Vacant Flex Space with Roll-Up
New
For Sale
$1,260,000
113 North R Street, Madera, CA 93637
Two connected buildings offer adaptable commercial space with a fenced rear area and parking.
Property Size6,300 SF
Price / SF$200
Days on Market2
Property Features for 113 North R Street
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
1
Building Details
Building Size
6,300 SF
Buildings
2
Listing Agency:
RE/MAX
(559) 246-0000
Listed By:
Kirk Atamian · License #2127378
Source:
Remaxcommercial
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 4:36AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This flex-space property consists of two connected buildings on one parcel, with approximately 6,300 SF of combined area. Both structures are vacant, providing immediate control of the premises for a business or commercial operation. One building includes a roll-up garage door, while the fenced rear area adds secured outdoor functionality for storage, inventory, or equipment. Ample on-site parking supports day-to-day access for occupants and visitors.
The property is located at 113 North R Street in Madera, within the Highway 99 corridor and positioned for access across Madera and the surrounding Central Valley. Its combination of enclosed space, drive-in capability, rear fencing, and parking creates a practical configuration for a range of commercial uses.
The property is located at 113 North R Street in Madera, within the Highway 99 corridor and positioned for access across Madera and the surrounding Central Valley. Its combination of enclosed space, drive-in capability, rear fencing, and parking creates a practical configuration for a range of commercial uses.
Key Highlights
- Approximately 6,300 SF across two connected buildings
- Two separate vacant buildings on one parcel
- Roll‑up garage door in one building
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
$91,637
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
7.27%
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%
$1,832,740
$1.8M
Cap Rate 7%
$1,309,100
$1.3M
Cap Rate 9%
$1,018,189
$1.0M
Market Conditions
NOI Build-Up for 6,300 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
$116.4K $18.48/SF
− Vacancy
−$8.6K −$1.37/SF
EGI
$107.8K $17.11/SF
− OpEx
−$16.2K −$2.57/SF
NOI
$91.6K $14.55/SF
Area
Madera County, CA
Vacancy
7.40%
Lease Rate
$18.48 /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%
$1,832,740
Cap Rate 7%
$1,309,100
Cap Rate 9%
$1,018,189
Alternative Uses
Best Use
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,637 @ 7.0% cap · market cap 7.27%
Second Best
Industrial
$1.15M
$1.01M – $1.35M
NOI $80,845 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,664 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93637, CA
40,202
Population
12,918
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
70%
High-School Grad
280.4 sq mi
ZIP Area
143
Density / Sq Mi
$74,621
Median Household Income
$36,057
Median Earnings
$1,345
Median Rent
$369,200
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.
Frequently Asked Questions
What type of property is this?
Flex space - Two connected buildings offer adaptable commercial space with a fenced rear area and parking.
Where is this flex space located?
The property is located at 113 North R Street Madera, CA.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Approximately 6,300 SF across two connected buildings; Two separate vacant buildings on one parcel; Roll‑up garage door in one building
