Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1450 Mercey Springs Rd Los Banos, CA 93635

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1450 Mercey Springs Rd Los Banos, CA 93635

    View on Map
    • Neighborhood centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Serenity Massage / Alternative Medicine Practice / Spa & Massage Center
    • La Michoacana Ice Cream and Delights / Grocery & Convenience Store / Specialty Food Shop
    • ROYAL NAILS AND LASHES (20% GRAND OPENING) / Nail Salon
    • JUGOS LIZBETH Y FRUTAS TROPICALES / Restaurant
    • Papa Murphy’s | Take ‘N’ Bake Pizza / Restaurant

    Property Details for 1450 Mercey Springs Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is situated within the newly developed Save Mart Shopping Center, located at the high-traffic southeast corner of State Highway 152 and Highway 165 (Mercey Springs Road) in Los Banos, California. The property is a strip center offering a single available space totaling 2,000 square feet. This space presents a unique chance to establish a business in a vibrant and growing area. The location benefits from excellent visibility and accessibility due to its prominent corner location on two major roadways. The Save Mart Shopping Center provides a strong anchor tenant, drawing significant foot traffic and enhancing the overall appeal of the center. The address is 1450 S. Mercey Springs Rd, Los Banos, CA 93635, within Merced County. While the total building square footage is not currently specified, the available space of 2,000 square feet represents a significant portion of the currently vacant 2,820 square feet. This presents an ideal opportunity for a business seeking a well-located, readily available space in a thriving retail environment. The property's location offers easy access for customers and employees alike. This space is perfect for a variety of retail uses and represents a strong investment opportunity in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Banos
    County
    Merced
    State
    California
    Longitude
    -120.833
    Latitude
    37.0557

    Comparable in this City

    • Value Estimation by Request
      51,514 SF

      911 Pacheco Blvd

      Lifestyle centers • 51,514 SF
      911 Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Value Estimation by Request
      5,000 SF

      336 Mercey Springs Rd

      Restaurants • 5,000 SF
      336 Mercey Springs Rd, Los Banos, CA 93635
      View Details
    • Value Estimation by Request
      0.75 Acres

      913 Pacheco Blvd

      Retail properties & Spaces • 0.75 Acres
      913 Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Value Estimation by Request
      2,625 SF

      165 Mercy Spg

      Restaurants • 2,625 SF
      165 Mercy Spg, Los Banos, CA 93635
      View Details
    • Value Estimation by Request
      151,514 SF

      911 Pacheco Blvd

      Land • 151,514 SF
      911 Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Value Estimation by Request
      4.73 Acres

      Hwy 165 & Overland Ave

      Land • 4.73 Acres
      0 Hwy 165 & Overland Ave, Los Banos, CA 93635
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on State Hwy

      Located on heavily traveled route between Central Valley and Central Coast.
      913 W Pacheco Blvd, Los Banos, CA 93635
      View Details
    • $4,250,000
      32,500 SF

      Los Banos Retail Opportunity

      3.85 acre retail property in Los Banos, California.
      1 Hwy152/Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Contact for pricing
      8,320 SF

      Retail Property on Highway 152

      Retail property with high visibility and long-term tenant.
      2120 E Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Contact for pricing

      Los Banos Highway Commercial Space

      Highway commercial space on 3.85 acres with high traffic count.
      1106 I St, Los Banos, CA 93635
      View Details
    • Contact for pricing
      24,375 SF

      Commercial Pad in Shopping Center

      Commercial pad available for sale in a major shopping center.
      2140 E Pacheco Blvd, Los Banos, CA 93635
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Stone Creek Plaza

      Retail space available in a busy shopping center.
      1301 W Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Contact for pricing
      9,500 SF

      Retail Spaces and Drive-Thru Pads

      Retail spaces and drive-thru pads available for lease.
      746 Miller Ln, Los Banos, CA 93635
      View Details
    • Contact for pricing
      36,499 SF

      Retail Space in Los Banos

      Anchor suite available in Los Banos retail corridor.
      947-963 W Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Contact for pricing
      2,400 SF

      Retail Spaces and Drive-Thru Pads

      Retail spaces and drive-thru pads available for lease.
      1704 E Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Contact for pricing
      4,586 SF

      Retail Center in Los Banos

      Retail center with ample parking and signage opportunities.
      1341 E Pacheco Blvd, Los Banos, CA 93635
      View Details
    • Contact for pricing
      10,300 SF

      Retail Center in Los Banos

      Retail center with ample parking and signage opportunities.
      1313-1339 E Pacheco Blvd, Los Banos, CA 93635
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1450 Mercey Springs Rd
    Los Banos, CA 93635
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!