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1460 W 18th St 14,000 SF 100% Leased Office Building Merced, CA 95340 $2,089,965 CAD ($149.28 CAD/SF) 2.97% Cap Rate
Investment Highlights
- The building’s layout supports full occupancy by an owner-user or can be divided to lease one floor while occupying the other.
Executive Summary
At just $107 per square foot, 1460 W 18th St is one of the lowest price-per-foot office opportunities in Merced County. This 14,000 sq ft two-story office building is offered at $1,500,000 and includes a large on-site parking lot, flexible floorplan, and strong rental potential. The current tenant pays $5,000/month, with historical rents up to $10,000/month and pro forma income projected between $12,600–$14,000/month. The building’s layout supports full occupancy by an owner-user or can be divided to lease one floor while occupying the other. Built in 1970, it sits in a high-visibility central Merced location with solid zoning flexibility. Perfect for investors seeking a value-add play or business owners looking to leverage rental income.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,000 SF
Building Class
C
Year Built
1970
Price
$2,089,965 CAD
Price Per SF
$149.28 CAD
Cap Rate
2.97%
NOI
$62,093 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,000 SF
Building FAR
0.62
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
CG - General Commercial/Light Industrial/Office Space
Parking
34 Spaces (2.43 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Storage Space
- Central Heating
- Reception
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 031-093-001 | Total Assessment | $896,748 CAD |
| Land Assessment | $154,054 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $742,694 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
031-093-001
Land Assessment
$154,054 CAD
Improvements Assessment
$742,694 CAD
Total Assessment
$896,748 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1460 W 18th St
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