Remodeled Executive Office
For Sale
$599,999
100-400 W Yosemite Ave, Madera, CA 93638
Remodeled office building with multiple private offices, conference space, basement storage, and attached parking for 10+ vehicles.
Property Size1,987 SF
Lot Size0.22 Acres
Price / SF$301.96
Days on Market101
Property Features for 100-400 W Yosemite Ave
General Information
Standard status
Active
Size
1,987 SF
Lot size
0.22 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
conference room
kitchen
basement storage
dual-zone HVAC
expansive windows
handicap-accessible ramp
concrete walkways
professionally landscaped grounds
pre-wired for internet and phone
wood flooring
ceiling fans
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Miracle Realty
6740091
Listed By:
Erich E Schaller · License #01919044
2170597
Source:
Exprealty
Added: May 28
Changed: Aug 20
Last Checked: Sep 4 at 10:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miracle Realty
Investment Insights
Based on property information with market context.
Remodeled executive office building offering approximately 1,987 square feet built in 1920, with an interior layout designed for 2–3 tenants. The space includes four executive offices, a conference room, spacious work areas, and bathrooms on each floor. Finishes and amenities noted include wood flooring, ceiling fans, and a kitchen, along with pre-wiring for internet and phone systems. Additional utility includes a basement for storage, plus dual-zone heating and air conditioning.
The property sits on a highly visible corner of I Street and Yosemite Avenue with access noted to Highway 99. Amenities and site features include expansive windows, three separate entrances, and a handicap-accessible ramp. Parking is described as attached with 10+ spaces, along with extensive concrete walkways and professionally landscaped grounds.
With multiple entrances, built-in office configuration, and on-site storage, the building is positioned for an owner-user or investor seeking a central, move-in-ready office option in Madera.
The property sits on a highly visible corner of I Street and Yosemite Avenue with access noted to Highway 99. Amenities and site features include expansive windows, three separate entrances, and a handicap-accessible ramp. Parking is described as attached with 10+ spaces, along with extensive concrete walkways and professionally landscaped grounds.
With multiple entrances, built-in office configuration, and on-site storage, the building is positioned for an owner-user or investor seeking a central, move-in-ready office option in Madera.
Key Highlights
- Remodeled executive office building at 400 W Yosemite Ave (corner of I Street and Yosemite Ave), sized at 1,987 SF
- Office layout for 2–3 tenants with four executive offices plus a conference room and spacious work areas
- Dual‑zone heating and air conditioning, with wood flooring, ceiling fans, and an included kitchen
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
$45,401
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
7.57%
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%
$908,020
$908.0K
Cap Rate 7%
$648,586
$648.6K
Cap Rate 9%
$504,456
$504.5K
Market Conditions
NOI Build-Up for 1,987 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
$70.6K $35.52/SF
− Vacancy
−$10.0K −$5.05/SF
EGI
$60.5K $30.47/SF
− OpEx
−$15.1K −$7.62/SF
NOI
$45.4K $22.85/SF
Area
Madera County, CA
Vacancy
14.23%
Lease Rate
$35.52 /SF/Yr
Expense Ratio
25.00%
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%
$908,020
Cap Rate 7%
$648,586
Cap Rate 9%
$504,456
Alternative Uses
Best Use
Office B
$648.6K
$567.5K – $756.7K
NOI $45,401 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.0K
$672.8K – $897.1K
NOI $53,827 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,233
Businesses Nearby
Explore this area
Business Placement
Demographics for 93638, CA
51,106
Population
12,821
Households
4
Avg Household Size
29
Median Age
8%
College-Educated
56%
High-School Grad
90.3 sq mi
ZIP Area
566
Density / Sq Mi
$60,031
Median Household Income
$28,544
Median Earnings
$1,218
Median Rent
$291,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled office building with multiple private offices, conference space, basement storage, and attached parking for 10+ vehicles.
Where is this office building located?
The property is located at 100-400 W Yosemite Ave Madera, CA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Remodeled executive office building at 400 W Yosemite Ave (corner of I Street and Yosemite Ave), sized at 1,987 SF; Office layout for 2–3 tenants with four executive offices plus a conference room and spacious work areas; Dual‑zone heating and air conditioning, with wood flooring, ceiling fans, and an included kitchen
