Versatile Building in Prime
For Sale
$599,950
Pending
912 Main St, Merced, CA 95340
Adaptable building suitable for church, medical, or office use.
Property Size18,000 SF
Days on Market232
Property Features for 912 Main St
General Information
Standard status
Pending
Size
18,000 SF
Property subtype
Commercial
Building Details
Building Size
18,000 SF
Listing Agency:
London Properties Ltd - Merced
Listed By:
Conchita Swiggart · License #01221716
(209) 725-2100
Source:
Elliman
Added: Mar 10
Changed: Oct 26
Last Checked: Oct 26 at 5:31PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 18,000-square-foot property is located in a desirable area. Currently used as a church, the building was previously a medical clinic. The property's adaptable layout makes it suitable for various purposes, including religious facilities, medical office space, or general office use. Please note that the sale is subject to Department of Justice (DOJ) approval.
Key Highlights
- Great location
- Previously used as a medical clinic
- Currently used as a church
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,864
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,280
$677.3K
Cap Rate 7%
$483,771
$483.8K
Cap Rate 9%
$376,267
$376.3K
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$56.2K $3.12/SF
− Vacancy
−$11.0K −$0.61/SF
EGI
$45.2K $2.51/SF
− OpEx
−$11.3K −$0.63/SF
NOI
$33.9K $1.88/SF
Area
Merced County, CA
Vacancy
19.60%
Lease Rate
$3.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,280
Cap Rate 7%
$483,771
Cap Rate 9%
$376,267
Alternative Uses
Best Use
Healthcare Medical
$3.97M
$3.47M – $4.63M
NOI $277,992 @ 7.0% cap · market cap 46.34%
Second Best
Office B
$483.8K
$423.3K – $564.4K
NOI $33,864 @ 7.0% cap · market cap 5.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,843
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Church & religious facility - Adaptable building suitable for church, medical, or office use.
Where is this church & religious facility located?
The property is located at 912 Main St Merced, CA.
What is the asking price?
The asking price for this property is $599,950.
What are key features of this property?
This property features: Great location; Previously used as a medical clinic; Currently used as a church
