4400 Washington StStockton, CA 95215

Property Details for 4400 Washington St

Lot size

0.16 AC

Property size (Sq ft)

2,660 SF

Zone code

C

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

159-041-010-000

APU

159041010000

Description

This exceptional investment opportunity presents a 2,660 square foot retail building situated on a prominent corner lot (7,004 sq ft) in Stockton's Garden Acres neighborhood. The property, featuring a slanted roof and two handicap parking spaces (not ADA compliant), is currently 100% occupied by two tenants, generating a combined monthly rental income of $3,383 ($1,133 and $2,250). The building operates under a Net Lease (NNN) agreement with a multi-tenant occupancy since June 19, 2016. The property also includes a residential unit. Located in a community-oriented area with local businesses and community centers, this C-2 zoned property offers a stable investment with growth potential. The 2023 property taxes totaled $3,565, with a tax assessment of $283,013. Its convenient location, approximately 50 miles from both Sacramento and the Bay Area, enhances its appeal and business attraction potential. The asking price is $850,000, representing a strong return on investment. This one-story building is a unique opportunity in a thriving neighborhood. The property's APN is 159-041-01.

• CAP approach

  CAP return

  Valuation

  6%

  $657,807

  6.5%

  $607,207

  7%

  $563,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $957,083

  Geo Method

  $957,083

• Alternative Use

  Use

  Valuation

  Residential

  $512,201

  Hospitality

  $469,174

  Educational

  $390,347

  Medical

  $403,772

  Retail

  $607,207

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9631

Longitude

-121.235

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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