Building Details

Year built 1912

Roof type Flat

Listing Agency: Elite Realty Services w***@eliterm.com Show Phone

Listed By: Hamid Abtahi · License #01071456 Show Phone

Added: Jun 8 Changed: Oct 21 Last Checked: Oct 21 at 3:06AM

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MLS# ML82049298

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Investment Insights

Based on property information with market context.

Built in 1912, this C-C-zoned mixed-use property contains 12,660 square feet on a 0.1554-acre lot. The ground floor is divided into three retail spaces: two are leased, while the third is vacant. Office space occupies the upper floor and may require renovation or upgrades. A full basement adds another level of building area. The property has electric heat, central air, a flat roof, public water, and public sewer.

At 1733 Canal Street in Merced, the building is near City Hall, a local college, and the El Capitan Hotel. Its configuration combines ground-floor retail with upper-level office space and basement area.

Key Highlights

• 12,660‑square‑foot building on a 0.1554‑acre lot
• Three ground‑floor retail spaces; two are leased and one is vacant
• Upper‑floor office space may require 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

Is this asking price fair?

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 (±1% cap)

NOI $88,968 @ 7.0% cap · market cap 8.90%

Second Best

Retail

$370.1K

$323.9K – $431.8K (±1% cap)

NOI $25,908 @ 7.0% cap · market cap 2.59%

Theoretical Best

Healthcare Medical

$2.79M

$2.44M – $3.26M (±1% cap)

NOI $195,521 @ 7.0% cap · market cap 19.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Modern Living Furniture & Home Goods Stephani Building Corporate Office

Suggested Use

Top Pick HVAC Service Real Estate Agency Big Box & Wholesale Store Storage Facility Building Supply Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three storefronts occupy the ground level, with office space above and a full basement below.

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 building on a 0.1554‑acre lot; Three ground‑floor retail spaces; two are leased and one is vacant; Upper‑floor office space may require renovation or upgrades