2926 G StMerced, CA 95340

Property Details for 2926 G St

Year built

1990

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

21,534 SF

Property type

Commercial real estate

APN

007-131-035-000

APU

7131035000

Description

This exceptional two-story office building, located at 2926 G Street in Merced, CA 95340, offers 20,216 square feet of versatile space ideal for executive or medical offices. The property boasts a prime location with North G Street frontage, ample parking (143 spaces), and convenient access to public transportation (city bus stop). Currently, 8,340 square feet are available for lease, divisible into units ranging from 1,263 to 5,064 contiguous square feet. Four suites are available, with two immediately ready for occupancy: Suite 204 (2,013 sq ft, $1.85/sq ft) and Suite 205 (2,884 sq ft, $1.85/sq ft). Suite 204 includes new floor coverings. Suite 205 features three separate entrances, a private patio, and a large open office area. Suites 200 (1,263 sq ft, $1.95/sq ft) and 201 (2,180 sq ft, $1.85/sq ft) will be available May 1, 2025. Suites 201 and 205 can be combined for a total of 5,064 square feet ($1.75/sq ft). All rents are modified gross, with no CAM or NNN fees. Individual suites have separate HVAC systems and meters. The building features updated common areas with new flooring and paint, energy-efficient windows, an elevator, and two staircases. The 0.45-acre lot also includes a developed pad suitable for an 8,000-square-foot build-to-suit office building. The property is zoned CO (Commercial Office) and was built in 1989. The owner is willing to negotiate tenant improvements and amortize them over the lease term.

• CAP approach

  CAP return

  Valuation

  6%

  $5,356,580

  6.5%

  $4,944,540

  7%

  $4,591,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,166,400

  Geo Method

  $6,006,050

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,407,040

  Retail / Commercial

  $4,888,020

  Mixed-Use / Specialty

  $4,921,130

  Hospitality / Lodging

  $3,676,280

  Office

  $4,944,540

  Institutional / Educational

  $5,134,060

  Residential Income

  $6,006,850

  Multifamily

  $6,924,110

  Automotive / Energy

  $4,400,620

  Parking / Income-Based Land

  $1,468,670

  Restaurant / Food Service

  $2,667,380

  Healthcare / Senior Housing

  $4,994,700

Location Insight

City

Merced

County

Merced

State

California

Latitude

37.3126

Longitude

-120.469

CBSA code

32900

CBSA name

MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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