Flex Space with Roll-Up
For Sale
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2170 Wardrobe Avenue, Merced, CA 95341
Divisible industrial facility includes skylights, restrooms, and compressed air distribution for multiple operational layouts.
Property Size27,180 SF
Price / SF$80.76
Days on Market101
Property Features for 2170 Wardrobe Avenue
General Information
Standard status
Active
Size
27,180 SF
Property subtype
Industrial
Lease Type
NNN
Building Details
Year Built
1976
Listing Agency:
PMZ Commercial
Listed By:
Randy High · License #01238404
Source:
Crexi
Added: Jul 9
Changed: Oct 1
Last Checked: Oct 16 at 8:41AM
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 PMZ Commercial
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Investment Insights
Based on property information with market context.
Located at 2170 Wardrobe Avenue in Merced, this 27,180-square-foot flex space was built in 1976 and can be divided into multiple areas. The facility includes several roll-up doors, restrooms, compressed air distribution, and skylights that bring natural light into the building. Its configuration supports warehousing, manufacturing, and logistics operations.
The property is positioned near major highways and UC Merced within Merced’s Central Valley commercial setting. The combination of divisible space, loading access through roll-up doors, and existing operational features provides a flexible base for industrial users requiring varied layouts and functional building infrastructure.
The property is positioned near major highways and UC Merced within Merced’s Central Valley commercial setting. The combination of divisible space, loading access through roll-up doors, and existing operational features provides a flexible base for industrial users requiring varied layouts and functional building infrastructure.
Key Highlights
- 27,180 SF flex space built in 1976
- Divisible layout supports multiple operating areas
- Multiple roll‑up doors provide loading access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,613
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,532,260
$3.5M
Cap Rate 7%
$2,523,043
$2.5M
Cap Rate 9%
$1,962,367
$2.0M
Market Conditions
NOI Build-Up for 27,180 SF
Gross rent
$270.7K $9.96/SF
− Vacancy
−$18.4K −$0.68/SF
EGI
$252.3K $9.28/SF
− OpEx
−$75.7K −$2.78/SF
NOI
$176.6K $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%
$3,532,260
Cap Rate 7%
$2,523,043
Cap Rate 9%
$1,962,367
Alternative Uses
Best Use
Flex RnD
$4.61M
$4.04M – $5.38M
NOI $322,924 @ 7.0% cap · market cap 14.71%
Second Best
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,152 @ 7.0% cap · market cap 9.21%
Theoretical Best
Healthcare Medical
$6.00M
$5.25M – $7.00M
NOI $419,768 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Balanced
Demand for This Use
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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
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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?
Flex space - Divisible industrial facility includes skylights, restrooms, and compressed air distribution for multiple operational layouts.
Where is this flex space located?
The property is located at 2170 Wardrobe Avenue Merced, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 27,180 SF flex space built in 1976; Divisible layout supports multiple operating areas; Multiple roll‑up doors provide loading access
