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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Super regional malls
2600 Mitchell Rd Ceres, CA 95307-9468
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-1751348
Property summary
AI-generated overview
This thriving bakery business in Ceres, CA, is available for purchase for $165,000. Located at 2600 Mitchell Rd., 95307, this 1,800 square foot, single-story building enjoys a high-traffic location. The current lease, a gross lease with a 2% annual rent bump, runs until July 31, 2025 (approximately 0.7 years remaining). The business operates under a single tenancy with 100% occupancy. Included in the sale is a comprehensive suite of commercial kitchen equipment, ideal for continuing the existing operation or launching a new venture. This equipment includes: Vulcan double ovens, an Avantco mobile heating cabinet, a twin-well countertop food warmer, a three-door refrigerator, two glass display cases, an upgraded 2-horsepower Hobart mixer, two prep tables, three pan racks, a walk-in cooler and freezer, a three-station sink, and a Globe mixer. This turnkey opportunity presents a strong foundation for immediate success in a vibrant community. Lease options are available. The business is currently operating under a gross lease agreement. No tenant credit rating is available.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1989
Construction
WOOD
Total area
18,182 SF
Lot
1.24 ac (54,014 SF)
APN
069-016-014-000
UPID
US09-1751348
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
-
La Jungla Michoacana Grocery & Convenience Store Specialty Food Shop
-
Mi Lindo Culiacan Restaurant
-
Spices Restaurant
-
Ceres Smoke shop (Bike/Boat/Book/etc) Store
-
Gill Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.67M
Owner & transaction history
Taylor Properties LLC · 4 yrs held
Taylor Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,220,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±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
$147 / 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
$28,712
Tax year 2024
Assessed value
$2,568,000
Assessed 2024
Previous assessed
$2,568,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$770,000
Assessed improvement
$1,798,000
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
1989
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
12
Total area
18,182 SF
Lot
1.24 ac (54,014 SF)
APN
069-016-014-000
UPID
US09-1751348
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
COMMERCIAL (GENERAL)
Est. value
$4.2M
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
1989
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
12
Lot
1.24 ac
Current owner
From public records · entity-resolved
Taylor Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 92, RIVERBANK, CA 95367-0092
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
—
Taylor Properties LLC
—
Deed
related
$1,300,000 · Oak Valley Community Bank
Nov 12, 2021
—
Taylor Properties LLC
Taylor Properties
Intrafamily Transfer
related
—
Sep 30, 2020
—
Taylor Props
—
Deed
related
$500,000 · Oak Vly Cmnty Bk
Nov 18, 2010
—
Taylor Props
Taylor Family Trust
Quit Claim Deed
related
—
Aug 31, 2010
—
Taylor Family Trust
Taylor A & F Living Trust
Quit Claim Deed
related
—
—
—
Taylor Properties
—
Deed Of Trust
related
$920,000 · Stancorp Mortgage Investors
—
—
Taylor Props
—
Loan Modification
related
$500,000 · Oak Vly Cmnty Bk
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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