2211 Rockefeller Dr Ceres, CA 95307-7202
This 7,500 square foot auto shop in Ceres, CA, presents a compelling investment opportunity. Located on Rockefeller Drive, adjacent to the heavily trafficked Highway 99 (approx. 104,700 vehicles daily), this property benefits from high visibility and accessibility. The building, constructed in 2002, is currently leased to Gerber Collision & Glass, the nation's second-largest MSO, under a new 5-year lease with 20 years of options. Gerber's significant capital expenditures upgrading the facility underscore their long-term commitment. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $102,000, with an asking price of $1,511,111 ($201/sq ft). Situated in a thriving area with a population exceeding 180,000 and an average household income of $93,182 within a 5-mile radius, this location offers exceptional stability and growth potential. The previous owner successfully operated the business for 22 years before selling to Gerber, further demonstrating the site's proven success. This investment offers a blend of strong current income and significant long-term upside potential, anchored by a national, publicly traded tenant. The property is approximately 4 miles from Downtown Modesto, providing easy access to a larger urban center.
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Gerber Collision & Glass Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.