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    Grocery-Anchored Neighborhood Shopping Center Title is generated by Realmo AI

    2617 Mitchell Rd, Ceres, CA 95307

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    Strong tenant stability potential with SaveMart and Planet Fitness anchors supporting a daily convenience-driven shopping mix.

    Type:Retail
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 12:03 am

    Property Features for 2617 Mitchell Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Properties For Sale

    at 2617 Mitchell Rd Contact us

    We can help!

    Listing Contact
    Danny Arroyo
    Danny Arroyo

    Listing agent Danny Arroyo License #CalDRE #02157228

    Listing office Capital Rivers Commercial

    Listing date Jun 2, 2026

    Source Capitalrivers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Capital Rivers Commercial

    HighLights

    • Neighborhood shopping center in Ceres, CA, anchored by SaveMart and Planet Fitness
    • Located on the corner of E. Whitmore Avenue (±19,907 ATC) and Mitchell Road (±112,607 ATC)
    • Grocery‑anchored center with 1.8M visitors per year in Ceres, CA
    • Over 170,000 estimated residents within a 5‑mile radius
    • Trade area population of 100,128
    • Lease rate $2.25 PSF with NNN rate of $0.47 PSF

    Overview

    Whitmore Plaza is a grocery-anchored neighborhood shopping center built for consistent, convenience-based demand. The center is anchored by a high-performing SaveMart and Planet Fitness, giving the plaza a durable base of everyday traffic. With its established retail mix and strong draw from nearby residents, the property is positioned to serve local shopping needs.

    Located at a prominent corner intersection, the center benefits from visibility and accessible circulation for both nearby and regional visitors. Public remarks indicate approximately 1.8M visitors per year in Ceres, with an estimated 170,000+ residents within a 5-mile radius. The trade area is supported by a drive-in customer profile, with many shoppers traveling into the center from surrounding areas.

    For investors and tenants seeking a retail platform with proven anchors, Whitmore Plaza offers a practical operating environment within a growing suburban market. The anchored format can support tenant recruiting and retention, particularly for businesses that complement grocery and fitness-driven shopping patterns.
    Location Intelligence

    Current Use by Public Records

    Bank of America ATM Atm Mortgage, Bank of America Loan Service Bank of America Financial ... Bank DL5JK1 Mining Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Downtown Ceres — 3052 5th St A, Ceres, CA 95307
    • Whitmore Plaza — 2914 E Whitmore Ave, Ceres, CA 95307
    • Coinstar Kiosk | Bitcoin ATM — Save Mart, 2920 E Whitmore Ave, Ceres, CA 95307

    Location Insight

    • Map
    • Local Demand
    City
    Ceres
    County
    Stanislaus
    State
    California
    Longitude
    -120.9391234
    Latitude
    37.5930101

    Nearby Similar for Sale

    • $3,500,000
      3,000 SF

      Freestanding Retail Asset with Drive-Thru

      3,000 SF retail property with drive-thru, leased to Farmer Boys.
      3908 Mitchell Rd, Ceres, CA 95307
      View Details
    • $2,988,800

      Industrial Building Near Freeway

      22,000 square foot industrial building for sale in Ceres.
      Brew Master #A, Ceres, CA 95307
      View Details

    FAQs

    What type of property is this?
    Shopping center - Strong tenant stability potential with SaveMart and Planet Fitness anchors supporting a daily convenience-driven shopping mix.
    Where is this shopping center located?
    The property is located at 2617 Mitchell Rd Ceres, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Neighborhood shopping center in Ceres, CA, anchored by SaveMart and Planet Fitness; Located on the corner of E. Whitmore Avenue (±19,907 ATC) and Mitchell Road (±112,607 ATC); Grocery‑anchored center with 1.8M visitors per year in Ceres, CA
    (916) 717-7975
    We can help!
    Listing Contact
    Danny Arroyo
    Danny Arroyo
    Real Estate License ID: CalDRE #02157228
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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