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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Retail space
9040 Hwy 12 Lodi, CA 95240-9217
Individually Owned
~
Est. High Equity
Property ID
US09-3596278
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1951
Total area
8,134 SF
Lot
0.26 ac (11,500 SF)
Zoning code
N
APN
051-080-200-000
UPID
US09-3596278
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$705k
Owner & transaction history
Tim Pickett
Tim Pickett
since 2026
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
N · Lodi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lodi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lodi 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $750k (Mar 16 2022)
Last sale anchor
$750k
Mar 16 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
$87 / 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
$9,610
Tax year 2024
Assessed value
$780,300
Assessed 2024
Previous assessed
$780,300
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$208,080
Assessed improvement
$572,220
Applied tax rate
99.0000
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 space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1951
Heating
NONE
Stories
2
Total area
8,134 SF
Lot
0.26 ac (11,500 SF)
Zoning code
N
APN
051-080-200-000
UPID
US09-3596278
Jurisdiction
SAN JOAQUIN
Zoning & alternative use
N · Lodi, CA
Zoning N · permitted uses
N · Lodi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lodi. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Stories
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Tim Pickett
Individual
Mailing address
PO BOX 729, WOODBRIDGE, CA 95258-0729
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
$686,453
Tim Pickett
Guy Meyers
Trust Deed
related
—
Mar 16, 2022
$750,000
Guy Meyers
Tim Pickett
Grant Deed
$700,000 · Old Republic Title Company
Jul 6, 2021
$450,000
Tim Pickett
Carol L Lyon
Grant Deed
—
Mar 21, 2013
—
Carol L Lyon
Ruby,david S
Grant Deed
related
$200,000 · Spanos Alex & Faye Trust
Jul 3, 2003
$360,000
Carol L Lyon
Herd,bobby
Grant Deed
$161,500 · Bank Of Agriculture & Commerce
Mar 31, 1999
$200,000
Bobby Herd
Beneficial California INC
Grant Deed
$143,923 · Beneficial California INC
Apr 17, 1998
$217,137
Beneficial California INC
Moores,rex G & Hilda P
Trustees Deed
related
—
—
—
David S Ruby
—
Deed Of Trust
related
$325,000 · Bank Of Agriculture & Commerce
—
—
Rex G Moores
—
Deed Of Trust
related
$10,000 · Beneficial California INC
—
—
David S Ruby
—
Deed Of Trust
related
$150,000 · Spanos Alex & Faye Trust
—
—
Rex G Moores
—
Deed Of Trust
related
$150,000 · Beneficial California INC
—
—
Bobby Herd
—
Deed Of Trust
related
$200,000 · Individual
—
—
Carol L Lyon
—
Deed Of Trust
related
$75,000 · Spanos Trust
—
—
Rex G Moores
—
Deed Of Trust
related
$183,500 · Beneficial California INC
—
—
Rex G Moores
—
Deed Of Trust
related
$10,000 · Beneficial California INC
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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