Medical/Professional Office Near Mercy
For Sale
$575,000
410 E Yosemite Avenue #B, Merced, CA 95340
Well-maintained 1,900 sq ft office space near Mercy Medical Center.
Property Size1,974 SF
Price / SF$291.29
Days on Market457
Property Features for 410 E Yosemite Avenue #B
General Information
Standard status
Active
Size
1,974 SF
Listing Agency:
LONDON PROPERTIES LTD - MERCED
Listed By:
MARY CAMPER
Source:
Corcoran
Added: May 30, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 LONDON PROPERTIES LTD - MERCED
Investment Insights
Based on property information with market context.
This approximately 1,900 sq ft space is an excellent opportunity to own a well-maintained medical or professional office. The functional layout is ideal for healthcare or office use. It features 5 exam rooms and 2 bathrooms. A spacious reception area filled with natural light welcomes clients or patients. The front yard is nicely landscaped, adding professional curb appeal. Inside, there is a dedicated breakroom with an employee bathroom, a sterilization room, a cleaning/storage room, and convenient attic storage for additional space. A temperature-controlled IT room offers secure, lockable storage for sensitive equipment or files. The property is located in desirable north Merced near Mercy Medical Center, Merced College, and a variety of restaurants, offering excellent accessibility. This move-in ready space is tailored for efficiency and comfort.
Key Highlights
- Prime location near Mercy Medical Center and Merced College.
- Move‑in ready, well‑maintained 1,900 sq ft medical/professional office space.
- Functional layout with 5 exam rooms and 2 bathrooms.
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
$30,486
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
5.30%
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%
$609,720
$609.7K
Cap Rate 7%
$435,514
$435.5K
Cap Rate 9%
$338,733
$338.7K
Market Conditions
NOI Build-Up for 1,974 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
$59.2K $30.00/SF
− Vacancy
−$8.4K −$4.26/SF
EGI
$50.8K $25.74/SF
− OpEx
−$20.3K −$10.30/SF
NOI
$30.5K $15.44/SF
Area
Merced County, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$609,720
Cap Rate 7%
$435,514
Cap Rate 9%
$338,733
Alternative Uses
Best Use
Healthcare Medical
$435.5K
$381.1K – $508.1K
NOI $30,486 @ 7.0% cap · market cap 5.30%
Second Best
Office B
$53.1K
$46.4K – $61.9K
NOI $3,714 @ 7.0% cap · market cap 0.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95340, CA
38,606
Population
13,553
Households
2.8
Avg Household Size
33
Median Age
26%
College-Educated
86%
High-School Grad
52.0 sq mi
ZIP Area
742
Density / Sq Mi
$65,141
Median Household Income
$35,165
Median Earnings
$1,204
Median Rent
$383,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained 1,900 sq ft office space near Mercy Medical Center.
Where is this medical office space located?
The property is located at 410 E Yosemite Avenue #B Merced, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Prime location near Mercy Medical Center and Merced College.; Move‑in ready, well‑maintained 1,900 sq ft medical/professional office space.; Functional layout with **5 exam rooms and 2 bathrooms.**
