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    3622 State Highway 59 Merced, CA 95348
    Property profile & analytics

    3622 State Highway 59, Merced, CA 95348

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    • Commercial real estate
    • 10.73 lot acres
    Off-Market
    Property ID
    US09-2729482
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3622 State Highway 59

    Lot size
    10.73 lot acres
    Property type
    Commercial real estate
    APN
    206-050-017

    Description

    This exceptional 10.73-acre land parcel in Merced, California, presents a remarkable opportunity for multifamily development. Located at 3622 N State Hwy 59, Merced, CA 95348 (APN 206-050-017), this property is ideally suited for a large-scale project. The site is currently envisioned as an apartment complex, encompassing 18 buildings and a total of 132 units. The existing plan includes a spacious communal facility, enhancing the resident experience. Units are designed with modern amenities in mind, featuring fully equipped kitchens, generously sized bedrooms, and private patios or balconies offering appealing views. Residents will enjoy resort-style community features, including a fitness center, swimming pool, and clubhouse. The property benefits from its convenient location, providing easy access to a wide array of dining, entertainment, and retail establishments, as well as convenient public transportation. This offering is available for a 1031 exchange, making it an attractive investment opportunity. The asking price for this significant development site is $3,900,000. This is a rare chance to acquire a substantial land parcel in a thriving California market, poised for significant growth and return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.501768
    Latitude
    37.335149

    Comparable in this City

    • $570,000
      Pending

      Merced Fourplex: Income and Opportunity

      Centrally located fourplex with upgrades and strong rental potential.
      3321 Santa Rosa Ct, Merced, CA 95348
      View Details
    • Contact for pricing

      North Merced Four-Plex Investment

      Rare four-plex near Fahrens Park, Target, and Merced Mall.
      3360 R St, Merced, CA 95348
      View Details
    • Contact for pricing

      Vacant Land For Sale

      1.02 acre vacant lot for future development or investment.
      3 W Belcher Ave, Merced, CA 95348
      View Details

    Similar Nearby for Sale

    • $570,000
      Pending

      Merced Fourplex: Income and Opportunity

      Centrally located fourplex with upgrades and strong rental potential.
      3321 Santa Rosa Ct, Merced, CA 95348
      View Details
    • Contact for pricing

      North Merced Four-Plex Investment

      Rare four-plex near Fahrens Park, Target, and Merced Mall.
      3360 R St, Merced, CA 95348
      View Details
    • Contact for pricing

      Vacant Land For Sale

      1.02 acre vacant lot for future development or investment.
      3 W Belcher Ave, Merced, CA 95348
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Highway Commercial Land for Lease

      3.87 acres of highway commercial land available for lease.
      2350 Franklin Rd, Merced, CA 95348
      View Details
    • Contact for pricing
      2,800 SF

      Highway Commercial Land for Lease

      3.87 acres of highway commercial land available for lease.
      2355 Franklin Rd, Merced, CA 95348
      View Details
    • Contact for pricing

      Land For Rent Merced

      Land available for rent in Merced, California.
      1237 Yosemite Pkwy, Merced, CA 95348
      View Details
    • Contact for pricing

      Marketplace at Merced Redevelopment Opportunity

      53-acre shopping center undergoing redevelopment in growing Central California.
      851 W Olive Ave, Merced, CA 95348
      View Details
    • $30 SF/Yr
      3,389 SF

      Merced Office Building For Lease

      Professional office building in North Merced with flexible workspace.
      M St, Merced, CA 95348
      View Details
    • Contact for pricing

      Retail Space Available

      Retail space available for lease.
      2991 G St, Merced, CA 95348
      View Details
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    Merced, CA 95348
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    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
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