, CA 95210
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    • Contact for pricing
      36,000 SF

      Stockton Retail/Office Opportunity

      Retail and office spaces available in a central Stockton location.
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      Stockton Residential Development Site

      12.46 acre residential development site in established neighborhood.
      10789 Lower Sacramento Rd, Stockton, CA 95210
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      Residential Development Site in Stockton

      6.43 acre residential development site in a growing neighborhood.
      10601 Lower Sacramento Rd, Stockton, CA 95210
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      Stockton Commercial Building For Sale

      5,620 SF commercial building with office and restaurant space.
      Stockton, CA 95210
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    Similar Nearby for Lease

    • Contact for pricing

      Stockton Land Parcel For Rent

      Land parcel available for rent in Stockton, California.
      1120 W Hammer Ln, Stockton, CA 95210
      View Details
    • $1.00 SF/Yr

      North Stockton Flex Space Available

      Flex space with office and warehouse in North Stockton.
      7475 Murray Dr, Stockton, CA 95210
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      6,000 SF

      Prime Retail/Office Space in Stockton

      6,000 SF Single-Tenant Building, Drive-Thru
      1547 March Ln, Stockton, CA 95210
      View Details
    • Contact for pricing
      1,684 SF

      Retail Space in North Stockton

      Retail space available in high-traffic North Stockton location.
      7910 Lower Sacramento Rd, Stockton, CA 95210
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    • Contact for pricing
      202,719 SF

      1616-1880 Hammer Ln

      Retail space • 202,719 SF
      1616-1880 Hammer Ln, Stockton, CA 95210
      View Details
    • Contact for pricing

      Stockton Retail Space For Rent

      Retail space in busy Stockton community center with high traffic.
      1010 E Hammer Ln, Stockton, CA 95210
      View Details
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    616 Hammer Ln
    Stockton, CA 95207
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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