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Property profile & analytics
OFF-MARKET
Estimated value
$2,590,000
Super regional malls
1633 Hatch Rd Ceres, CA 95307
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-2816295
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1999
Construction
TILT-UP CONCRETE
Total area
13,800 SF
Lot
1.04 ac (45,302 SF)
APN
039-032-027-000
UPID
US09-2816295
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.59M
Owner & transaction history
A I L Investment LLC
A I L Investment LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.3M
+15.0%
Industrial (general)
$3.9M
+6.3%
Medical building
$3.9M
+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%
$3,570,000
6.5%
$3,295,000
7%
$3,060,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,700,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,260,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,935,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$3,890,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,205,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.59M
Range $2.33M – $2.85M · ±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
$188 / 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
$31,836
Tax year 2024
Assessed value
$2,832,000
Assessed 2024
Previous assessed
$2,832,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$850,000
Assessed improvement
$1,982,000
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
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
1999
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
10
Total area
13,800 SF
Lot
1.04 ac (45,302 SF)
APN
039-032-027-000
UPID
US09-2816295
Jurisdiction
STANISLAUS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.2M
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
1999
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
10
Lot
1.04 ac
Current owner
From public records · entity-resolved
A I L Investment LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1900 S NORFOLK ST STE #225, SAN MATEO, CA 94403-1166
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
$19,000,000
A I L Investment LLC
Ceres Marketplace Investors LLC
Grant Deed
—
Apr 24, 2023
—
Grocery Outlet INC
Ceres Marketplace Investors LLC
Lease
—
Aug 15, 2016
—
Ceres Marketplace Investors Ll
—
Deed
related
$13,200,000 · Societe Generale
Aug 8, 2016
—
Ceres Marketplace Investors Ll
—
Deed
related
$13,200,000 · Societe Generale
Jul 30, 2008
—
Ceres Marketplace Investors LLC
Mezes Plaza Investors LLC
Grant Deed
—
Jun 20, 2006
—
Ceres Marketplace Invtrs INC
Ceres Marketplace LLC
Quit Claim Deed
related
$13,000,000 · Prudential Mortgage Capital Co
—
—
Ceres Marketplace Investors Ll
—
Deed Of Trust
related
$13,200,000 · Societe Generale
—
—
Ceres Marketplace Investors Ll
—
Deed Of Trust
related
$13,200,000 · Societe Generale
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.
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