543 Mercey Springs Rd Los Banos, CA 93635
This exceptional 5-acre parcel, located at 543 N Mercey Springs Rd, Los Banos, CA 93635 (APN 082-030-051-000), presents a remarkable opportunity for residential development. Zoned R-3, this property allows for a wide variety of multi-family dwelling units, including apartments and condominiums, catering to the growing community's needs. Situated within city limits, the land boasts approximately 495.30 feet of highway frontage along Highway 165, ensuring excellent visibility and accessibility. The asking price is $1,750,000. Given the continuous growth of Los Banos and the advantageous R-3 zoning, this site is perfectly positioned for a lucrative medium-density residential project. The expansive lot size provides ample space for a substantial development, making it an attractive investment for builders and developers seeking a prime location in a thriving California community. Merced County location offers convenient access to local amenities and transportation routes. This is a rare opportunity to acquire a significant land holding in a desirable area with high development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.