Mixed-Use Property with
New
For Sale
$1,400,000
34681 Avenue 12, Madera, CA 93636
Commercial zoning supports existing residential uses and the potential to add rental units or develop retail space.
Property Size4,941 SF
Lot Size2.25 Acres
Price / SF$283.34
Days on Market5
Property Features for 34681 Avenue 12
General Information
Standard status
Active
Size
4,941 SF
Lot size
2.25 Acres
Property subtype
Multifamily
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
2002
Buildings
3
Stories
1
Listing Agency:
RE/MAX Gold
Listed By:
listing agent
(559) 514-4516
Source:
Goxander
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 7:06AM
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 RE/MAX Gold
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Investment Insights
Based on property information with market context.
This 2.25-acre mixed-use property on Avenue 12 includes a townhouse, a detached home, and a duplex. The townhouse measures 1,200 square feet and has an attached shop and garage. A separate 1,647-square-foot home offers three bedrooms and two bathrooms and is currently used as a business. Each of the duplex’s two units has approximately 1,700 square feet, three bedrooms, two bathrooms, indoor laundry, and a two-car garage.
The four multifamily units are occupied by month-to-month tenants. Commercial zoning allows for consideration of additional rental units or retail development. Water is supplied by a 600-foot well drilled six years ago.
The four multifamily units are occupied by month-to-month tenants. Commercial zoning allows for consideration of additional rental units or retail development. Water is supplied by a 600-foot well drilled six years ago.
Key Highlights
- 2.25 acres with frontage on Avenue 12
- Commercial zoning; potential for additional rentals or retail development
- Townhouse: 1,200 square feet with attached shop and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,457
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,140
$1.1M
Cap Rate 7%
$777,957
$778.0K
Cap Rate 9%
$605,078
$605.1K
Market Conditions
NOI Build-Up for 4,941 SF
Gross rent
$84.2K $17.04/SF
− Vacancy
−$6.4K −$1.30/SF
EGI
$77.8K $15.74/SF
− OpEx
−$23.3K −$4.72/SF
NOI
$54.5K $11.02/SF
Area
Madera County, CA
Vacancy
7.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,140
Cap Rate 7%
$777,957
Cap Rate 9%
$605,078
Alternative Uses
Best Use
Multifamily LT 5
$778.0K
$680.7K – $907.6K
NOI $54,457 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$720.0K
$630.0K – $840.1K
NOI $50,403 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,850 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 93636, CA
14,004
Population
4,759
Households
2.9
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
197.5 sq mi
ZIP Area
71
Density / Sq Mi
$124,024
Median Household Income
$63,375
Median Earnings
$1,788
Median Rent
$483,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning supports existing residential uses and the potential to add rental units or develop retail space.
Where is this mixed-use property located?
The property is located at 34681 Avenue 12 Madera, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2.25 acres with frontage on Avenue 12; Commercial zoning; potential for additional rentals or retail development; Townhouse: 1,200 square feet with attached shop and garage
