Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1631 Bellevue Rd Atwater, CA 95301-2608

    • Commercial real estate
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Sep 03, 2021
    $3,024,000
    Value Estimations
    $3,825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2635001
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Happy Massage / Massage Spa / Massage Therapist
    • Re/Max Homes & Land - Guillermo Bravo, Realtor - Ca Lic # 01441674 / Real Estate Agent
    • Angela Santamaria, Huff Real Estate / Real Estate Agent / Service Establishment
    • Re/Max Homes & Land / Real Estate Agency

    Property Details for 1631 Bellevue Rd

    Lot size
    0.74 lot acres
    Property type
    Commercial real estate
    APN
    150-160-020-000
    APU
    150160020000

    Description

    This exceptional retail opportunity presents a former Chase Bank building situated within the bustling Atwater Marketplace. The property, located at 1631 Bellevue Rd, Atwater, CA 95301, offers a spacious 3,600 square feet of leasable area, ideal for a variety of retail uses. The building itself is a single-story structure, totaling 5,070 square feet on a 0.74-acre lot (APN: 150-160-020, Merced County). Its prime location at the entrance of the shopping center ensures excellent street visibility and high foot traffic, maximizing exposure for your business. The property is classified as retail with a bank subtype and is currently available for multiple tenants. This presents a unique chance to establish a presence in a thriving commercial area. The building's history as a bank provides a solid foundation and potentially desirable features for various retail operations. The property's convenient location in Atwater, California, offers easy access for customers and employees. This is a rare opportunity to secure a well-positioned retail space in a high-traffic area. Don't miss out on this chance to establish your business in a prime Atwater location. Contact us today to learn more about leasing this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,675,000
      ML approach
      $4,580,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atwater
    County
    Merced
    State
    California
    Longitude
    -120.611
    Latitude
    37.3611
    CBSA code
    32900
    CBSA name
    MERCED, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,089
    $655,452
    $1,118,430
    $1,773,882
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      1299 5th St

      COMMERCIAL (GENERAL) • 0.16 Acres
      1299 5th St, Atwater, CA 95301-4042
      View Details
    • Value Estimation by Request
      0.12 Acres

      1201 5th St

      COMMERCIAL (GENERAL) • 0.12 Acres
      1201 5th St, Atwater, CA 95301-4042
      View Details
    • Value Estimation by Request
      0.21 Acres

      1390 5th St

      COMMERCIAL (GENERAL) • 0.21 Acres
      1390 5th St, Atwater, CA 95301-4018
      View Details
    • Value Estimation by Request
      0.52 Acres

      370 Airpark Rd

      COMMERCIAL (GENERAL) • 0.52 Acres
      370 Airpark Rd, Atwater, CA 95301-9458
      View Details
    • Value Estimation by Request
      1.10 Acres

      231 Atwater Blvd

      COMMERCIAL (GENERAL) • 1.10 Acres
      231 Atwater Blvd, Atwater, CA 95301-4602
      View Details
    • Value Estimation by Request
      0.69 Acres

      1395 Atwater Blvd

      COMMERCIAL (GENERAL) • 0.69 Acres
      1395 Atwater Blvd, Atwater, CA 95301-4317
      View Details

    Similar Nearby for Sale

    • $249,000
      3,000 SF

      Atwater Blvd Business Opportunity

      Thriving Snack & Ice Cream Wholesale/Retail
      3500 Atwater Blvd, Atwater, CA 95301
      View Details
    • Contact for pricing
      18,562 SF

      Atwater Retail Space - Prime Location

      18,562 SF Former Rite Aid, High Visibility
      571 Rd, Atwater, CA 95301
      View Details
    • $299,000
      900 SF

      Downtown Atwater Commercial Building

      Prime Atwater location, versatile space, great potential.
      701 Broadway Ave, Atwater, CA 95301
      View Details
    • $575,000
      14,000 SF

      Atwater Blvd Commercial Opportunity

      High-traffic corner lot, endless potential.
      695 Atwater Blvd, Atwater, CA 95301
      View Details
    • Contact for pricing
      14,702 SF

      Atwater Retail Space - 14,702 SF

      High-visibility retail shell space in Atwater.
      451 Rd, Atwater, CA 95301
      View Details
    • Contact for pricing
      3,600 SF

      Atwater Retail Space - High Traffic Corner

      Prime Atwater location, 3600 sq ft retail space.
      1814 Rd, Atwater, CA 95301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Atwater Retail Space - Prime Location

      2,000 SF Restaurant Space, Excellent Visibility
      1847 Bellevue Rd, Atwater, CA 95301
      View Details
    • $6,000 /Mo
      3,600 SF

      Atwater Retail Space For Lease

      3,600 SF retail space in high-traffic Atwater location.
      1814 Bellevue Rd, Atwater, CA 95301
      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 95301
      View Details
    • $8,000 /Mo
      7,861 SF

      Spacious Central Valley Office Building

      7,861 SF office building with high visibility and ample parking.
      971 Broadway Ave, Atwater, CA 95301
      View Details
    • $1,500 /Mo

      Office/Retail Space Available

      760 sq ft office/retail space for rent.
      1265 Cedar Ave, Atwater, CA 95301
      View Details
    • Contact for pricing

      Retail Space in Atwater Center

      Former Family Dollar store in a busy shopping center.
      451 W Bellevue Rd, Atwater, CA 95301
      View Details
    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.
    1631 Bellevue Rd
    Atwater, CA 95301-2608
    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

    Google sign-in failed. Please try again or use another login method.