4568 Feather River DrStockton, CA 95219

Property Details for 4568 Feather River Dr

Property size (Sq ft)

3,308 SF

Zone code

N

Property type

Office properties

APN

118-030-030-000

APU

118030030000

Description

This exceptional investment opportunity presents a fully leased, 2,150 square foot Class C medical office condominium located at 4568 Feather River Dr Ste D, Stockton, CA 95219. The property, built in 1987 and extensively renovated in 2023, boasts a 100% occupancy rate with a single tenant under a triple-net (NNN) lease. The current lease commenced February 1, 2023, and expires January 31, 2026, with five one-year lease options and 3% annual rent bumps. The asking price is $850,000, representing a compelling $395.35 per square foot and a 6.00% capitalization rate based on a net operating income (NOI) of $51,000. The property features a highly functional floor plan including multiple treatment rooms, a surgery room, doctor's office, reception area, breakroom, storage, and two ADA-compliant restrooms. Situated in the Feather-March Office Park in Brookside, this prime location offers convenient access to Interstate 5 via W March Lane and proximity to various restaurants, businesses, hotels, and retail establishments. The condominium association (COA) maintains common areas, parking, insurance, roof, exterior, landscaping, and trash removal, minimizing landlord responsibilities. On-site parking and an elevator are also available. The property is zoned for commercial office use and features a fee-simple ownership structure. This is a turnkey investment opportunity with strong cash flow and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $556,500

  6.5%

  $513,692

  7%

  $477,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $472,316

  Geo Method

  $472,316

• Alternative Use

  Use

  Valuation

  Residential

  $636,978

  Hospitality

  $583,469

  Educational

  $485,439

  Medical

  $502,134

  Retail

  $755,128

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.983

Longitude

-121.347

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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