Five-Parcel Mixed-Use Commercial
New
For Sale
$3,500,000
1616 Martin Luther King Jr, Merced, CA 95340
The assemblage includes retail and warehouse buildings, existing utility hookups, and month-to-month tenancy.
Property Size45,000 SF
Lot Size1.03 Acres
Price / SF$77.78
Days on Market7
Property Features for 1616 Martin Luther King Jr
General Information
Standard status
Active
Size
45,000 SF
Lot size
1.03 Acres
Property subtype
Commercial
Zoning
CC
Site & Location
Corner Location
Yes
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Warehouse Space
6,000 SF
Building Details
Building Size
45,000 SF
Buildings
2
Listing Agency:
Busy Bee Realty
7729863
Listed By:
Caprice Briski-Butzler
(209) 609-1974
Source:
Busybee
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 Busy Bee Realty
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Investment Insights
Based on property information with market context.
Five adjoining Central Commercial-zoned parcels form a 1.03-acre commercial assemblage in Merced. Improvements include a 2,500-square-foot retail building with restrooms, storage, and utility sinks, currently used in connection with food truck operations, and a 6,000-square-foot retail warehouse occupied by an antique and collectibles dealer. The food truck plaza occupies a 15,000-square-foot corner parcel. Utility hookups are in place, and tenants have month-to-month leases.
The property is within walking distance of downtown Merced and near Chick-fil-A, Starbucks, In-N-Out, Popeyes, and Taco Bell. Highway 99, UC Merced Downtown Campus Center, El Capitan Hotel, and the Mainzer Theatre are also identified nearby. The existing retail and warehouse improvements, along with flexible lease terms, are part of the property’s current configuration.
The property is within walking distance of downtown Merced and near Chick-fil-A, Starbucks, In-N-Out, Popeyes, and Taco Bell. Highway 99, UC Merced Downtown Campus Center, El Capitan Hotel, and the Mainzer Theatre are also identified nearby. The existing retail and warehouse improvements, along with flexible lease terms, are part of the property’s current configuration.
Key Highlights
- Five contiguous C‑C parcels totaling approximately 1.03 acres
- 15,000 SF hard‑corner parcel used as a food truck plaza
- 2,500 SF retail building with restrooms, storage, and utility sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$316,238
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,324,760
$6.3M
Cap Rate 7%
$4,517,686
$4.5M
Cap Rate 9%
$3,513,756
$3.5M
Market Conditions
NOI Build-Up for 45,000 SF
Gross rent
$540.0K $12.00/SF
− Vacancy
−$34.0K −$0.76/SF
EGI
$506.0K $11.24/SF
− OpEx
−$189.7K −$4.22/SF
NOI
$316.2K $7.03/SF
Area
Merced County, CA
Vacancy
6.30%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,324,760
Cap Rate 7%
$4,517,686
Cap Rate 9%
$3,513,756
Alternative Uses
Best Use
Warehouse
$4.78M
$4.18M – $5.58M
NOI $334,689 @ 7.0% cap · market cap 9.56%
Second Best
Mixed Use
$4.52M
$3.95M – $5.27M
NOI $316,238 @ 7.0% cap · market cap 9.04%
Theoretical Best
Healthcare Medical
$9.93M
$8.69M – $11.58M
NOI $694,980 @ 7.0% cap · market cap 19.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,046
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The assemblage includes retail and warehouse buildings, existing utility hookups, and month-to-month tenancy.
Where is this mixed-use property located?
The property is located at 1616 Martin Luther King Jr Merced, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Five contiguous C‑C parcels totaling approximately 1.03 acres; 15,000 SF hard‑corner parcel used as a food truck plaza; 2,500 SF retail building with restrooms, storage, and utility sinks
