Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2051 Wardrobe Ave Merced, CA 95341

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Prime industrial-zoned parcel near airport and major transportation routes.

    Property Features for 2051 Wardrobe Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Ranjeet Singh
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS PROPERTY TEAM Listing Agent: Ranjeet Singh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    5-Acre Industrial Lot For Sale

    This is a 5-acre industrial-zoned parcel. It is located within minutes of the airport and major transportation routes. The property is situated in a rapidly expanding industrial corridor, offering accessibility and visibility for logistics, manufacturing, or warehouse operations. The site lies within a federally designated Opportunity Zone, providing potential tax incentives for qualified investors and developers. The property is surrounded by active industrial and commercial developments. The land is level and ready for development. Industrial zoning allows for a wide range of uses. The property has excellent proximity to the airport, highways, and rail. It is located in a thriving industrial hub with strong surrounding infrastructure and available utilities. It is ideal for logistics centers, distribution facilities, light manufacturing, mini storage or investment/development.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.5135744
    Latitude
    37.2965338

    Nearby Similar for Sale

    • $2,400,000
      6,665 SF

      New 10-Unit Apartment Complex

      New 10-unit apartment complex in Merced, CA.
      40 W 13Th St, Merced, CA 95341
      View Details
    • $850,000

      Downtown Merced Professional Office Building

      Professional office building in Merced's downtown renovation area.
      635 W Main St, Merced, CA 95340
      View Details
    • $450,000

      Downtown Merced Investment Opportunity

      2,800 SF commercial building in prime downtown location.
      1626 Martin Luther King Jr Way, Merced, CA 95340
      View Details
    • $350,000

      Downtown Merced Commercial Building

      Retail and warehouse space in downtown Merced for sale.
      47 W Main St, Merced, CA 95340
      View Details
    • $1,175,000
      4,100 SF

      Merced Office Suites For Sale

      Office suites in North Merced, ideal for medical office.
      436 E Yosemite Ave, Merced, CA 95340
      View Details
    • $850,000

      Turn-Key Medical Building For Sale

      Centrally located medical building, versatile for various office types.
      2800 Park Ave, Merced, CA 95348
      View Details
    • $1,175,000

      Merced Office Suites For Sale

      Two office suites in North Merced, ideal for medical office.
      436 E Yosemite Ave, Merced, CA 95340
      View Details
    • $860,000

      Flexible Industrial Space For Sale

      4,975 SF industrial space with warehouse and office components.
      127 Heron Way, Merced, CA 95341
      View Details
    • $775,000
      4,000 SF

      Turnkey Commercial Building in Merced

      4,000 Sq.Ft. commercial building with parking in downtown Merced.
      1017 W 18Th St, Merced, CA 95340
      View Details
    • $165,000

      Professional Office Condo in Merced

      Well-designed office condo with excellent visibility and accessibility.
      840 W Olive Ave, Merced, CA 95348
      View Details
    • $150,000

      Modern Coffee Shop in Merced

      Turnkey coffee shop for sale near UC Merced.
      3560 G St, Merced, CA 95340
      View Details
    • $2,000,000

      Income-Generating Motel Near UC Merced

      22-room motel with consistent cash flow and upside potential.
      1407 W 16Th St, Merced, CA 95340
      View Details

    FAQs

    What type of property is this?
    Industrial land - Prime industrial-zoned parcel near airport and major transportation routes.
    Where is this industrial land located?
    The property is located at 2051 Wardrobe Ave Merced, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime 5-acre industrial-zoned parcel near airport and major transportation routes.; - Located in a federally designated Opportunity Zone, providing potential tax incentives.; - Industrial zoning allows for a wide range of uses (logistics, manufacturing, warehouse, mini storage).
    (209) 500-4663
    Request Owner's contact information
    2051 Wardrobe Ave Merced, CA 95341
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2051 Wardrobe Ave
    Merced, CA 95341
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2051 Wardrobe Ave Merced, CA 95341
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ranjeet Singh
    Real Estate License ID: 01351073
    (209) 500-4663 (209) 261-6164
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!