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Property profile & analytics
OFF-MARKET
Commercial land
89 Craig Dr Merced, CA 95340-2427
Individually Owned
Absentee Owner
Free & Clear
Property ID
US10-3271364
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1957
Construction
WOOD FRAME
Total area
2,169 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R
APN
007-131-003-000
UPID
US10-3271364
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harjinder K Pannu
Harjinder K Pannu
since 2026
Last sale
$175,000
7 recorded transactions
Zoning & alternative use
R · Merced, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Merced submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merced submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$994
Tax year 2024
Assessed value
$91,800
Assessed 2024
Previous assessed
$91,800
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$91,800
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1957
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
2,169 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R
APN
007-131-003-000
UPID
US10-3271364
Jurisdiction
MERCED
Zoning & alternative use
R · Merced, CA
Zoning R · permitted uses
R · Merced, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Merced. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Harjinder K Pannu
Individual
Free & Clear · 0 yrs held
Mailing address
2894 SOHAN DR, MERCED, CA 95348-9632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Harjinder K Pannu
Dilbag S Pannu
Deed
related
—
Jun 23, 2023
$175,000
Dilbag Singh Pannu
Sanchez Merced Properties LLC
Grant Deed
—
Jul 9, 2014
—
Cerros,liane 2013 Living Trust
Cerros,liane
Quit Claim Deed
related
—
Feb 6, 2014
—
Sanchez Merced Properties LLC
Kll Properties LP
Quit Claim Deed
—
Dec 29, 2008
—
Kathi E Castro
Sanchez Family Living Trust
Grant Deed
related
—
Jul 8, 2008
—
Kll Properties LLC
Sanchez Family Living Trust
Grant Deed
—
Mar 27, 2008
$525,000
Valerie Survivors Sanchez
Drumm S R & Ruby P Fam Trust
Grant Deed
—
Dec 28, 2007
—
Sanchez Family Living Trust
Sanchez Family Living Trust
Quit Claim Deed
related
—
Feb 22, 2002
$160,000
Henry Sanchez
Pietro Bandoni INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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