Turn-Key Medical Building For
For Sale
$850,000
2800 Park Avenue A, Merced, CA 95348
Centrally located medical building suitable for various office types.
Property Size2,186 SF
Price / SF$388.84
Days on Market218
Property Features for 2800 Park Avenue A
General Information
Standard status
Active
Size
2,186 SF
Listing Agency:
Valencia Real Estate Group
Listed By:
Esther Valencia · License #01522963
(209) 358-7450
Source:
Myfabuloushome
Added: Mar 11
Changed: Oct 11
Last Checked: Oct 7 at 3:35PM
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 Valencia Real Estate Group
Investment Insights
Based on property information with market context.
This centrally located building, previously used as a medical office, is versatile enough to accommodate various office types. With some modifications, it could also be used as a dental office. The upstairs loft offers versatility and can be used for extra storage or a staff breakroom. The property features two waiting rooms, a receptionist area, three bathrooms, four exam rooms, an upstairs loft, and a small breakroom. There is ample parking available.
Key Highlights
- Centrally located for easy access.
- Turn‑key medical building ready for immediate occupancy.
- Versatile for various office types (medical, general, dental with modifications).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,761
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,220
$675.2K
Cap Rate 7%
$482,300
$482.3K
Cap Rate 9%
$375,122
$375.1K
Market Conditions
NOI Build-Up for 2,186 SF
Gross rent
$65.6K $30.00/SF
− Vacancy
−$9.3K −$4.26/SF
EGI
$56.3K $25.74/SF
− OpEx
−$22.5K −$10.30/SF
NOI
$33.8K $15.44/SF
Area
Merced County, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,220
Cap Rate 7%
$482,300
Cap Rate 9%
$375,122
Alternative Uses
Best Use
Healthcare Medical
$482.3K
$422.0K – $562.7K
NOI $33,761 @ 7.0% cap · market cap 3.97%
Second Best
Office B
$58.8K
$51.4K – $68.6K
NOI $4,113 @ 7.0% cap · market cap 0.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95348, CA
35,066
Population
12,173
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
59.0 sq mi
ZIP Area
594
Density / Sq Mi
$63,618
Median Household Income
$40,171
Median Earnings
$1,498
Median Rent
$352,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Centrally located medical building suitable for various office types.
Where is this medical office space located?
The property is located at 2800 Park Avenue A Merced, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Centrally located for easy access.; Turn‑key medical building ready for immediate occupancy.; Versatile for various office types (medical, general, dental with modifications).
