7700 Moreland StStockton, CA 95212

  • Gas stations
  • 2,571 SF
For Sale
$4,900,000 View listing

Property Details for 7700 Moreland St

Year built
1970
Lot size
0.56 AC
Property size (Sq ft)
2,571 SF
Property type
Gas stations
APN
130-030-100-000
APU
130030100000

Description

This exceptional investment opportunity presents a thriving, independent gas station and convenience store located at 7700 Moreland St, Stockton, CA 95212. The property, situated on a 0.56-acre lot (24,243 sq ft), boasts a prime location at the southeast corner of Moreland Street and Hammer Lane, offering excellent visibility and accessibility. The property includes two buildings totaling 2,445 square feet, built in 1960 and renovated in 2010. The gas station features four pumps and benefits from its proximity to Highway 99. The business operates as Gavinko Petroleum, an unbranded fuel station, and enjoys 100% occupancy. The property is zoned for commercial use and has demonstrated strong financial performance, with gross profits of $1,216,000 in 2023 and $1,183,000 in 2022. Average monthly fuel volume is 70,000 gallons with a $1.00 margin per gallon, and average monthly C-store sales reach $100,000 with a 40% profit margin. This presents a lucrative opportunity in a growing area of Stockton, with a population exceeding 28,000 residents and strong household income levels. The property is offered at $4,900,000 ($2,004.09/sq ft). SBA financing options are available with a 20% down payment for qualified buyers. Detailed financial information is available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $635,798
    6.5%
    $586,890
    7%
    $544,970
  • Comparable approach

    Method
    Valuation
    Relative Method
    $925,060
    Geo Method
    $925,060
  • Alternative Use

    Use
    Valuation
    Residential
    $495,064
    Hospitality
    $453,476
    Educational
    $377,287
    Medical
    $390,262
    Retail
    $586,890

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
38.0207
Longitude
-121.26
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
$21,087
$743,886
$898,092
$1,641,978
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