Property profile

1985 Olive Ave Merced, CA 95348

OFF-MARKET
Industrial properties
Property ID
US09-1853857
15.06 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This single-tenant industrial warehouse, located at 1985 W Olive Ave, Merced, CA 95348, offers 35,850 square feet of space on a one-acre lot. Built in 1970, the building features a single story with a 20-foot ceiling height, providing ample room for storage and operations. The property boasts excellent accessibility, situated near Freeway 99, making it strategically positioned for efficient distribution and transportation. Loading and unloading is simplified with three drive-in doors. The warehouse also includes 38 surface parking spaces for employees and visitors. The building is well-lit with LED lighting. This property is particularly well-suited for businesses dealing with large equipment, such as boats and watercraft, due to its spacious layout and convenient access. Merced County location provides access to a growing market. The property's single-tenant occupancy offers stability and ease of management. This is a rare opportunity to acquire a well-maintained, functional industrial space in a desirable location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 15.06 ac (656,013 SF)
APN 058-030-043-000
UPID US09-1853857

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

1985 Olive Ave Merced, CA 95348
Merced metro Census 1003 MERCED, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2018
$2.5M
2017
$2.5M

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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