Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Atwater Village Title is generated by Realmo AI

    605 W Bellevue Road, Atwater, CA 95301

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available in Atwater Village Shopping Center.

    Type:Commercial
    Property size:
    3,600 SF
    Added:
    May 20, 2026
    Days on Market:
    11
    Last Refresh:
    May 21 at 8:46 am

    Property Features for 605 W Bellevue Road

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    STEVE TINETTI
    STEVE TINETTI

    Listing agent STEVE TINETTI License #00475070

    Listing office TINETTI REALTY GROUP

    Listing date May 20, 2026

    Source Corcoran

    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 TINETTI REALTY GROUP

    HighLights

    • End cap space available in a 95,210 SF neighborhood shopping center.
    • High‑visibility location at the '5 Corners' intersection.
    • Ample parking with 491 spaces.
    • Full glazing on south wall facing parking lot.
    • Rear access and storage rooms.
    • Includes two restrooms and two sets of HVAC thermostats.

    Overview

    The available end cap space is located on the west end of the Atwater Village Shopping Center, a 95,210 square foot neighborhood commercial shopping center. Situated in the northwest quadrant of the '5 Corners' intersection of Shaffer Road, First Street, and Bellevue Road, the space offers 3,600 square feet for lease at $1.30 per square foot, plus NNN expenses estimated at $0.38 per square foot. The space features full glazing on the south wall, which faces a 491-space parking lot. The interior includes a 10-foot high suspended ceiling, two restrooms, two sets of HVAC thermostats, and rear access with storage rooms. Additionally, the former Family Dollar store, comprising 14,702 square feet, is also available for lease at an asking price of $1.00 per square foot plus NNN.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Atwater
    County
    Merced
    State
    California
    Longitude
    -120.600885
    Latitude
    37.360507

    Nearby Similar for Lease

    • $975/Mo
      1,900 SF

      Downtown Atwater Office/Retail Space

      551 sq ft open concept space in downtown Atwater.
      1264 DRAKELEY AVE, Atwater, CA 95301
      View Details
    • $2,500/Mo
      1,750 SF

      Atwater Retail Space For Rent

      Commercial space suitable for a salon or general retail.
      1854 Bellevue Road, Atwater, CA 95301
      View Details
    • $750/Mo
      1,900 SF

      Downtown Atwater Retail/Office Space

      Retail or office space in Atwater's downtown area.
      1270 DRAKELEY AVE, Atwater, CA 95301
      View Details
    • Contact for pricing
      2,800 SF

      Downtown Atwater Retail Space Available

      Versatile 2,800 SF retail space in vibrant downtown Atwater.
      1269 Broadway, Atwater, CA 95301
      View Details
    • $4,500/Mo
      5,000 SF

      Functional Warehouse in Atwater Industrial Park

      5,000 SF warehouse with office, convenient highway access.
      240 Airpark, Atwater, CA 95301
      View Details
    • $8,000/Mo

      Retail Space on Broadway Avenue

      Retail space available for lease on Broadway Avenue.
      971 Broadway Avenue, Atwater, CA 95301
      View Details
    • Contact for pricing
      2,800 SF

      Downtown Atwater Retail Space

      Versatile 2,800 SF retail space in vibrant downtown Atwater.
      1269 Broadway, Atwater, CA 95301
      View Details
    • Contact for pricing
      95,346 SF

      Atwater Village Retail Space Available

      Retail space available in Atwater Village Shopping Center.
      511 W Bellevue, Atwater, CA 95301
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Available For Rent

      Single tenant retail space available, approximately 2,800 square feet.
      1269 Broadway Ave, Atwater, CA 95301
      View Details
    • $1.95 SF/Yr
      2,728 SF

      Retail Space in Power Center

      Retail space available in Atwater's Applegate Ranch Power Center.
      1301-1337 Commerce Ave, Atwater, CA
      View Details
    • $0.65 SF/Yr
      6,000 SF

      Atwater Warehouse Space Available

      6,000 SF warehouse space for lease in Atwater.
      300 Commerce Ave, Atwater, CA
      View Details
    • $1.00 SF/Yr
      18,562 SF

      Retail Space with Mezzanine

      In-line retail space featuring a 704 SF mezzanine.
      351-575 Bellevue Road, Atwater, CA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Atwater Village Shopping Center.
    Where is this retail space located?
    The property is located at 605 W Bellevue Road Atwater, CA.
    What are key features of this property?
    This property features: End cap space available in a 95,210 SF neighborhood shopping center.; High‑visibility location at the '5 Corners' intersection.; Ample parking with 491 spaces.
    (209) 384-3885
    We can help!
    Listing Contact
    STEVE TINETTI
    STEVE TINETTI
    Real Estate License ID: 00475070
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    605 W Bellevue Road, Atwater, CA 95301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!