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Property profile & analytics
FOR SALE
Banks
2617 Mitchell Rd Ceres, CA 95307
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1776319
For Sale
1 / 14
$18,355,000
2617 Mitchell Rd, Ceres, CA 95307
View Listing →
Property summary
AI-generated overview
Whitmore Plaza, located at 2617 Mitchell Rd, Ceres, CA 95307, presents a compelling retail investment opportunity. This 115,396 square foot shopping center is anchored by a high-performing SaveMart and Planet Fitness, ensuring strong traffic and visibility. The center boasts a multiple tenancy structure with a minimum divisible space of 1,220 square feet and a maximum contiguous space of 4,000 square feet
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1984
Construction
WOOD
Total area
4,738 SF
Lot
0.43 ac (18,730 SF)
APN
053-009-009-000
UPID
US09-1776319
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
-
Bank of America ATM Financial Consultant Financial Planner
-
Mortgage, Bank of America Loan Service Bank
-
Bank of America Financial Center Bank Loan Service
-
DL5JK1 Mining Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.36M
Owner & transaction history
Save Mart Portfolio Owner Nlp Ca Ll · 5 yrs held
Save Mart Portfolio Owner Nlp Ca Ll
since 2021
Last sale
$18.4M
2 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
$18,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.36M
Range $16.52M – $20.19M · ±10% · vs last sale $18.39M (Mar 12 2021)
Last sale anchor
$18.39M
Mar 12 2021
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
$3,874 / 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
$10,318
Tax year 2024
Assessed value
$922,188
Assessed 2024
Previous assessed
$922,188
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$91,793
Assessed improvement
$830,395
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1984
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
4,738 SF
Lot
0.43 ac (18,730 SF)
APN
053-009-009-000
UPID
US09-1776319
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
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Save Mart Portfolio Owner Nlp Ca Ll
Individual
Mailing address
30 N LA SALLE ST STE #4140, CHICAGO, IL 60602-2900
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
—
Save Mart Portfolio Owner Nlp Ca Ll
—
Deed
related
$425,000,000 · Wells Fargo Bank NA
Mar 12, 2021
$18,394,500
Save Mart Portfolio Owner Nlp Ca Ll
Yosemite Properties
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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