Merced Church/Medical Clinic
For Sale
$599,950
Pending
912 Main St, Merced, CA 95340
Versatile property suitable for church or medical clinic use.
Property Size18,000 SF
Lot Size0.69 Acres
Days on Market166
Property Features for 912 Main St
General Information
Standard status
Pending
Size
18,000 SF
Lot size
0.69 Acres
Property subtype
Commercial
Building Details
Building Size
18,000 SF
Listing Agency:
NEXT DOOR REAL ESTATE
(209) 725-2100
Listed By:
Conchita Swiggart · License #01221716
(209) 725-2100
Source:
Elliman
Added: Mar 10
Changed: Aug 21
Last Checked: Aug 22 at 11:05AM
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 NEXT DOOR REAL ESTATE
Investment Insights
Based on property information with market context.
This property, situated in a desirable location, is currently used as a church and was previously a medical clinic. Please note that the sale is subject to Department of Justice (DOJ) approval. The property is suitable for churches and religious facilities, specialty properties, medical office space, general office properties and spaces, and other commercial real estate ventures.
Key Highlights
- Great Location
- Previously used as a medical clinic
- Currently used as a church
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
$33,864
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
5.64%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,843
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Church & religious facility - Versatile property suitable for church or medical clinic 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
