Steel Warehouse with Dock
For Sale
$4,250,000
Pending
2050 Wardrobe Avenue, Merced, CA 95341
Steel warehouse on 4.9 acres with 16-foot ceilings, three-phase power, and multiple roll-up doors.
Property Size60,000 SF
Lot Size4.90 Acres
Days on Market193
Property Features for 2050 Wardrobe Avenue
General Information
Standard status
Pending
Size
60,000 SF
Lot size
4.90 Acres
Property subtype
Commercial/Industrial
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
1
Drive-In Doors
4
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Listing Agency:
CB Commercial, Select Real Estate
(209) 725-7253
Listed By:
Loren Gonella · License #00575211
(209) 761-3087
Source:
Exitrealty
Added: Apr 11
Changed: Sep 14
Last Checked: Sep 15 at 4:58AM
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 CB Commercial, Select Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Steel warehouse building on 4.9 acres featuring 16-foot ceilings, three-phase power, and an upgraded electrical system throughout. The facility includes four roll-up doors and one truck dock, with a fenced lot and ample off-street parking. Interior amenities include approximately 20,000 square feet of office space and ample bathrooms to support day-to-day operations.
The property is offered for sale and includes both warehouse and office components within the same structure, providing a combined workspace and administrative area. With dock access, multiple loading doors, and substantial fenced outdoor space, the layout is suited for a range of industrial warehousing and distribution uses.
The building’s key functional features include dock access, office space, parking, and a fenced yard, supported by three-phase power and multiple roll-up doors.
The property is offered for sale and includes both warehouse and office components within the same structure, providing a combined workspace and administrative area. With dock access, multiple loading doors, and substantial fenced outdoor space, the layout is suited for a range of industrial warehousing and distribution uses.
The building’s key functional features include dock access, office space, parking, and a fenced yard, supported by three-phase power and multiple roll-up doors.
Key Highlights
- Steel warehouse on 4.9 acres with 16‑foot ceilings
- Three‑phase power and an upgraded electrical system throughout
- Warehouse includes four roll‑up doors plus a truck dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$389,874
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,797,480
$7.8M
Cap Rate 7%
$5,569,629
$5.6M
Cap Rate 9%
$4,331,933
$4.3M
Market Conditions
NOI Build-Up for 60,000 SF
Gross rent
$597.6K $9.96/SF
− Vacancy
−$40.6K −$0.68/SF
EGI
$557.0K $9.28/SF
− OpEx
−$167.1K −$2.78/SF
NOI
$389.9K $6.50/SF
Area
Merced County, CA
Vacancy
6.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,797,480
Cap Rate 7%
$5,569,629
Cap Rate 9%
$4,331,933
Alternative Uses
Best Use
Flex RnD
$10.18M
$8.91M – $11.88M
NOI $712,858 @ 7.0% cap · market cap 16.77%
Second Best
Warehouse
$6.38M
$5.58M – $7.44M
NOI $446,252 @ 7.0% cap · market cap 10.50%
Theoretical Best
Healthcare Medical
$13.24M
$11.58M – $15.44M
NOI $926,640 @ 7.0% cap · market cap 21.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
4
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95341, CA
33,194
Population
9,331
Households
3.6
Avg Household Size
29
Median Age
8%
College-Educated
63%
High-School Grad
146.8 sq mi
ZIP Area
226
Density / Sq Mi
$55,516
Median Household Income
$32,184
Median Earnings
$1,172
Median Rent
$295,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Steel warehouse on 4.9 acres with 16-foot ceilings, three-phase power, and multiple roll-up doors.
Where is this flex space located?
The property is located at 2050 Wardrobe Avenue Merced, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Steel warehouse on 4.9 acres with 16‑foot ceilings; Three‑phase power and an upgraded electrical system throughout; Warehouse includes four roll‑up doors plus a truck dock
