Versatile Commercial Building on Atwater
For Sale
$849,000
2579 Atwater Boulevard, Atwater, CA 95301
Commercial building with shop area, bay doors, and income potential.
Property Size4,996 SF
Lot Size0.41 Acres
Price / SF$169.94
Days on Market413
Property Features for 2579 Atwater Boulevard
General Information
Standard status
Active
Size
4,996 SF
Lot size
0.41 Acres
Property subtype
Commercial
Listing Agency:
SVN EXECUTIVE COMMERCIAL ADVISORS
(209) 385-8500
Listed By:
RANDY HAYER · License #01251542
(209) 765-3767
Source:
Corcoran
Added: Sep 4, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:44AM
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 SVN EXECUTIVE COMMERCIAL ADVISORS
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Investment Insights
Based on property information with market context.
This commercial building is situated on a 17,781 sq ft lot, offering visibility and accessibility. The property includes a front reception area with a separate entrance, a private office equipped with a kitchenette, laminated flooring, and a half bathroom. The shop area, designed for versatility, features three 14-foot bay doors, 16-foot clear height ceilings, and skylights in two bays, totaling approximately 4,996 sq ft. The property has 10 on-site parking spaces, plus side parking. One bay is currently leased month-to-month at $1,500 per month, providing income potential. A side double gate entrance provides access to the rear yard and an approximately 1,500 sq ft right-side area with separate gas meters. Its location on Atwater Boulevard ensures access to surrounding businesses, freeways, and community services.
Key Highlights
- Prime Commercial Building on a large 17,781 sq. ft. lot with excellent visibility on Atwater Blvd.
- Versatile shop area with three 14‑foot bay doors, 16‑foot clear height ceilings, and skylights (approx. 4,996 sq. ft.).
- Income potential from one bay currently leased at $1,500/month.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,357
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,140
$1.2M
Cap Rate 7%
$847,957
$848.0K
Cap Rate 9%
$659,522
$659.5K
Market Conditions
NOI Build-Up for 4,996 SF
Gross rent
$95.9K $19.20/SF
− Vacancy
−$4.6K −$0.92/SF
EGI
$91.3K $18.28/SF
− OpEx
−$32.0K −$6.40/SF
NOI
$59.4K $11.88/SF
Area
Merced County, CA
Vacancy
4.80%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,140
Cap Rate 7%
$847,957
Cap Rate 9%
$659,522
Alternative Uses
Best Use
Flex RnD
$848.0K
$742.0K – $989.3K
NOI $59,357 @ 7.0% cap · market cap 6.99%
Second Best
Industrial
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 3.82%
Theoretical Best
Healthcare Medical
$1.10M
$964.5K – $1.29M
NOI $77,158 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95301, CA
40,886
Population
13,250
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
74%
High-School Grad
76.1 sq mi
ZIP Area
537
Density / Sq Mi
$66,669
Median Household Income
$40,101
Median Earnings
$1,215
Median Rent
$367,800
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 - Commercial building with shop area, bay doors, and income potential.
Where is this flex space located?
The property is located at 2579 Atwater Boulevard Atwater, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Prime Commercial Building on a large 17,781 sq. ft. lot with excellent visibility on Atwater Blvd.; Versatile shop area with three 14‑foot bay doors, 16‑foot clear height ceilings, and skylights (approx. 4,996 sq. ft.).; Income potential from one bay currently leased at $1,500/month.
