Retail/Service Flex
1029 Martin Luther King Jr Way Merced, CA 95341
New
For Sale
$1,350,000
Freestanding retail showroom and fully equipped service shop with office, waiting area, and secured fenced yard.
Property Size7,000 SF
Lot Size0.63 Acres
Price / SF$192.86
Days on Market5
Property Features for 1029 Martin Luther King Jr Way
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.63 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing Agency:
Del Real Commercial Real Estate
(209) 285-9912
Listed By:
Dan Del Real · License #02235682
(209) 285-9912
Source:
Elliman
Added: Jul 19
Changed: Jul 20
Last Checked: Jul 23 at 11:55AM
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 Del Real Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding retail/industrial-flex building offers approximately 7,000 SF of combined showroom and service functionality, built in 1990 and comprehensively renovated beginning in 2020. The showroom includes a remodel with new laminate flooring and an open industrial ceiling. The service shop is fully upgraded with new insulation, epoxy-coated floors, LED lighting, custom cabinets and workstations, and two installed car lifts. Additional improvements include office space and a customer waiting area, along with a fenced, secured yard featuring two on-site storage sheds.
The property sits on a 0.63-acre lot with 87 feet of frontage and a single curb cut for access. The site provides 20 surface parking spaces. Exterior security features include a black coated chain-link fence, security lighting, and camera coverage. A programmable LED sign totaling approximately $45,000 was installed as part of the 2020 work.
Zoned C-G (Commercial General), the current owner-occupied use is an automotive audio, air conditioning, security, and remote-start installation business, and it is stated as a fully conforming use under the C-G designation.
The property sits on a 0.63-acre lot with 87 feet of frontage and a single curb cut for access. The site provides 20 surface parking spaces. Exterior security features include a black coated chain-link fence, security lighting, and camera coverage. A programmable LED sign totaling approximately $45,000 was installed as part of the 2020 work.
Zoned C-G (Commercial General), the current owner-occupied use is an automotive audio, air conditioning, security, and remote-start installation business, and it is stated as a fully conforming use under the C-G designation.
Key Highlights
- ±7,000 SF freestanding retail/industrial‑flex building on a 0.63‑acre (27,443 SF) lot in Merced, CA
- Built in 1990 with comprehensive renovations beginning in 2020, including showroom remodel and full shop system upgrades
- Fully equipped service shop with epoxy‑coated floors, LED lighting, custom cabinets/workstations, and two installed car lifts
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 | $134.4k | $19.20 |
| − Vacancy | −$6.5k | −$0.92 |
| EGI | $127.9k | $18.28 |
| − OpEx | −$44.8k | −$6.40 |
| NOI | $83.2k | $11.88 |
7,000 SF · lease $19.20/SF/yr · vacancy 4.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,167 @ 7.0% cap · market cap 6.16%
Second Best
Industrial
$649.8K
$568.6K – $758.1K
NOI $45,485 @ 7.0% cap · market cap 3.37%
Theoretical Best
Healthcare Medical
$1.54M
$1.35M – $1.80M
NOI $108,108 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Montana Capital Car ...
Loan Service
Car Plus
Auto Parts Store
Low Cost Interlock
Building Supply
Similar Off Market Nearby
- DIVA DOGS Hot Dogs & Catering — 1055 W 15th St, Merced, CA 95340
FAQs
What type of property is this?
Flex space - Freestanding retail showroom and fully equipped service shop with office, waiting area, and secured fenced yard.
Where is this flex space located?
The property is located at 1029 Martin Luther King Jr Way Merced, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: ±7,000 SF freestanding retail/industrial‑flex building on a 0.63‑acre (27,443 SF) lot in Merced, CA; Built in 1990 with comprehensive renovations beginning in 2020, including showroom remodel and full shop system upgrades; Fully equipped service shop with epoxy‑coated floors, LED lighting, custom cabinets/workstations, and two installed car lifts
