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    2908 Whitmore Ave Ceres, CA 95307-2800
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    Property profile & analytics

    2908 Whitmore Ave, Ceres, CA 95307-2800

    View on Map
    • Super regional malls
    • 30,440 SF
    • 2.55 lot acres
    Off-Market
    Last Sale Mar 12, 2021
    $18,394,500
    Property ID
    US09-2445067
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Central Valley Cleaners / (Bike/Boat/Book/etc) Store
    • H&R Block / Tax Preparation
    • Bob's Coffee Shop / Restaurant
    • The UPS Store / Courier Service / Postal Service
    • Nail Tech / Nail Salon

    Property Details for 2908 Whitmore Ave

    Year built
    1980
    Construction
    TILT-UP CONCRETE
    Lot size
    2.55 lot acres
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    053-009-012-000
    APU
    53009012000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2023 — Save Mart Portfolio Owner Nlp Ca Ll — Deed · related $425M · Wells Fargo Bank NA
    Mar 12, 2021 $18,394,500 Save Mart Portfolio Owner Nlp Ca Ll Yosemite Properties Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ceres
    County
    Stanislaus
    State
    California
    Longitude
    -120.941
    Latitude
    37.5935
    CBSA code
    33700
    CBSA name
    MODESTO, 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
    $69,722
    $607,541
    $5,629,708
    $6,237,249
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      4,800 SF

      1507 Mitchell Rd

      REGIONAL SHOPPING CENTER, MALL
      1507 Mitchell Rd, Ceres, CA 95307-2152
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    • Value Estimation
      $10,810,000
      57,840 SF

      1515 Mitchell Rd

      REGIONAL SHOPPING CENTER, MALL
      1515 Mitchell Rd, Ceres, CA 95307-2153
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    • Value Estimation
      $1,840,000
      15,190 SF

      3018 Service Rd

      REGIONAL SHOPPING CENTER, MALL
      3018 Service Rd, Ceres, CA 95307-6423
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    • Value Estimation
      $945,000
      14,194 SF

      1578 Whitmore Ave

      REGIONAL SHOPPING CENTER, MALL
      1578 Whitmore Ave, Ceres, CA 95307-7455
      View Details
    • Value Estimation
      $1,420,000
      13,816 SF

      3505 Mitchell Rd

      REGIONAL SHOPPING CENTER, MALL
      3505 Mitchell Rd, Ceres, CA 95307-9418
      View Details
    • Value Estimation
      $500,000
      3,400 SF

      2142 Mitchell Rd

      REGIONAL SHOPPING CENTER, MALL
      2142 Mitchell Rd, Ceres, CA 95307-2840
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grocery-Anchored Neighborhood Shopping Center

      Strong tenant stability potential with SaveMart and Planet Fitness anchors supporting a daily convenience-driven shopping mix.
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      3,000 SF

      Freestanding Retail Asset with Drive-Thru

      3,000 SF retail property with drive-thru, leased to Farmer Boys.
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      Highway Commercial Land For Sale

      Two-acre highway commercial land near Walmart and Ceres Gateway Center.
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      Commercial Land on Roeding Road

      Commercial land available at the corner of Mitchell and Roeding.
      3010 Roeding Rd, Ceres, CA 95307
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    • $2,988,800

      Ceres Commercial Land Available

      Commercial land available in Ceres, California.
      4111 Brew Master Dr, Ceres, CA 95307
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      4,970 SF

      Industrial Shop with Outdoor Storage

      Newly built industrial shop on 2.13 acres for sale.
      4376 Farm Supply Dr, Ceres, CA 95307
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    Similar Nearby for Lease

    • Contact for pricing
      5,100 SF

      Grocery Anchored Retail Space

      Premier Ceres shopping center with high traffic and visibility.
      2908-2920 E Whitmore Ave, Ceres, CA 95307
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      1,070 SF

      Retail Space in Ceres, CA

      Retail space available for lease in Ceres, California.
      Morgan Rd, Ceres, CA 95307
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      Light Industrial Warehouse Units Available

      Light industrial warehouse units for lease with freeway visibility.
      3427 Railroad Ave, Ceres, CA 95307
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    • Contact for pricing
      8,500 SF

      Industrial Space in Fairview Park

      Industrial property located in the Fairview Industrial Park area.
      1990 Rockefeller Dr, Ceres, CA 95307
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      New Industrial Suites For Lease

      New industrial complex with flexible spaces and highway access.
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    • Contact for pricing
      3,050 SF

      Ceres Flex/Industrial Space Available

      3,050 SF flex/industrial space for lease in Ceres.
      3437 Railroad Ave, Ceres, CA 95307
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    Ceres, CA 95307-2800
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    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.

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    2908 Whitmore Ave, Ceres, CA, 95307
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