Oakhurst Mixed-Use Development
For Sale
Contact for pricing
40843 Hwy 41, Oakhurst, CA
Two buildings on 0.94 acres, ideal for owner-user/development.
Property Size3,450 SF
Lot Size1.69 Acres
Price / SF$159.42
Days on Market811
Property Features for 40843 Hwy 41
General Information
Standard status
Active
Size
3,450 SF
Lot size
1.69 Acres
Property subtype
RETAIL
Listing Agency:
KW Commercial | Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 302-8698
Source:
Moodyscre
Added: Jun 24, 2024
Changed: Sep 9
Last Checked: Sep 12 at 10:27AM
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 KW Commercial | Central California
Investment Insights
Based on property information with market context.
This mixed-use property in Oakhurst, California, presents an owner-user or development opportunity. It features two freestanding buildings totaling approximately 3,450 square feet on a 0.94-acre lot. The site includes one approximately 1,450-square-foot retail building on an upper lot of approximately 22,160 square feet, and one approximately 2,000-square-foot office/warehouse building on a lower lot of approximately 18,787 square feet. The flex building includes a wide-open area with two private restrooms, a large warehouse, and a covered front overhang. The rear office/warehouse building consists of an approximately 500-square-foot office with a full restroom and shower, and an approximately 1,500-square-foot wide-open warehouse. The property holds a CRM zoning designation, making it suited for a brew house. The site is associated with the Cal Water District and features a septic tank. Strategically positioned along Highway 41, the property offers easy access and visibility.
Key Highlights
- Mixed‑use property with two freestanding buildings totaling ±3,450 sf on a 0.94‑acre lot.
- CRM zoning designation, ideally suited for a brew house.
- Strategically positioned along Highway 41 with easy access and visibility.
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
$50,182
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
9.12%
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%
$1,003,640
$1.0M
Cap Rate 7%
$716,886
$716.9K
Cap Rate 9%
$557,578
$557.6K
Market Conditions
NOI Build-Up for 3,450 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
$63.8K $18.48/SF
− Vacancy
−$4.7K −$1.37/SF
EGI
$59.0K $17.11/SF
− OpEx
−$8.9K −$2.57/SF
NOI
$50.2K $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%
$1,003,640
Cap Rate 7%
$716,886
Cap Rate 9%
$557,578
Alternative Uses
Best Use
Retail
$1.01M
$881.3K – $1.18M
NOI $70,507 @ 7.0% cap · market cap 12.82%
Second Best
Warehouse
$716.9K
$627.3K – $836.4K
NOI $50,182 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,459 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Two buildings on 0.94 acres, ideal for owner-user/development.
Where is this retail space located?
The property is located at 40843 Hwy 41 Oakhurst, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Mixed‑use property with two freestanding buildings totaling ±3,450 sf on a 0.94‑acre lot.; CRM zoning designation, ideally suited for a brew house.; Strategically positioned along Highway 41 with easy access and visibility.
