Flex Space with Secure Paved
For Sale
Contact for pricing
1017 North Maple Avenue, Fresno, CA 93702
Two freestanding buildings combine office and shop areas within an IL-zoned industrial property near Fresno Yosemite International Airport.
Property Size11,400 SF
Price / SF$118.42
Days on Market11
Property Features for 1017 North Maple Avenue
General Information
Standard status
Active
Size
11,400 SF
Property subtype
Industrial
Zoning
Light Industrial
Building Details
Buildings
2
Listing Agency:
C21 Commercial
(559) 359-4035
Listed By:
Jared Ennis · License #CA
Source:
Crexi
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 11:44PM
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 C21 Commercial
Investment Insights
Based on property information with market context.
This flex space includes two separate office/warehouse buildings totaling ±11,400 SF on a fully fenced and paved ±32,670 SF (±0.75 AC) lot. The improvements are configured for office, shop, and warehouse operations, with connected work areas, an automobile dock, nine roll-up doors, and multiple electrical services including 480V, 3-phase power. Building 1 contains ±4,500 SF with 12' clear height, 14' eave height, and five roll-up doors. Building 2 provides a ±6,900 SF sprinklered main shop plus ±1,135 SF of office space, 14' clear height, 18' eave height, and four roll-up doors.
Zoned IL (Light Industrial), the property supports automotive, service, manufacturing, contractor, warehouse, and similar industrial uses. Its location near Fresno Yosemite International Airport offers access to CA-168, CA-180, and CA-99, with connectivity to I-5 via CA-180 and CA-99.
Zoned IL (Light Industrial), the property supports automotive, service, manufacturing, contractor, warehouse, and similar industrial uses. Its location near Fresno Yosemite International Airport offers access to CA-168, CA-180, and CA-99, with connectivity to I-5 via CA-180 and CA-99.
Key Highlights
- Two freestanding office/warehouse buildings totaling ±11,400 SF
- Fully fenced and paved ±32,670 SF (±0.75 AC) lot
- Nine roll‑up doors and an automobile dock
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
$101,709
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
7.53%
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%
$2,034,180
$2.0M
Cap Rate 7%
$1,452,986
$1.5M
Cap Rate 9%
$1,130,100
$1.1M
Market Conditions
NOI Build-Up for 11,400 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
$121.8K $10.68/SF
− Vacancy
−$2.1K −$0.18/SF
EGI
$119.7K $10.50/SF
− OpEx
−$17.9K −$1.57/SF
NOI
$101.7K $8.92/SF
Area
ZIP 93702
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%
$2,034,180
Cap Rate 7%
$1,452,986
Cap Rate 9%
$1,130,100
Alternative Uses
Best Use
Flex RnD
$2.14M
$1.87M – $2.49M
NOI $149,652 @ 7.0% cap · market cap 11.09%
Second Best
Office B
$2.00M
$1.75M – $2.33M
NOI $140,049 @ 7.0% cap · market cap 10.37%
Theoretical Best
Office A
$2.78M
$2.43M – $3.25M
NOI $194,738 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93702, CA
45,741
Population
13,386
Households
3.4
Avg Household Size
29
Median Age
9%
College-Educated
57%
High-School Grad
5.2 sq mi
ZIP Area
8,796
Density / Sq Mi
$44,849
Median Household Income
$27,486
Median Earnings
$1,110
Median Rent
$211,900
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?
Flex space - Two freestanding buildings combine office and shop areas within an IL-zoned industrial property near Fresno Yosemite International Airport.
Where is this flex space located?
The property is located at 1017 North Maple Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two freestanding office/warehouse buildings totaling ±11,400 SF; Fully fenced and paved ±32,670 SF (±0.75 AC) lot; Nine roll‑up doors and an automobile dock
