Warehouse For
For Sale
$995,000
1380 N Abby Street, Fresno, CA 93703
Commercial, Fresno, CA
Property Size9,240 SF
Lot Size0.40 Acres
Price / SF$107.68
Days on Market179
Property Features for 1380 N Abby Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
NMX
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Exterior features
Metal, Stucco
Directions
West on McKinley South on Blackstone East on Hedges North on Abby St.
Subdivision
703
Standard status
Active
APN
45121241
Size
9,240 SF
Lot size
0.40 Acres
Building Details
Year built
1988
Flooring type
Concrete
Roof type
Tile, Metal
Listing Agency:
Iron Key Real Estate
(559) 296-8044
Listed By:
Kevin Evaro · License #02283325
(559) 296-8044
Added: Mar 3
Changed: Aug 29
Last Checked: Aug 29 at 5:06PM
MLS# 647798
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale warehouse property includes approximately 9,240 square feet of commercial space and is situated on a 0.3994-acre lot.
The property is located at 1380 N Abby Street in Fresno, California (93703), within Fresno County.
For buyers evaluating industrial space in the Fresno area, this asset offers a compact site footprint and a defined warehouse size suitable for a range of storage and operational uses, subject to applicable regulations.
The property is located at 1380 N Abby Street in Fresno, California (93703), within Fresno County.
For buyers evaluating industrial space in the Fresno area, this asset offers a compact site footprint and a defined warehouse size suitable for a range of storage and operational uses, subject to applicable regulations.
Key Highlights
- Stucco and metal exterior construction
- Tile and metal roofing
- Concrete flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,438
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,648,760
$1.6M
Cap Rate 7%
$1,177,686
$1.2M
Cap Rate 9%
$915,978
$916.0K
Market Conditions
NOI Build-Up for 9,240 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.7K $10.68/SF
− Vacancy
−$1.7K −$0.18/SF
EGI
$97.0K $10.50/SF
− OpEx
−$14.5K −$1.57/SF
NOI
$82.4K $8.92/SF
Area
Fresno, CA
Vacancy
1.72%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,648,760
Cap Rate 7%
$1,177,686
Cap Rate 9%
$915,978
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.37M
NOI $82,438 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,603 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Near2Me Self Storage Units — 2425 N Blackstone Ave, Fresno, CA 93703
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Frequently Asked Questions
What type of property is this?
Warehouse - For sale warehouse property totaling 9,240 square feet on a 0.3994-acre lot in Fresno, CA.
Where is this warehouse located?
The property is located at 1380 N Abby Street Fresno, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Stucco and metal exterior construction; Tile and metal roofing; Concrete flooring throughout
