Medical Office Condo
3351 M Unit 205 Merced, CA 95348
New
For Sale
$877,500
Office condo with reception, waiting room, five private offices, procedure rooms, and patient rooms, plus nurse stations.
Property Size3,510 SF
Price / SF$250
Days on Market7
Property Features for 3351 M Unit 205
General Information
- Standard status
- Active
- Size
- 3,510 SF
- Property subtype
- Office
Listing Agency:
CB Commercial, Select Real Estate
(209) 725-7253
Listed By:
Loren Gonella · License #00575211
Source:
Xome
Added: Jul 18
Changed: Jul 24
Last Checked: Jul 24 at 5:18AM
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 CB Commercial, Select Real Estate
Investment Insights
Based on property information with market context.
This well-appointed medical/professional office condo is configured with a welcoming reception area and comfortable waiting room. The interior layout includes five private offices, a dedicated doctor’s office, three procedure rooms, and six patient rooms, along with a nurse’s station and private nurse’s office. The suite also provides patient and employee restrooms, a breakroom, and ample storage.
The property is located at 3351 M Unit 205 in Merced, CA, positioned on a high-traffic arterial street with visibility and accessibility for both clients and staff. The offering notes ample parking for day-to-day operations.
The space is currently arranged to accommodate a hearing aid practice, with additional office space available within the overall layout.
The property is located at 3351 M Unit 205 in Merced, CA, positioned on a high-traffic arterial street with visibility and accessibility for both clients and staff. The offering notes ample parking for day-to-day operations.
The space is currently arranged to accommodate a hearing aid practice, with additional office space available within the overall layout.
Key Highlights
- Office condo with reception and waiting room
- Includes five private offices plus a dedicated doctor’s office
- Exam/procedure space: three procedure rooms and six patient rooms
Financial Insights For Healthcare Medical
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 | $105.3k | $30.00 |
| − Vacancy | −$15.0k | −$4.26 |
| EGI | $90.3k | $25.74 |
| − OpEx | −$36.1k | −$10.30 |
| NOI | $54.2k | $15.44 |
3,510 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$774.4K
$677.6K – $903.5K
NOI $54,208 @ 7.0% cap · market cap 6.18%
Second Best
Office B
$94.3K
$82.6K – $110.1K
NOI $6,604 @ 7.0% cap · market cap 0.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mary Holland
Physician
Central Valley Coalition
Housing Authority
Dr. Ernest B. ...
Physician
Alan Hoffman
Dental Office
Similar Off Market Nearby
- Ordahl Rick DVM — 3200 G St, Merced, CA 95340
- Merced Veterinary Clinic — 3200 G St, Merced, CA 95340
- Merced Veterinary Clinic: Smith Alicia DVM — 3200 G St, Merced, CA 95340
- Merced Veterinary Clinic: Chiffelle Carol DVM — 3200 G St, Merced, CA 95340
- Merced Veterinary Clinic: Ekblom Nicole DVM — 3200 G St, Merced, CA 95340
FAQs
What type of property is this?
Medical Office Space - Office condo with reception, waiting room, five private offices, procedure rooms, and patient rooms, plus nurse stations.
Where is this medical office space located?
The property is located at 3351 M Unit 205 Merced, CA.
What is the asking price?
The asking price for this property is $877,500.
What are key features of this property?
This property features: Office condo with reception and waiting room; Includes five private offices plus a dedicated doctor’s office; Exam/procedure space: three procedure rooms and six patient rooms
