New Industrial Building For
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1156 S Commerce Way, Lemoore, CA
Modern industrial building constructed in 2022 with flexible production space.
Property Size27,735 SF
Lot Size3.17 Acres
Price / SF$165.86
Days on Market375
Property Features for 1156 S Commerce Way
General Information
Standard status
Active
Size
27,735 SF
Lot size
3.17 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 1156 S Commerce Way Contact us- Floor
- Bldg
- Size
- 27,735 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1156 S Commerce Way
- The subject property is a custom-built industrial site covering 27,735 square
feet...
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Listing Agency:
Graham & Associates
(559) 754-3020
Listed By:
Matthew 'Matt' Graham · License #02094434
(559) 754-3020
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Aug 8
Last Checked: Aug 31 at 2:10AM
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 Graham & Associates
Investment Insights
Based on property information with market context.
Constructed in 2022, this custom-designed industrial building offers 27735 square feet of space and features infrastructure suited for modern production and manufacturing. The property includes expansive warehouse space, dual production rooms, a full kitchen, and upscale office accommodations, providing flexibility for various industrial workflows. It is suited for cannabis production, food and beverage processing, brewery, bottling, veterinary service, and dairy supply businesses.
Key Highlights
- Custom‑designed industrial building constructed in 2022
- State‑of‑the‑art infrastructure tailored for modern production and manufacturing
- Expansive warehouse space
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
$319,108
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
6.94%
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%
$6,382,160
$6.4M
Cap Rate 7%
$4,558,686
$4.6M
Cap Rate 9%
$3,545,644
$3.5M
Market Conditions
NOI Build-Up for 27,735 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
$399.4K $14.40/SF
− Vacancy
−$24.0K −$0.86/SF
EGI
$375.4K $13.54/SF
− OpEx
−$56.3K −$2.03/SF
NOI
$319.1K $11.51/SF
Area
Kings County, CA
Vacancy
6.00%
Lease Rate
$14.40 /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%
$6,382,160
Cap Rate 7%
$4,558,686
Cap Rate 9%
$3,545,644
Alternative Uses
Best Use
Warehouse
$4.56M
$3.99M – $5.32M
NOI $319,108 @ 7.0% cap · market cap 6.94%
Second Best
Industrial
$3.75M
$3.28M – $4.38M
NOI $262,795 @ 7.0% cap · market cap 5.71%
Theoretical Best
Healthcare Medical
$8.76M
$7.67M – $10.22M
NOI $613,382 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Modern industrial building constructed in 2022 with flexible production space.
Where is this manufacturing property located?
The property is located at 1156 S Commerce Way Lemoore, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Custom‑designed industrial building constructed in 2022; State‑of‑the‑art infrastructure tailored for modern production and manufacturing; Expansive warehouse space
