Property profile

1081 Gerard Ave Merced, CA 95341

OFF-MARKET
Other land
Property ID
US09-2333791
17.99 ac lot
Individually Owned 9-yr Hold
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Property summary

AI-generated overview

The property is an approximately 18-acre ranch featuring a Chandler variety walnut orchard that was planted in 2017. It is located in southeast Merced near the city limits and in proximity to Hwy 99 and the UC Merced Campus Expressway. The parcel is zoned M-2, which is intended to support heavy industrial and manufacturing uses and is consistent with the City of Merced’s General Plan industrial development designation. Municipal sewer access is available at Gerard Ave, with utilities planned for extension toward Mission Ave to serve future development. Irrigation is provided by a double-line drip irrigation system, and the ranch lies within the Merced Irrigation District, with access to Class I district water; the current water source is a well located across the road on an adjacent, separately owned ranch. The property is also within the Merced Irrigation District–Urban Ground Water Sustainability Agency (MIUGSA), and the land configuration supports potential uses that may include a homesite and/or future industrial-oriented development.

Property profile

Verified
Property type Other land
Lot 17.99 ac (783,644 SF)
UPID US09-2333791

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1081 Gerard Ave Merced, CA 95341
Merced metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
1 recorded transaction
2017
$450,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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