Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Former Retail Space Available Title is generated by Realmo AI

    1111-1113 W Olive Ave, Merced, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    26,758 SF retail space in Merced, California for lease.

    Type:RETAIL
    Property size:
    26,758 SF
    Lot size:
    5.35 Acres
    Added:
    Sep 13, 2024
    Days on Market:
    610
    Last Refresh:
    Apr 5 at 10:06 pm

    Property Features for 1111-1113 W Olive Ave

    General Information

    Standard status
    Active
    Size
    26,758 SF
    Lot size
    5.35 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1111-1113 W Olive Ave Contact us

    We can help!

    Listing Contact
    Nick Frechou
    Nick Frechou

    Listing agent Nick Frechou License #CA 01887999

    Listing office Retail California Commercial Real Estate

    Listing date Sep 13, 2024

    Source Moodyscre

    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 Retail California Commercial Real Estate

    HighLights

    • High traffic location with 71,837± cars per day at the intersection of Olive and R St.
    • Large space: 26,758± SF available for lease.
    • Former 99 Cents Only store.
    • Located at 1111 W Olive Avenue in Merced, CA.

    Overview

    The subject property available for lease is a 26,758 square foot former 99 Cents Only store located at 1111 W Olive Avenue in Merced, California. The location experiences an average of approximately 71,837 cars per day at the intersection of Olive Avenue and R Street.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.488
    Latitude
    37.3202

    Nearby Similar for Lease

    • Contact for pricing
      870 SF

      Downtown Merced Office Suite

      Charming 870 sqft office suite in downtown Merced.
      470 W Main St 13, Merced, CA 95340
      View Details
    • Contact for pricing
      6,000 SF

      Flexible Warehouse Spaces Near Highway 99

      Two 6,000 SF warehouse spaces near Downtown Merced.
      1507 W 18th St, Merced, CA 95340
      View Details
    • $24 SF/Yr
      15,000 SF

      Merced Retail Space Near Mall

      Flexible retail space near Merced Mall and universities.
      900 Loughborough, Merced, CA 95348
      View Details
    • $3,000/Mo

      Merced Retail Space For Rent

      Retail space available for rent in Merced, California.
      855 W 15th Street, Merced, CA 95340
      View Details
    • Contact for pricing
      4,950 SF

      Professional Office Space in Merced

      Versatile office suites in established El Portal Professional Plaza.
      3305 G, Merced, CA 95340
      View Details
    • Contact for pricing
      7,000 SF

      Freestanding Building Along Highway 99

      Highly visible commercial building with high-volume food service infrastructure.
      2000 E Childs, Merced, CA 95341
      View Details
    • $5,000/Mo

      Merced Commercial Space For Rent

      Commercial space available for rent in Merced, California.
      1505 W 18th Street, Merced, CA 95340
      View Details
    • Contact for pricing
      550 SF

      Merced Office Suite For Lease

      Two-story office building with suite available for lease.
      1022 West 18th St, Merced, CA 95340
      View Details
    • Contact for pricing
      4,000 SF

      Merced Office Space For Rent

      4,000 SF office space available for lease in Merced.
      855 W 15th St, Merced, CA 95340
      View Details
    • $1.00 SF/Yr

      Retail Space Near Merced Mall

      Retail space available adjacent to Merced Mall with access.
      645 Fairfield Drive, Merced, CA 95348
      View Details
    • Contact for pricing
      1,667 SF

      Functional Office Space Available

      Well-appointed commercial office space with a functional, professional layout.
      838 W 19th, Merced, CA 95341
      View Details
    • $1,500/Mo
      610 SF

      Turn-Key Patio Food Trailer Space

      Prime downtown Merced patio and food trailer space for sublease.
      560 W 18th Street #B, Merced, CA 95340
      View Details

    FAQs

    What type of property is this?
    Retail space - 26,758 SF retail space in Merced, California for lease.
    Where is this retail space located?
    The property is located at 1111-1113 W Olive Ave Merced, CA.
    What are key features of this property?
    This property features: High traffic location with 71,837± cars per day at the intersection of Olive and R St.; Large space: **26,758± SF available for lease.**; Former 99 Cents Only store.
    (559) 447-6266 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Frechou
    Nick Frechou
    Real Estate License ID: CA 01887999
    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

    Thank You for Inquiry
    1111-1113 W Olive Ave, Merced, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!