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1029 Martin Luther King Jr Way is a ±7,000 SF freestanding retail/industrial-flex building on a 0.63-acre (27,443 SF) lot in Merced, California. Built in 1990 and comprehensively renovated beginning in 2020, the property pairs a retail showroom with a fully equipped service shop, office space, customer waiting area, and a fenced, secured yard with two on-site storage sheds. The 2020 renovation was extensive and covers nearly every system in the building: a complete showroom remodel with new laminate flooring and an open industrial ceiling, a full shop upgrade with new insulation, epoxy-coated floors, LED lighting, custom cabinets and workstations, and two installed car lifts. Exterior work added a black coated chain-link security fence on a concrete curb foundation, security lighting and camera coverage, fresh paint, and a new ±$45,000 LED programmable sign. Zoned C-G (Commercial General), the property offers 20 surface parking spaces (2.86 per 1,000 SF), 87 feet of frontage with a single curb cut, and sits within a designated Qualified Opportunity Zone. The site is currently owner-occupied by Car Plus, an automotive audio, air conditioning, security, and remote-start installation business—a fully conforming use under the C-G designation.
Listing agent: Dan Del Real DRE #01501195 dan@dandelreal.com, Listing office: Del Real Commercial
MLS data updated 10/26/2026, 3:53:49 PM PT
Source: CRMLS, MLS #: MC26144939
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 14, 2026
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This home · nearest recorded event
$1,350,000Original asking price · Jul 14, 2026ZIP 95341 · Jul 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.