Mixed-Use Building with Retail
For Sale
$1,000,000
1733 Canal Street, Merced, CA 95340
Three street-level storefronts sit below upper-floor office space, with one retail suite currently vacant.
Property Size12,660 SF
Price / SF$78.99
Days on Market142
Property Features for 1733 Canal Street
General Information
Standard status
Active
Size
12,660 SF
Property subtype
Commercial
Zoning
C-C
Property Condition
Severity
Repairs Needed
Evidence
would benefit from renovations or upgrades
Additional Details
Mixed-Use Components
retail, office
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
12,660 SF
Year Built
1912
Buildings
1
Tenancy
Multi
Listing Agency:
Elite Realty Services
Listed By:
Hamid Abtahi · License #01071456
(408) 253-5100
Source:
Equityfirstre
Added: Jun 8
Changed: Oct 26
Last Checked: Oct 26 at 3:35AM
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 Elite Realty Services
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Investment Insights
Based on property information with market context.
Built in 1912, this mixed-use property contains 12,660 square feet and is zoned C-C. The ground level is divided into three retail spaces; two are leased, while the third is vacant. Office space occupies the upper floor and will require renovation or upgrades. A full basement is also part of the building.
At 1733 Canal Street in Merced, the property is near City Hall, the local college and the El Capitan Hotel.
At 1733 Canal Street in Merced, the property is near City Hall, the local college and the El Capitan Hotel.
Key Highlights
- 12,660‑square‑foot mixed‑use property built in 1912
- Three ground‑floor retail spaces; two are leased and one is vacant
- Upper‑level office area requires renovation or upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,968
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,360
$1.8M
Cap Rate 7%
$1,270,971
$1.3M
Cap Rate 9%
$988,533
$988.5K
Market Conditions
NOI Build-Up for 12,660 SF
Gross rent
$151.9K $12.00/SF
− Vacancy
−$9.6K −$0.76/SF
EGI
$142.3K $11.24/SF
− OpEx
−$53.4K −$4.22/SF
NOI
$89.0K $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%
$1,779,360
Cap Rate 7%
$1,270,971
Cap Rate 9%
$988,533
Alternative Uses
Best Use
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,968 @ 7.0% cap · market cap 8.90%
Second Best
Retail
$370.1K
$323.9K – $431.8K
NOI $25,908 @ 7.0% cap · market cap 2.59%
Theoretical Best
Healthcare Medical
$2.79M
$2.44M – $3.26M
NOI $195,521 @ 7.0% cap · market cap 19.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,957
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three street-level storefronts sit below upper-floor office space, with one retail suite currently vacant.
Where is this mixed-use property located?
The property is located at 1733 Canal Street Merced, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 12,660‑square‑foot mixed‑use property built in 1912; Three ground‑floor retail spaces; two are leased and one is vacant; Upper‑level office area requires renovation or upgrades
