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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Retail residential properties
847 Main St Stockton, CA 95202-3130
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2242521
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1965
Total area
9,315 SF
Lot
0.23 ac (10,000 SF)
Zoning code
M1
APN
149-190-140-000
UPID
US09-2242521
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
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$985k
Owner & transaction history
Neo8 Investment Property LLC · 4 yrs held
Neo8 Investment Property LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
M1 · Stockton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+269.4%
Auto repair, garage
$1.3M
+217.4%
Apartment house (5+ units)
$1.2M
+178.7%
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
$1,015,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,565,000
Change: +269% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,345,000
Change: +217% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,180,000
Change: +179% · Conversion: Moderate
OFFICE BUILDING
$915,000
Change: +116% · Conversion: Easy
RETAIL STORES
$905,000
Change: +113% · Conversion: Easy
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.18M (Apr 12 2022)
Last sale anchor
$1.18M
Apr 12 2022
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
$106 / 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
$15,869
Tax year 2024
Assessed value
$1,227,672
Assessed 2024
Previous assessed
$1,227,672
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$228,888
Assessed improvement
$998,784
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1965
Heating
NONE
Stories
2
Total area
9,315 SF
Lot
0.23 ac (10,000 SF)
Zoning code
M1
APN
149-190-140-000
UPID
US09-2242521
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
M1 · Stockton, CA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$915,000
RETAIL STORES
Est. value
$905,000
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1965
Heating
NONE
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Neo8 Investment Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
706 N 137TH ST, SEATTLE, WA 98133-7417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 12, 2022
$1,180,000
Neo8 Investment Property LLC
847 E Main St LLC
Grant Deed
—
May 28, 2021
—
847 E Main St LLC
—
Deed
related
$600,000 · Bank Of Stockton
Jun 6, 2019
—
847 E Main St LLC
Kaur,prabhjot
Quit Claim Deed
related
—
Feb 9, 2017
$429,000
Mandeep Bhogal
Banka,sridevi
Grant Deed
—
Jul 15, 2014
$350,000
Sridevi Banka
Nichols,stacey M
Grant Deed
$160,000 · Rubicon Mortgage Fund LLC
Jan 23, 1998
—
Stacey M Nichols
Nichols,james W
Quit Claim Deed
related
—
Oct 4, 1990
$80,000
Nichols,james W
Benz,mary E
Trustees Deed
—
Oct 4, 1990
—
James W Nichols
Nichols,james W
Quit Claim Deed
related
$120,000 · 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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