Convenience Store and
For Sale
$799,900
409 E 12th Street, Madera, CA 93638
Recently updated convenience store plus rear duplex offers leased commercial income with flexible residential tenancy terms.
Property Size5,051 SF
Price / SF$158.36
Days on Market507
Property Features for 409 E 12th Street
General Information
Standard status
Active
Size
5,051 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
2
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
7047653
Listed By:
Keller Williams Merced
7047653
Source:
Xome
Added: Mar 15, 2025
Changed: Jul 10
Last Checked: Jul 16 at 6:51AM
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 Keller Williams Merced
Investment Insights
Based on property information with market context.
This mixed-use property combines a convenience store with a duplex in the rear. The exterior has been recently updated with new stucco and rock-accented features, improving curb appeal. The convenience store is operated under a long-term lease, providing established commercial occupancy.
The property is located at 409 E 12th Street in Madera. It sits in a quiet residential neighborhood and is described as being within walking distance to Martin Luther King Jr. Middle School and Sierra Vista Elementary.
For investors, the long-term lease on the convenience store supports the commercial portion of the cash flow picture. The rear duplex consists of two residential units currently on month-to-month tenancy, which can appeal to an owner-occupant looking for flexibility or to a buyer planning to adjust residential rent terms over time. Overall, it offers a practical live/work or investment setup by pairing retail and residential income within one property.
The property is located at 409 E 12th Street in Madera. It sits in a quiet residential neighborhood and is described as being within walking distance to Martin Luther King Jr. Middle School and Sierra Vista Elementary.
For investors, the long-term lease on the convenience store supports the commercial portion of the cash flow picture. The rear duplex consists of two residential units currently on month-to-month tenancy, which can appeal to an owner-occupant looking for flexibility or to a buyer planning to adjust residential rent terms over time. Overall, it offers a practical live/work or investment setup by pairing retail and residential income within one property.
Key Highlights
- Mixed‑use property at 409 E 12th St in Madera with a convenience store and a rear duplex
- Convenience store is under a long‑term lease for stable commercial income
- Rear duplex has 2 residential units on month‑to‑month tenancy for flexible occupancy or rent changes
Financial Insights For Multifamily LT 5
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 | $86.1k | $17.04 |
| − Vacancy | −$6.5k | −$1.30 |
| EGI | $79.5k | $15.74 |
| − OpEx | −$23.9k | −$4.72 |
| NOI | $55.7k | $11.02 |
5,051 SF · lease $17.04/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,599 @ 7.0% cap · market cap 13.83%
Second Best
Retail
$1.47M
$1.29M – $1.72M
NOI $103,226 @ 7.0% cap · market cap 12.90%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,830 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93638, CA
51,106
Population
12,821
Households
4
Avg Household Size
29
Median Age
8%
College-Educated
56%
High-School Grad
90.3 sq mi
ZIP Area
566
Density / Sq Mi
$60,031
Median Household Income
$28,544
Median Earnings
$1,218
Median Rent
$291,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Toro Loco Market/ Express Pharmacy — 629 e yosemite ave, madera, ca 93638
- El Molino Mexico Imports — 220 E Yosemite Ave, Madera, CA 93638
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Recently updated convenience store plus rear duplex offers leased commercial income with flexible residential tenancy terms.
Where is this grocery and convenience store located?
The property is located at 409 E 12th Street Madera, CA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Mixed‑use property at 409 E 12th St in Madera with a convenience store and a rear duplex; Convenience store is under a long‑term lease for stable commercial income; Rear duplex has 2 residential units on month‑to‑month tenancy for flexible occupancy or rent changes
