High-Visibility Corner Retail
For Sale
$650,000
1346 W Main Street, Merced, CA 95340
Corner commercial building with strong street frontage and ample parking for flexible retail or redevelopment options.
Property Size13,397 SF
Price / SF$48.52
Days on Market75
Property Features for 1346 W Main Street
General Information
Standard status
Active
Size
13,397 SF
Property subtype
Commercial/Industrial
Zoning
C-G
Listing Agency:
SVN Executive Commercial Advisors
(209) 765-3767
Listed By:
Randy Hayer · License #01251542
(209) 765-3767
Source:
Exitrealty
Added: Jun 11
Changed: Aug 23
Last Checked: Aug 23 at 2:56AM
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 SVN Executive Commercial Advisors
Investment Insights
Based on property information with market context.
This property features a substantial retail building with a versatile interior layout and strong visual presence along a primary business corridor. It includes a corner position, spacious interior areas, and ample parking on-site, supporting customer access and a range of potential commercial configurations (subject to city approval). The building totals 13,397 SF and is located on a larger lot suited to future redevelopment planning.
The asset is situated on W Main St in Merced with excellent street frontage and strong traffic exposure. The location provides convenient access to major thoroughfares, with proximity described to Downtown Merced and Highway 99 for connectivity to customers, employees, and vendors.
From a tenant or owner-user standpoint, the combination of high visibility, corner presence, and ample parking can support retail operations that benefit from walk-in or drive-by exposure. For buyers and developers, the existing retail-oriented configuration and C-G zoning provide a practical starting point for exploring permitted uses and potential re-tenanting or redevelopment with city approval.
The asset is situated on W Main St in Merced with excellent street frontage and strong traffic exposure. The location provides convenient access to major thoroughfares, with proximity described to Downtown Merced and Highway 99 for connectivity to customers, employees, and vendors.
From a tenant or owner-user standpoint, the combination of high visibility, corner presence, and ample parking can support retail operations that benefit from walk-in or drive-by exposure. For buyers and developers, the existing retail-oriented configuration and C-G zoning provide a practical starting point for exploring permitted uses and potential re-tenanting or redevelopment with city approval.
Key Highlights
- 13,397 SF commercial building on Main Street with strong street frontage and high visibility
- Corner presence with existing parking and substantial lot area for commercial use or redevelopment (subject to city approval)
- Zoned C‑G
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,416
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$548,320
$548.3K
Cap Rate 7%
$391,657
$391.7K
Cap Rate 9%
$304,622
$304.6K
Market Conditions
NOI Build-Up for 13,397 SF
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.
Gross rent
$41.8K $3.12/SF
− Vacancy
−$2.6K −$0.20/SF
EGI
$39.2K $2.92/SF
− OpEx
−$11.7K −$0.88/SF
NOI
$27.4K $2.05/SF
Area
Merced County, CA
Vacancy
6.30%
Lease Rate
$3.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$548,320
Cap Rate 7%
$391,657
Cap Rate 9%
$304,622
Alternative Uses
Best Use
Retail
$391.7K
$342.7K – $456.9K
NOI $27,416 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.96M
$2.59M – $3.45M
NOI $206,903 @ 7.0% cap · market cap 31.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Explore this area
Business Placement
Demographics for 95340, CA
38,606
Population
13,553
Households
2.8
Avg Household Size
33
Median Age
26%
College-Educated
86%
High-School Grad
52.0 sq mi
ZIP Area
742
Density / Sq Mi
$65,141
Median Household Income
$35,165
Median Earnings
$1,204
Median Rent
$383,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corner commercial building with strong street frontage and ample parking for flexible retail or redevelopment options.
Where is this retail space located?
The property is located at 1346 W Main Street Merced, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 13,397 SF commercial building on Main Street with strong street frontage and high visibility; Corner presence with existing parking and substantial lot area for commercial use or redevelopment (subject to city approval); Zoned C‑G
