Add Listing
    For Lease
    • 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

    2931-2991 G Street Merced, CA 95340

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a neighborhood center anchored by In-Shape Fitness.

    Type:Retail
    Property size:
    1,200 SF
    Added:
    Nov 22, 2025
    Days on Market:
    140
    Last Refresh:
    Apr 5 at 8:06 pm

    Property Features for 2931-2991 G Street

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2931-2991 G Street Contact us

    We can help!

    Listing Contact
    Heath Kastner

    Listing agent Heath Kastner License #1301753

    Listing office CBRE | Sacramento

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Sacramento

    Overview

    Neighborhood Center Retail Space Available

    This neighborhood center offers retail spaces within a ±68,590 sq. ft. property. Located on G Street, a major arterial street through Merced, the property benefits from its location in a growing area. Merced is experiencing major growth due to the new UC Merced campus, which initially opened with more than 1,200 students and has plans to grow to 25,000. Major retailers in the area include Target, Costco, Home Depot, Safeway, Save Mart, and Lowes. The available spaces are part of a shopping center, shopping mall, and strip mall property, offering versatile options for retail businesses. The property size is 1200 sqft.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.47
    Latitude
    37.3135

    Nearby Similar for Lease

    • Contact for pricing

      Turn-Key Patio Food Trailer Space

      Prime downtown Merced patio and food trailer space for sublease.
      560 W 18th Street #B, Merced, CA 95340
      View Details
    • Contact for pricing

      Partially Furnished Office Space Available

      Partially furnished office space with freeway visibility and quick access.
      1525 W 14th Street, Merced, CA 95340
      View Details
    • $23/mo

      Modern Office Suites Available

      Professional office suites for lease with flexible configurations.
      North G Street, Merced, CA 95340
      View Details
    • $30/mo

      Merced Office Building For Lease

      Professional office building in North Merced with flexible workspace.
      M Street, Merced, CA 95348
      View Details
    • $36,358/mo

      Merced Industrial Building with Canopy

      70,902 SF industrial building with covered truck docks.
      2777 N Hwy 59 #C, Merced, CA 95348
      View Details
    • $21/mo

      Retail Outparcel Near Merced Mall

      Strategic retail location near Merced Mall with redevelopment potential.
      Fairfield Drive, Merced, CA 95348
      View Details
    • $21/mo

      Retail Outparcel Near Merced Mall

      Strategic retail location near Merced Mall with redevelopment potential.
      Fairfield Drive, Merced, CA 95348
      View Details
    • Contact for pricing

      Retail/Office Space Available

      Retail or office space available for rent.
      900 Loughborough Dr, Merced, CA 95348
      View Details
    • Contact for pricing

      Merced Airport Industrial Park Shop

      2,500 SF insulated shop space with vehicle access.
      Grogan Avenue, Merced, CA 95341
      View Details
    • $67,855/mo

      Warehouse Space with Refrigerated Boxes

      Large warehouse with refrigerated storage and solar power.
      Hwy. 59, Merced, CA 95348
      View Details
    • Contact for pricing

      Turn-Key Patio Food Trailer Space

      Sublease opportunity at Ravello’s Event Center in Downtown Merced.
      560 W 18th Street #B, Merced, CA 95340
      View Details
    • $5/mo

      Industrial Building Near Freeway 99

      Industrial building with easy access to Freeway 99.
      Olive Avenue, Merced, CA 95348
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space in a neighborhood center anchored by In-Shape Fitness.
    Where is this strip mall located?
    The property is located at 2931-2991 G Street Merced, CA.
    What are key features of this property?
    This property features: Anchored by In‑Shape Fitness, a well‑known tenant.; Located on G Street, a major arterial street.; Situated in Merced, a growing city due to UC Merced.
    (916) 446-8290
    We can help!
    Listing Contact
    Heath Kastner
    Real Estate License ID: 1301753
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!