Office Building Ownership
3183 Collins Drive Merced, CA 95348
3183 Collins Drive, Merced, CA, 95348
$250,000
For Sale
$250,000
Office building ownership interest in North Merced near UC Merced.
Property Size4,550 SF
Price / SF$54.95
Days on Market422
Property Features for 3183 Collins Drive
General Information
- Standard status
- Active
- Size
- 4,550 SF
Listing Agency
DEL REAL COMMERCIAL
Listed by
DAN DEL REAL
Source
Corcoran
Added: May 21, 2025 Checked: Mar 16 at 9:08 am
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 DEL REAL COMMERCIAL
Investment Insights
Based on property information with market context.
This offering represents a 25% ownership interest in an approximately 4,550 square foot office building. The property is located in a desirable area of North Merced and is situated on an approximately 0.164-acre lot. The building comprises five individual office units, providing flexibility for either occupancy or leasing. The zoning is Planned Development (P-D), which allows for a variety of professional and medical uses. The location is just minutes from the University of California, Merced campus, providing access to a growing population base and consistent demand for office and medical services. There is potential to purchase the building in its entirety, subject to the approval of Ownership.
Key Highlights
- 25% ownership interest in a ±4,550 sq ft office building in North Merced.
- Located in a highly desirable area.
- Zoned Planned Development (P‑D) allowing for professional and medical uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.2k | $3.12 |
| − Vacancy | −$2.8k | −$0.61 |
| EGI | $11.4k | $2.51 |
| − OpEx | −$2.9k | −$0.63 |
| NOI | $8.6k | $1.88 |
4,550 SF · lease $3.12/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.00M
$878.4K – $1.17M
NOI $70,270 @ 7.0% cap · market cap 28.11%
Second Best
Office B
$122.3K
$107.0K – $142.7K
NOI $8,560 @ 7.0% cap · market cap 3.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Farmers Insurance - Robert ...
Insurance Agency
Wight Patricia
Insurance Agency
Medical Systematics Inc
Medical Billing Service
Merced Flores Insurance
Insurance Agency
Bruner David CPA ...
Accounting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building ownership interest in North Merced near UC Merced.
Where is this office building located?
The property is located at 3183 Collins Drive Merced, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 25% ownership interest in a ±4,550 sq ft office building in North Merced.; Located in a highly desirable area.; Zoned Planned Development (P‑D) allowing for professional and medical uses.
