1110 Robinhood DrStockton, CA 95207

Property Details for 1110 Robinhood Dr

Lot size

0.46 AC

Property size (Sq ft)

3,433 SF

Zone code

CR

Property type

Healthcare properties

Property subtype

Medical offices

APN

108-140-150-000

APU

108140150000

Description

Exceptional investment opportunity: a single-tenant, 3,300 square foot medical office building in Stockton, CA, currently occupied by a corporate-guaranteed orthodontic practice. The property boasts a 10-year NNN lease (commencing June 14, 2024, expiring June 30, 2034), offering 9.6 years of remaining lease term with two five-year renewal options and a 3% annual rent increase. The asking price is $1,650,000, representing a $500 per square foot cost and a 6.00% cap rate, with a current NOI of $99,000. The building, constructed in 1970 and extensively renovated in 2019 and 2023, sits on a 0.46-acre lot and includes 22 parking spaces. The property features a Class C designation, is 100% occupied, and benefits from a fee simple ownership structure. Located at 1110 W Robinhood Dr, Stockton, CA 95207, this property is zoned for commercial office use and enjoys a prime location near various amenities, including restaurants, educational institutions, and other businesses. The roof was sealed and silicone coated in 2021 with a 20-year warranty, and the parking lot was paved and striped in the same year. This investment offers minimal landlord responsibilities and benefits from the inherent resilience of orthodontic practices to economic downturns.

• CAP approach

  CAP return

  Valuation

  6%

  $577,528

  6.5%

  $533,103

  7%

  $495,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,164

  Geo Method

  $490,164

• Alternative Use

  Use

  Valuation

  Residential

  $661,048

  Hospitality

  $605,516

  Educational

  $503,782

  Medical

  $521,108

  Retail

  $783,662

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9994

Longitude

-121.32

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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