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    414 21St St Merced, CA 95340
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    Property profile & analytics

    414 21St St Merced, CA 95340

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    • Commercial real estate
    Off-Market
    Property ID
    US09-0204962
    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

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    • Lyssabeth Mattoon, PhD: Embracing Resilience Psychological Services, Inc. / Physician / Medical Clinic
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    Property Details for 414 21St St

    Property type
    Commercial real estate

    Description

    This exceptional commercial office building at 414 W 21st Street, Merced, CA 95340, is offered at $375,000. The property boasts a desirable location, just a short walk from the courthouse, making it ideal for legal professionals. The building features a formal entryway and a welcoming common waiting room, setting a professional tone. Inside, you'll find beautiful hardwood and tile flooring, elegant crown molding, and a cozy fireplace, creating a serene and inviting atmosphere. A convenient kitchenette is also included. The building currently serves as therapy offices, but its versatile layout offers numerous possibilities. Ample parking is provided with eight spaces located at the rear of the building. The property is classified as both office and land, offering potential for future development or expansion. This unique opportunity combines prime location, attractive features, and convenient parking, making it a highly desirable commercial property. Don't miss out on this chance to own a well-maintained and strategically located office building in Merced, California.

    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
    -120.4800372
    Latitude
    37.3048026

    Comparable in this City

    • Contact for pricing
      1,200 SF

      Commercial Property on CA-140

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      High-Visibility Corner Lot in Merced

      Prime corner lot with existing home/office on busy street.
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      Prime Commercial Lot Near Hospital

      Development-ready lot ideal for medical or retail use.
      402 Mercy Ave, Merced, CA 95340
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    • $5,053,000
      199,505 SF

      Prime Commercial Lot Near Hospital

      Development-ready commercial land near Mercy Hospital, Merced College, UC Merced.
      402 Mercy Ave, Merced, CA 95340
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    • $595,000
      1,184 SF

      High-Visibility Corner Lot in Merced

      Prime commercial lot with existing home/office on busy street.
      2505 M St, Merced, CA 95340
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Commercial Property on CA-140

      Commercial property with warehouse, high visibility, and traffic exposure.
      3748 State Highway 140, Merced, CA 95340
      View Details
    • $595,000

      High-Visibility Corner Lot in Merced

      Prime corner lot with existing home/office on busy street.
      2505 M St, Merced, CA 95340
      View Details
    • $5,053,000

      Prime Commercial Lot Near Hospital

      Development-ready lot ideal for medical or retail use.
      402 Mercy Ave, Merced, CA 95340
      View Details
    • $5,053,000
      199,505 SF

      Prime Commercial Lot Near Hospital

      Development-ready commercial land near Mercy Hospital, Merced College, UC Merced.
      402 Mercy Ave, Merced, CA 95340
      View Details
    • $595,000
      1,184 SF

      High-Visibility Corner Lot in Merced

      Prime commercial lot with existing home/office on busy street.
      2505 M St, Merced, CA 95340
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,225 SF

      Merced Office Space Available

      16,225 square feet of office space for rent.
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    • Contact for pricing

      Merced Office Suite For Lease

      Two-story office building with suite available for lease.
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      1,750 SF

      Downtown Merced Office Space Available

      Office space for rent in Downtown Merced near amenities.
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    • $1.25 SF/Yr
      1,700 SF

      Downtown Merced Office Space Available

      Two office spaces available for lease in Downtown Merced.
      355 W Main St, Merced, CA 95340
      View Details
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    414 21St St
    Merced, CA 95340
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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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