Duplex with Mixed-Use
New
For Sale
$349,000
35442 Highway 41, Coarsegold, CA 93614
Two rental units provide separate one- and two-bedroom residential layouts within a commercially designated setting.
Property Size2,072 SF
Price / SF$168.44
Days on Market7
Property Features for 35442 Highway 41
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Retail
Amenities
3
Building Details
Year Built
1966
Listing Agency:
Summit Real Estate, PC
(559) 257-2936
Listed By:
Melanie Barker · License #01460234
Source:
Xome
Added: Aug 17
Changed: Aug 23
Last Checked: Aug 23 at 3:52AM
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 Summit Real Estate, PC
Investment Insights
Based on property information with market context.
This 2,072-square-foot duplex was built in 1966 and is currently operated as residential rental housing. The floor plan includes one two-bedroom, one-bath unit and a separate one-bedroom, one-bath unit, giving the property two distinct residences.
The property carries CRM and RRS zoning and is addressed on Highway 41 in Coarsegold, California. Its mixed-use designation and existing duplex improvements provide a combination of residential configuration and commercial land-use classification.
The property carries CRM and RRS zoning and is addressed on Highway 41 in Coarsegold, California. Its mixed-use designation and existing duplex improvements provide a combination of residential configuration and commercial land-use classification.
Key Highlights
- 2,072‑square‑foot duplex built in 1966
- Two‑bedroom, one‑bath unit
- One‑bedroom, one‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,836
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,720
$456.7K
Cap Rate 7%
$326,229
$326.2K
Cap Rate 9%
$253,733
$253.7K
Market Conditions
NOI Build-Up for 2,072 SF
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.
Gross rent
$35.3K $17.04/SF
− Vacancy
−$2.7K −$1.30/SF
EGI
$32.6K $15.74/SF
− OpEx
−$9.8K −$4.72/SF
NOI
$22.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,720
Cap Rate 7%
$326,229
Cap Rate 9%
$253,733
Alternative Uses
Best Use
Multifamily LT 5
$326.2K
$285.5K – $380.6K
NOI $22,836 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$301.9K
$264.2K – $352.3K
NOI $21,136 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$801.9K
$701.6K – $935.5K
NOI $56,130 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 93614, CA
11,574
Population
4,875
Households
2.4
Avg Household Size
51
Median Age
27%
College-Educated
95%
High-School Grad
128.5 sq mi
ZIP Area
90
Density / Sq Mi
$87,393
Median Household Income
$43,614
Median Earnings
$1,859
Median Rent
$355,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two rental units provide separate one- and two-bedroom residential layouts within a commercially designated setting.
Where is this duplex located?
The property is located at 35442 Highway 41 Coarsegold, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,072‑square‑foot duplex built in 1966; Two‑bedroom, one‑bath unit; One‑bedroom, one‑bath unit
