Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2051 Wardrobe Ave Merced, CA 95341

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Land available in Merced, California.

    Lot size:
    5.00 Acres

    Property Features for 2051 Wardrobe Ave

    General Information

    Lot size
    5.00 Acres
    Source: Elliman

    Listing Agent: Ranjeet Singh

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

    Overview

    Merced Land For Sale

    This land is available for sale in Merced, California. The list price is $1,200,000.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.5135744
    Latitude
    37.2965338

    Nearby Similar for Sale

    • $2,400,000
      6,665 SF

      New 10-Unit Apartment Complex

      New 10-unit apartment complex in Merced, CA.
      40 W 13Th St, Merced, CA 95341
      View Details
    • $820,000
      0.41 Acres

      Commercial Land with Business Opportunities

      Commercial zoned land in Gustine with multiple income streams.
      726 Ave South, Merced, CA 95322
      View Details
    • $725,000
      4,000 SF

      Versatile Commercial Building in Merced

      4,000 sq ft commercial building ideal for medical or office.
      517 W 23Rd St, Merced, CA 95340
      View Details
    • $599,950
      18,000 SF

      Versatile Commercial Building in Merced

      Adaptable building suitable for church, medical, or office use.
      912 Main St, Merced, CA 95340
      View Details
    • $39,000,000
      140,316 SF

      New 128-Unit Apartment Complex

      Brand new apartment complex in Merced, California, with modern amenities.
      3700 Horizons Ave, Merced, CA 95348
      View Details
    • $8,988,000
      52,704 SF

      Willow Glen Townhouse Apartments

      Well-maintained apartment complex with recent renovations in a strong market.
      2157 Yosemite Pkwy, Merced, CA 95340
      View Details
    • $1,199,000
      7,500 SF

      Approved Gas Station Development Site

      Shovel-ready gas station site near Highway 99 and UC Merced.
      G St, Merced, CA 95341
      View Details
    • $1,200,000

      Downtown Merced Multi-Use Portfolio

      Multi-use professional portfolio in the heart of downtown Merced.
      411 W 20Th St, Merced, CA 95340
      View Details
    • $575,000
      1,974 SF

      Medical/Professional Office Near Mercy Medical

      Well-maintained 1,900 sq ft office space near Mercy Medical Center.
      410 E Yosemite Ave, Merced, CA 95340
      View Details
    • $1,000,000

      Six Homes on One APN

      Six 2-bedroom homes with yards and garages on one APN.
      1037 W Santa Fe Ave, Merced, CA 95340
      View Details
    • $6,440,000

      Merced Almond Orchard Investment Opportunity

      161 acres of almond orchard near UC Merced.
      59 Hwy, Merced, CA 95340
      View Details
    • $500,000

      Triplex with Garages and Yards

      Three 2-bedroom homes, each with yard and garage.
      1045 W Santa Fe Ave, Merced, CA 95340
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Merced, California.
    Where is this land located?
    The property is located at 2051 Wardrobe Ave Merced, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - No selling points could be extracted from the provided information.
    (209) 261-6164
    Request Owner's contact information
    2051 Wardrobe Ave Merced, CA 95341
    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.
    2051 Wardrobe Ave
    Merced, CA 95341
    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.

    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
    2051 Wardrobe Ave Merced, CA 95341
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.