811 March LnStockton, CA 95207

  • Retail space
  • 4,550 SF
For Sale
$1,250,000 View listing

Property Details for 811 March Ln

Year built
1994
Lot size
0.52 AC
Property size (Sq ft)
4,550 SF
Property type
Retail space
APN
104-090-190-000
APU
104090190000

Description

This exceptional investment opportunity presents a fully occupied, four-tenant retail building totaling 4,500 square feet on a 0.52-acre lot in Stockton, California. Located at 811 E March Ln, this single-story, 1989-built property boasts a strong 7.03% cap rate and a substantial net operating income (NOI) of $87,838. The property features 18 parking spaces and is situated on a main thoroughfare with excellent visibility. Currently 100% occupied with a diverse mix of tenants under NNN leases, this stabilized investment offers predictable cash flow and potential for future growth through varied rent bumps. The property benefits from recent improvements including a new roof, ADA-compliant walkway, and fresh paint. The asking price is $1,250,000, translating to $277.78 per square foot. Zoned for general commercial use, this fee-simple ownership offers a secure and lucrative investment opportunity in a prime Stockton location. The property's APN is 104-090-190. This is a rare chance to acquire a well-maintained, high-performing retail property with a proven track record of success. The property is ideally suited for investors seeking stable income and long-term appreciation.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,125,196
    6.5%
    $1,038,643
    7%
    $964,454
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,637,116
    Geo Method
    $1,637,116
  • Alternative Use

    Use
    Valuation
    Residential
    $876,134
    Hospitality
    $802,534
    Educational
    $667,699
    Medical
    $690,662
    Retail
    $1,038,643

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
38.0011
Longitude
-121.297
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
$7,705
$277,093
$351,059
$628,152
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