| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 71st | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2005 Carmel Cir, Lodi, CA, 95242, US |
| Region / Metro | Lodi |
| Year of Construction | 1989 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2005 Carmel Cir Lodi Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and pricing support amid a high-cost ownership market, according to WDSuite’s CRE market data. Metrics cited here reflect conditions in the surrounding neighborhood, not the property’s own operations.
Situated in Lodi’s inner-suburban fabric, the neighborhood ranks 18th of 179 across the Stockton metro, placing it among the stronger sub-areas for multifamily screening. Restaurants and parks index well locally (both above metro median), while immediate access to cafes, groceries, and pharmacies is thinner—suggesting residents rely on nearby corridors for daily needs. For investors, this mix supports livability and retention while signaling selective amenity-driven positioning.
Schools average 4.0 out of 5 and trend in the top quartile nationally, a family-friendly signal that can bolster leasing stability over time. Childcare access also tests strong for the metro peer set, reinforcing appeal for households seeking proximity to services without a fully urban footprint.
On the housing side, neighborhood occupancy is in the upper-half nationally and has eased modestly in recent years, which calls for disciplined leasing and asset management rather than aggressive underwriting. Renter-occupied housing share in the neighborhood is moderate, with a deeper renter concentration at the 3-mile radius, indicating a sizable tenant base for professionally managed product.
Income levels in the neighborhood test high relative to national peers, and elevated home values point to a high-cost ownership market that can sustain renter reliance on multifamily housing. Within a 3-mile radius, recent population and household growth, with forecasts indicating additional household expansion, imply a gradually expanding renter pool and support for occupancy stability—framing measured upside for well-positioned assets based on commercial real estate analysis from WDSuite.
Neighborhood safety indicators are mixed when compared across the Stockton metro and national benchmarks. The area’s crime rank sits in the lower half of the 179-neighborhood metro set, suggesting safety conditions that are not among the metro’s strongest. Nationally, property offense levels compare weaker, though recent year-over-year data show a meaningful improvement trend. Violent offense metrics compare better than the national midpoint but have shown a recent uptick, warranting routine monitoring.
For investors, the takeaway is operational: position security and lighting to match submarket norms, emphasize professional management, and track the trajectory—especially given the recent improvement on property offenses alongside more variable violent-offense readings.
The employment base within commuting range blends consumer products, logistics, packaging, healthcare distribution, and healthcare services—drivers that support workforce housing demand and leasing durability for nearby multifamily.
- Clorox — consumer products (18.1 miles)
- DISH Network Distribution Center — logistics & distribution (29.4 miles)
- International Paper — packaging & paper products (34.1 miles)
- Cardinal Health — healthcare distribution (34.7 miles)
- Xerox State Healthcare — healthcare services (35.9 miles)
This 66-unit asset sits in a metro sub-area that ranks competitively among Stockton neighborhoods, with schools in the top quartile nationally and service access that supports family-oriented renters. Neighborhood occupancy remains in the upper-half nationally despite a recent softening, and elevated for-sale pricing indicates a high-cost ownership market that can reinforce renter retention and demand depth. Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to a larger tenant base and support for stable leasing, according to CRE market data from WDSuite.
Operationally, the amenity mix favors parks, restaurants, and childcare over immediate grocery/pharmacy access, suggesting value in emphasizing on-site conveniences and regional connectivity. Employment nodes within a 20–40 mile commute add breadth to the renter pool across consumer products, logistics, packaging, and healthcare. Risks include mixed safety readings and easing occupancy at the neighborhood level, both manageable with disciplined asset management and targeted tenant marketing.
- Competitive neighborhood rank with top-quartile schools supports leasing durability
- Upper-half national occupancy and high-cost ownership market underpin rental demand
- 3-mile population and household growth signal a growing renter pool
- Proximity to diversified employment nodes broadens tenant base
- Risks: mixed safety indicators and recent occupancy easing call for prudent operations