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

    701 Broadway Ave Atwater, CA 95301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Prime Atwater location, versatile space, great potential.

    Property size:
    900 SF

    Property Features for 701 Broadway Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    900 SF
    Lot Size
    5,663 SF

    We can help!

    Listing Contact
    Andy Krotik

    Listing Agency: KELLER WILLIAMS PROPERTY TEAM Listing Agent: Andy Krotik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located in the heart of downtown Atwater, California, presents a unique investment opportunity. The building, situated on a sizable 0.13-acre lot (approximately 5,720 square feet), offers approximately 900 square feet of usable space. Currently configured as a hair salon, the property's adaptable layout allows for a variety of commercial uses, making it an ideal choice for entrepreneurs and investors alike. Beyond the main building, a substantial 588-square-foot garage/storage space provides ample room for inventory, equipment, or additional workspace. This added space significantly enhances the property's functionality and value. The asking price is $299,000. The property's central location in Atwater offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and employees. While currently operating as a hair salon, the absence of any signage on the property allows for a seamless transition to a new business venture. The sale may include certain items of personal property, details of which can be provided upon request. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving downtown area. Don't miss out on this chance to establish your business or expand your investment portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks Miracles Beauty ... Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atwater
    County
    Merced
    State
    California
    Longitude
    -120.6038
    Latitude
    37.34518

    Nearby Similar for Sale

    • $699,999
      3,848 SF

      Atwater Church Property For Sale

      Church property in Atwater, move-in ready for worship and community.
      1251 Cedar Ave, Atwater, CA 95301
      View Details
    • $299,999
      1,334 SF

      Atwater Commercial Building For Sale

      1,334 sq ft building ready for transformation in Atwater.
      1230 Drakeley Ave, Atwater, CA 95301
      View Details
    • $849,000

      Commercial Building on Atwater Blvd

      Commercial building with high visibility, accessibility, and functionality.
      2579 Atwater Blvd, Atwater, CA 95301
      View Details
    • $699,999
      3,848 SF

      Atwater Church Property For Sale

      Church property in Atwater, move-in ready for worship and community.
      1251 Cedar Ave, Atwater, CA 95301
      View Details
    • $849,000

      Commercial Building on Atwater Boulevard

      Commercial building with high visibility, versatile space, and income potential.
      2579 Atwater Blvd, Atwater, CA 95301
      View Details
    • $849,000
      4,996 SF

      Versatile Commercial Building on Atwater Blvd

      Commercial building with high visibility, accessibility, and income potential.
      2519 Atwater Blvd, Atwater, CA 95301
      View Details
    • $299,999
      1,334 SF

      Atwater Commercial Building on Drakeley

      1,334 sq ft building ready for transformation.
      1230 Drakeley Ave, Atwater, CA 95301
      View Details
    • $450,000
      1,200 SF

      Atwater Retail Location For Sale

      Commercial retail location in Atwater with high foot traffic.
      1253 Winton Way, Atwater, CA 95301
      View Details
    • $160,000

      Corner Commercial Property for Sale

      Commercial property on corner lot, ideal for redevelopment or renovation.
      695 Atwater Blvd, Atwater, CA 95301
      View Details
    • $499,000
      2,159 SF

      Updated Office Building in Atwater

      Move-in ready office building with functional space and versatile features.
      Palm Ave, Atwater, CA 95301
      View Details
    • $225,000

      701 Broadway Ave, Atwater, CA 95301

      Retail space
      701 Broadway Ave, Atwater, CA 95301
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Atwater location, versatile space, great potential.
    Where is this commercial real estate located?
    The property is located at 701 Broadway Ave Atwater, CA.
    What is the asking price?
    The asking price for this property is $299,000.
    (209) 675-2879
    Request Owner's contact information
    701 Broadway Ave Atwater, CA 95301
    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.
    701 Broadway Ave
    Atwater, CA 95301
    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
    701 Broadway Ave Atwater, CA 95301
    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

    We can help!
    Listing Contact
    Andy Krotik
    Real Estate License ID: 01040802
    (209) 675-2879 (209) 777-5070 (209) 676-2875
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!