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Property profile & analytics
OFF-MARKET
Estimated value
$10,810,000
Super regional malls
1515 Mitchell Rd Ceres, CA 95307-2153
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2361550
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2005
Total area
57,840 SF
Lot
2.31 ac (100,623 SF)
Zoning code
C1
APN
040-092-045-000
UPID
US09-2361550
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fred Loya Insurance Insurance Agency
-
Subway Take-out & Catering
-
Wash & Dry 4 Less (Bike/Boat/Book/etc) Store
-
J'S smoke shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
J's smoke Shop 10 (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.81M
Owner & transaction history
Central Valley Station LLC · 11 yrs held
Central Valley Station LLC
since 2015
7 recorded transactions
Zoning & alternative use
C1 · Ceres, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$17.9M
+15.0%
Industrial (general)
$16.5M
+6.3%
Medical building
$16.3M
+5.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ceres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ceres submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,960,000
6.5%
$13,810,000
7%
$12,825,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,520,000
Current use
APARTMENT HOUSE (5+ UNITS)
$17,850,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,500,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$16,295,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,430,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$10.81M
Range $9.73M – $11.89M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$187 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$136,627
Tax year 2024
Assessed value
$12,180,000
Assessed 2024
Previous assessed
$12,180,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$929,000
Assessed improvement
$11,251,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
3
Total area
57,840 SF
Lot
2.31 ac (100,623 SF)
Zoning code
C1
APN
040-092-045-000
UPID
US09-2361550
Jurisdiction
STANISLAUS
Zoning & alternative use
C1 · Ceres, CA
Zoning C1 · permitted uses
C1 · Ceres, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ceres. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.9M
INDUSTRIAL (GENERAL)
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$16.3M
COMMERCIAL (GENERAL)
Est. value
$13.4M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Buildings
3
Lot
2.31 ac
Current owner
From public records · entity-resolved
Central Valley Station LLC
Entity
Free & Clear · 11 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2020
—
Paq INC
—
Deed
related
—
Jan 17, 2020
—
Central Valley Station LP
—
Deed
related
$200,000,000 · Miscellaneous Ins Co
Jun 29, 2015
$20,950,000
Central Valley Station LLC
Palo Alto Bayshore Investors L
Grant Deed
—
Jul 31, 2007
—
Palo Alto Bayshore Invtrs LLC
Len S & R Family Trust
Grant Deed
—
May 27, 2005
—
Arnold G Wong
Hayashi,christine
Quit Claim Deed
related
—
Mar 21, 2005
—
Nylen James P & Linda M Trust
Central Valley Marketplace LLC
Grant Deed
—
—
—
Paq INC
—
Deed Of Trust
related
—
—
—
Paq INC
—
Loan Modification
related
—
—
—
Central Valley Station LP
—
Deed Of Trust
related
$200,000,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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