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    1192 Gerard Ave Merced, CA 95341

    Sponsored
    For Sale
    $747,750

    9.97-acre almond ranch, industrial potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.97-acre property in Merced, CA (APN 259150029000), presents a unique investment opportunity. Currently an almond ranch planted in 2006 with a double-line drip irrigation system, it's zoned M-2 for heavy industrial/manufacturing uses, aligning perfectly with Merced's General Plan for industrial development. The location offers significant advantages: proximity to Highway 99 and the UC Merced Campus Expressway, an area poised for substantial growth; accessibility to city sewer lines on Gerard Ave, with future city plans to extend utilities to Mission Ave; and the burgeoning retail growth at the nearby Gateway Marketplace. While the current irrigation utilizes a well on a separate parcel, the seller is open to a well-sharing agreement. The property is within the Merced Irrigation District and the Merced Irrigation District-Urban Ground Water Sustainability Agency (MIUGSA). This land offers the potential for immediate agricultural use or future development as a prime industrial site. The asking price is $747,750. The seller is open to selling all lots together. Further information on the Sustainable Groundwater Management Act (SGMA) is available at www.sgma.water.ca.gov/portal/. This is a rare opportunity to acquire a strategically located property with diverse development possibilities.

    Property Features for 1192 Gerard Ave

    General Information

    Property type
    Farms
    Lot Size
    434,293 SF

    HighLights

    • $747,750 asking price for 9.97 acres of agricultural land.
    • Located at 1192 E Gerard Ave, Merced, CA 95341 (APN: 259150029000).
    • M‑2 zoning permits heavy industrial/manufacturing uses.
    • Features a double‑line drip irrigation system and access to Merced Irrigation District water.
    • Close proximity to Hwy 99 and UC Merced, in an area with significant growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.464111
    Latitude
    37.2786789

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    FAQs

    What type of property is this?
    Farm - 9.97-acre almond ranch, industrial potential
    Where is this farm located?
    The property is located at 1192 Gerard Ave Merced, CA.
    What is the asking price?
    The asking price for this property is $747,750.
    What are key features of this property?
    This property features: $747,750 asking price for 9.97 acres of agricultural land.; Located at 1192 E Gerard Ave, Merced, CA 95341 (APN: 259150029000).; M-2 zoning permits heavy industrial/manufacturing uses.
    Request Owner's contact information
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    Merced, CA 95341
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1192 Gerard Ave Merced, CA 95341
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