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Property profile & analytics
OFF-MARKET
Estimated value
$18,180,000
Warehouses
8441 Airport Way Stockton, CA 95206-3970
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5442577
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Total area
213,035 SF
Lot
47.71 ac (2,078,247 SF)
APN
177-050-320-000
UPID
US09-5442577
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
$18.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.86M
Blend (final)
Blend
$18.18M
Owner & transaction history
Ream Enterprises LLC · 2 yrs held
Ream Enterprises LLC
since 2024
Last sale
$18.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$29.9M
+48.1%
Industrial (general)
$25.4M
+25.7%
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
$18,180,000
ML approach
$18,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,200,000
Current use
APARTMENT HOUSE (5+ UNITS)
$29,925,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$25,400,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$18.18M
Range $16.36M – $20.00M · ±10% · vs last sale $18.18M (Jun 24 2024)
Last sale anchor
$18.18M
Jun 24 2024
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
$85 / 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
$905,501
Tax year 2024
Assessed value
$76,336,536
Assessed 2024
Previous assessed
$76,336,536
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$7,636,536
Assessed improvement
$68,700,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Stories
1
Total area
213,035 SF
Lot
47.71 ac (2,078,247 SF)
APN
177-050-320-000
UPID
US09-5442577
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.9M
INDUSTRIAL (GENERAL)
Est. value
$25.4M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2023
Stories
1
Lot
47.71 ac
Current owner
From public records · entity-resolved
Ream Enterprises LLC
Entity
Free & Clear · 2 yrs held
Mailing address
315 HERMOSA WAY STE #105, MENLO PARK, CA 94025-5821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
$18,182,000
Ream Enterprises LLC
Crp Pdc Tidewater Venture LLC
Grant Deed
—
Oct 28, 2021
$8,000,000
Crp Pdc Tidewater Owner LLC
Armoto Partners LLC
Grant Deed
$42,300,000 · City National 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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