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635 Fairfield Dr

Merced, CA 95348

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$2,800,000

7,676 sq ft

635 Fairfield Dr

Merced, CA 95348

Listed On: 07/14/2026
Status: Active
Listing Number: MC26148699 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 209.725.2100 Email Agent
Property Description
Listing Agent: Ernesto Ochoa, Keller Williams Property Team

Here is an opportunity to acquire a local Government-Leased Retail Investment with a brand new 15-Year (NNN) lease in-place! This is a fully renovated 7,676-square-foot modern commercial retail condominium strategically located in the heart of Merced's rapidly revitalizing retail corridor. Currently occupied by the Merced County Department of Workforce Investment, providing investors with long-term, predictable cash flow backed by a government agency tenant. The lease structure offers some landlord responsibilities while featuring scheduled rental increases beginning in Year 3, providing steady income growth throughout the lease term. Positioned within one of Merced's premier regional retail destinations, the property benefits from its location between Marketplace Merced (formerly the Merced Mall) and The Shoppes at Merced. The surrounding 53-acre grocery-anchored regional shopping center is undergoing a significant redevelopment, bringing new retailers, renewed consumer activity, and long-term investment into one of the city's most prominent commercial corridors. The property is in a highly visible location with multiple points of ingress and egress, abundant parking, and exposure to thousands of vehicles each day. This offering represents a rare opportunity to acquire a stabilized, government-occupied investment featuring a long-term lease, passive management structure, and exceptional positioning within one of California's fastest-growing Central Valley markets.
Property Type
Commercial Sale
Property Sub Type
Office
Asset Class
Retail
Special Listing Conditions
Standard
Stories Total
1
Current Use
See Remarks
Current Use Comments
Professional Office
Number Of Buildings
1
Entry Level
1
Building Status
Existing
Price Per Square Foot
$365
Days On London
0
County Or Parish
Merced
Investment Property Y/N
Yes
Cooling Y/N
Yes
Heating Y/N
Yes
Directions
At Merced Mall across from Kohl's
Sign On Property Y/N
No
Building Name
Prospero
Heating
Central
Cooling
Central Air
Laundry Features
None
Retail Center Type
Community/Specialty
Office Class
A
Roof
Membrane
Utilities
See Remarks
Water Source
See Remarks, Public
Business Type
Professional/Office
Condo Area Units
Square Feet
Office Square Footage
7676
Largest Contigious Square Footage
7676
Total Building NRA
7676
Land Use
Retail
Common Interest
None
Additional Parcels Y/N
No
Zoning
P-D
Number Of Units Leased
1
Operating Expense
50056.00
Expense Year
2026
Insurance Expense
7000.00
Water Sewer Expense
4800.00
Trash Expense
2400.00
Real Estate Tax Expense
29556.00
Other Expense
6300.00
Gross Scheduled Income
220632.00
Total Expenses
50056.00
Net Operating Income
170576.00
Accounting Type
ProForma
Operating Expense
50056.00
Net Operating Income
170576.00
Cap Rate
6.10
Tax Annual Amount
28000.00

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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