Add Listing
    For Lease
    • 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

    Grogan Avenue Merced, CA 95341

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,875/Mo $9 SF/Yr (calc)

    2,500 SF insulated shop space with vehicle access.

    Property size:
    2,500 SF
    Lot size:
    2.03 Acres
    Added:
    Apr 22, 2025
    Days on Market:
    366
    Last Refresh:
    Mar 16 at 9:36 am

    Property Features for Grogan Avenue

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    2.03 Acres

    Building Details

    Year Built
    1993

    We can help!

    Listing Contact
    STEVE TINETTI
    STEVE TINETTI

    Listing agent STEVE TINETTI License #00475070

    Listing office TINETTI REALTY GROUP

    Listing date Apr 22, 2025

    Source Corcoran

    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 TINETTI REALTY GROUP

    Overview

    Merced Airport Industrial Park Shop

    This 2,500 square foot shop space is fully insulated and sprinklered, featuring a roll-up door for vehicle and equipment access. The space includes a small office and an ADA-compliant restroom. Heating is provided by a natural gas-fired space heater, and cooling is achieved through evaporative cooling. The property is located within a fenced yard area and includes some shared covered parking. The owner prefers a lease term of 3 to 5 years, but is open to negotiation. Situated in the Merced Airport Industrial Park, the property is in close proximity to the Airport Terminal. The zoning is I-L (Light Industrial). An additional 1,500 square foot space may become available soon.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.517
    Latitude
    37.2928

    Nearby Similar for Lease

    • $24/mo

      Merced Retail Space Near Mall

      Flexible retail space near Merced Mall and universities.
      900 Loughborough, Merced, CA 95348
      View Details
    • Contact for pricing

      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

      Professional Office Space in Merced

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

      Merced Commercial Space For Rent

      Commercial space available for rent in Merced, California.
      1505 W 18th Street, Merced, CA 95340
      View Details
    • $1.00/mo

      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

      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
    • Contact for pricing

      Partially Furnished Office Space Available

      Partially furnished office space with freeway visibility and quick access.
      1525 W 14th Street, Merced, CA 95340
      View Details
    • $23/mo

      Modern Office Suites Available

      Professional office suites for lease with flexible configurations.
      North G Street, Merced, CA 95340
      View Details
    • $30/mo

      Merced Office Building For Lease

      Professional office building in North Merced with flexible workspace.
      M Street, Merced, CA 95348
      View Details
    • $36,358/mo

      Merced Industrial Building with Canopy

      70,902 SF industrial building with covered truck docks.
      2777 N Hwy 59 #C, Merced, CA 95348
      View Details
    • Contact for pricing

      Neighborhood Center Retail Space Available

      Retail space in a neighborhood center anchored by In-Shape Fitness.
      2931-2991 G Street, Merced, CA, 95340
      View Details
    • $21/mo

      Retail Outparcel Near Merced Mall

      Strategic retail location near Merced Mall with redevelopment potential.
      Fairfield Drive, Merced, CA 95348
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,500 SF insulated shop space with vehicle access.
    Where is this flex space located?
    The property is located at Grogan Avenue Merced, CA.
    What is the lease rate?
    The lease rate is $1,875 /Mo.
    What are key features of this property?
    This property features: 2,500 SF of fully insulated and sprinklered shop space.; Roll‑up door for vehicle and equipment access.; Located in the Merced Airport Industrial Park, close to the Airport Terminal.
    Edit or Promote this Listing
    Or you can promote this listing later in your account
    We can help!
    Listing Contact
    STEVE TINETTI
    STEVE TINETTI
    Real Estate License ID: 00475070
    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!