Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 Vassar Avenue Merced, CA 95341

    View on Map
    For Sale
    $1,488,000

    Land/Lot - Merced, CA

    Lot size:
    864,230.40 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    292
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 0 Vassar Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Exterior features
    Community Features Included: Rural
    Standard status
    Active
    APN
    066031009000
    Lot size
    864,230.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mathew Madruga

    Listing agent Mathew Madruga License #02075873

    Listing office EXP Realty of California, INC 2603 Camino Ramon Ste 200, San Ramon, CA

    Listing date Jun 13, 2025

    MLS# MC25117690 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Merced Land in Path of Development

    This 19.84-acre parcel is part of a 161+/- acre family ranch. The property is strategically located in close proximity to Hwy 99 and the newly developed Campus Expressway overpass, which provides a direct route to UC Merced. The property is located within the "Merced Vision 2030" SUDP Boundary. Future possibilities could include commercial, industrial, or residential development. The Gateway Marketplace is a nearby regional commercial development project currently underway, including major retailers such as Tractor Supply, Starbucks, McDonald’s, Arco, Chevron and a Hilton Hotel/Convention Center. The city of Merced has broken ground on Community Park 42, a 40-acre regional sports complex. This parcel is adjacent to Yosemite Wholesale, a 220,000 square foot distribution warehouse. Land running along Mission Ave is becoming the object of attention as residential communities and city infrastructure is being brought further south. This accommodates the city's massive growth and underserved commercial, industrial, and residential needs. As the city of Merced determines its need for commercial, industrial, and residential land necessary to accommodate its quickly growing population and a growing UC Merced, this could be the best timing to acquire development land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.443713
    Latitude
    37.267054

    Nearby Similar for Sale

    • $455,000

      Merced Land with Utilities

      2.8 acre lot with well, septic, and electricity.
      3650 Santa Fe, Merced, CA 95301
      View Details
    • $290,000

      Merced Commercial Land Parcel

      Undeveloped 1.2-acre commercial land for sale in Merced, CA.
      1 W Belcher Avenue, Merced, CA 95348
      View Details
    • $995,000
      3,200 SF

      Multi-Use Professional Portfolio in Merced

      Multi-use professional portfolio in downtown Merced, California for sale.
      411 W 20th St, Merced, CA 95340
      View Details
    • $2,400,000
      6,665 SF

      New 10-Unit Apartment Complex

      New 10-unit apartment complex in Merced, CA.
      40 W 13th Street, Merced, CA 95341
      View Details
    • $275,000

      Vacant Land in Merced, CA

      1.02 acre vacant lot for development or investment.
      3 W Belcher Avenue, Merced, CA 95348
      View Details
    • $995,000

      Versatile Merced Commercial Opportunity

      Unique property suitable for various commercial or community purposes.
      901 W Main St, Merced, CA 95340
      View Details
    • $877,500
      3,510 SF

      Professional Office Condo For Sale

      Well-designed office condo on a high-traffic arterial street.
      3351 M, Merced, CA 95348
      View Details
    • $3,500,000
      8,500 SF

      Downtown Merced Commercial Portfolio

      Five contiguous parcels totaling 1.03 acres in downtown Merced.
      1616 Martin Luther King Jr, Merced, CA 95340
      View Details
    • $1,484,250

      Prime Development Land Near UC Merced

      19.79-acre parcel near Highway 99, poised for future development.
      2260 Vassar Avenue, Merced, CA 95341
      View Details
    • $1,484,250

      Merced Land in Development Path

      19.8-acre parcel near Highway 99, potential for development.
      2230 Vassar Avenue, Merced, CA 95341
      View Details
    • $850,000

      Downtown Merced Office/Retail Building

      Professional office building in Merced's downtown renovation area.
      635 W. Main St, Merced, CA 95340
      View Details
    • $350,000
      2,400 SF

      Downtown Merced Commercial Building

      2,400 SF retail and warehouse space in downtown Merced.
      47 W Main, Merced, CA 95340
      View Details

    FAQs

    What type of property is this?
    Land - 19.84-acre parcel near Hwy 99, ideal for development.
    Where is this land located?
    The property is located at 0 Vassar Avenue Merced, CA.
    What is the asking price?
    The asking price for this property is $1,488,000.
    What are key features of this property?
    This property features: Located within the "Merced Vision 2030" SUDP Boundary, positioning it for future growth.; Close proximity to Hwy 99 and the Campus Expressway, providing direct access to UC Merced.; Potential for commercial, industrial, or residential development in an underserved market.
    (949) 514-9100
    We can help!
    Listing Contact
    Mathew Madruga
    Real Estate License ID: 02075873
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!