Turnkey Industrial Property with
107-115 Heron Way, Merced, CA 95341
Two warehouse buildings on 1.67 acres, ideal for industrial uses.
Type:Industrial, Office
Property size:
26,000 SFLot size:
1.67 AcresPrice / SF:
$138/SF- Added:
- Mar 6, 2026
- Days on Market:
- 114
- Last Refresh:
- Mar 16 at 3:13 pm
Property Features for 107-115 Heron Way
General Information
- Standard status
- Active
- Size
- 26,000 SF
- Lot size
- 1.67 Acres
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2005
Listing office London Properties
Listing date Mar 6, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of London Properties
HighLights
- Two warehouse buildings totaling 25,000 sq ft on 1.67 acres.
- Strong electrical infrastructure: Unit 107 (400 amps, 208 volts, 3‑phase); Unit 115 (2000 amps, 480 volts, 3‑phase) and (800 amps, 208 volts, 3‑phase).
- Unit 107 features multiple offices, conference room, kitchen, and open office areas.
- Multiple roll‑up doors in both units (4 in Unit 107, 3 in Unit 115).
- Suitable for owner‑users, investors, or multi‑tenant industrial operations.
- Convenient freeway access in an established industrial area.
Overview
This turnkey industrial commercial property includes two large warehouse buildings featuring sprinkler systems and ADA-compliant bathrooms, all situated on a 1.67-acre parcel. Unit 107 offers 9,000 square feet of space, including multiple offices, a conference room, storage rooms, two open office areas suitable for cubicles and desks, a kitchen, multiple bathrooms, and a sizable warehouse area. It is equipped with four large roll-up doors and a 400-amp, 208-volt, 3-phase electrical panel. Unit 115 provides 16,000 square feet of open warehouse space with three large roll-up doors and two bathrooms. It features a robust electrical infrastructure with a 2000-amp, 480-volt, 3-phase panel and an additional 800-amp, 208-volt, 3-phase panel, supported by multiple meters. The property's layout, power capacity, and location make it suitable for owner-users, investors, or multi-tenant industrial operations. It is located in an established industrial area with convenient freeway access, making it accessible for a variety of industrial and commercial uses.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $499.2k | $19.20 |
| − Vacancy | −$24.0k | −$0.92 |
| EGI | $475.2k | $18.28 |
| − OpEx | −$166.3k | −$6.40 |
| NOI | $308.9k | $11.88 |
26,000 SF · lease $19.20/SF/yr · vacancy 4.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$4.41M
$3.86M – $5.15M
NOI $308,905 @ 7.0% cap · market cap 8.58%
Second Best
Warehouse
$2.76M
$2.42M – $3.22M
NOI $193,376 @ 7.0% cap · market cap 5.37%
Theoretical Best
Healthcare Medical
$5.74M
$5.02M – $6.69M
NOI $401,544 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.521827
- Latitude
- 37.285514
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Two warehouse buildings on 1.67 acres, ideal for industrial uses.
Where is this flex space located?
The property is located at 107-115 Heron Way Merced, CA.
What is the asking price?
The asking price for this property is $3,599,000.
What are key features of this property?
This property features: Two warehouse buildings totaling 25,000 sq ft on 1.67 acres.; **Strong electrical infrastructure**: Unit 107 (400 amps, 208 volts, 3‑phase); **Unit 115 (2000 amps, 480 volts, 3‑phase) and (800 amps, 208 volts, 3‑phase).**; Unit 107 features multiple offices, conference room, kitchen, and open office areas.
