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Property profile & analytics
FOR LEASE
Commercial land

645 Fairfield Dr Merced, CA 95348

2 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1934799
645 Fairfield Dr, Merced, CA 95348 For Lease
$19.80 SF/Yr 22,896 SF available
645 Fairfield Dr, Merced, CA 95348
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Property summary
AI-generated overview

This exceptional 22,896 square foot retail space, previously a movie theater, is located at 645 Fairfield Dr, Merced, CA 95348, within the revitalized Merced Mall. The property boasts a Class A designation, having undergone renovations in 2024, and offers flexible tenancy options with a minimum divisible space of 7,500 square feet. The entire 22,896 square feet is currently vacant and available for lease. Ample parking is provided with approximately 200 spaces. The site sits on a 2-acre lot (85,572 square feet) and features three suites within a single building. The property is zoned P-D (Planned Development), aligning perfectly with the mall's ongoing redevelopment into an open-air concept. This redevelopment includes a new Cinemark movie theater, generating significant foot traffic. The Merced Mall is anchored by Target, Kohl's, and JCPenney, along with over 75 other retailers. The property's strategic location benefits from proximity to Merced Community College and UC Merced, contributing to a large and growing potential customer base. The surrounding area's population is substantial and projected to experience significant growth in the coming years. Tenant improvements are negotiable.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2 ac (87,120 SF)
APN 236-220-016-000
UPID US09-1934799
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$980k
Owner & transaction history
Gsra LLC · 3 yrs held
Gsra LLC
since 2023
Last sale
$900,000
5 recorded transactions
2025
Price N/A
2024
Price N/A
2023
$900,000
2001
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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