Versatile Building in Prime
912 Main Street Merced, CA 95340
For Sale
$599,950
Pending
Adaptable building suitable for church, medical, or office use.
Property Size18,000 SF
Lot Size0.69 Acres
Days on Market622
Property Features for 912 Main Street
General Information
Standard status
Pending
Size
18,000 SF
Lot size
0.69 Acres
Property subtype
Commercial
Listing Agency:
NEXT DOOR REAL ESTATE
(209) 383-6475
Listed By:
CONCHITA SWIGGART · License #01221716
Source:
Corcoran
Added: Nov 12, 2024
Changed: Jul 6
Last Checked: Jul 23 at 9:02AM
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 NEXT DOOR REAL ESTATE
Investment Insights
Based on property information with market context.
This 18,000-square-foot property is located in a desirable area. Currently used as a church, the building was previously a medical clinic. The property's adaptable layout makes it suitable for various purposes, including religious facilities, medical office space, or general office use. Please note that the sale is subject to Department of Justice (DOJ) approval.
Key Highlights
- Great location
- Previously used as a medical clinic
- Currently used as a church
Financial Insights For Office B
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 | $56.2k | $3.12 |
| − Vacancy | −$11.0k | −$0.61 |
| EGI | $45.2k | $2.51 |
| − OpEx | −$11.3k | −$0.63 |
| NOI | $33.9k | $1.88 |
18,000 SF · lease $3.12/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$3.97M
$3.47M – $4.63M
NOI $277,992 @ 7.0% cap · market cap 46.34%
Second Best
Office B
$483.8K
$423.3K – $564.4K
NOI $33,864 @ 7.0% cap · market cap 5.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Church & religious facility - Adaptable building suitable for church, medical, or office use.
Where is this church & religious facility located?
The property is located at 912 Main Street Merced, CA.
What is the asking price?
The asking price for this property is $599,950.
What are key features of this property?
This property features: Great location; Previously used as a medical clinic; Currently used as a church
