Industrial Truck Storage
For Sale
$1,100,000
901 Broadway Avenue, Atwater, CA 95301
Two industrial buildings on 2.6 acres with M-1 zoning, billboard lease income, and ample parking for trucks or heavy equipment.
Property Size3,300 SF
Price / SF$333.33
Days on Market502
Property Features for 901 Broadway Avenue
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Mixed Use
Amenities
M1
Public.
Listing Agency:
SVN Executive Commercial Advisors
7653767
Listed By:
Randhir Hayer · License #01251542
7653767
Source:
Xome
Added: Mar 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 3:34AM
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 SVN Executive Commercial Advisors
Investment Insights
Based on property information with market context.
Industrial property on 2.6 acres of M-1 zoned commercial land featuring two separate buildings: one approximately 100' x 33' and a second approximately 60' x 30'. The larger building can be divided into two halves, supporting flexible business operations or separate uses within the same footprint. The property’s lot is designed to accommodate on-site parking for multiple trucks, RVs, or heavy equipment, and there is also revenue generated from a billboard lease.
Located at 901 E Broadway Avenue in Atwater, the site is positioned for convenient access to Highway 99, described as just minutes away, supporting transportation and commerce across the region. The surrounding area includes established neighborhoods and nearby local businesses.
This offering combines adaptable industrial space with outdoor storage/parking capacity and an additional billboard revenue stream.
Located at 901 E Broadway Avenue in Atwater, the site is positioned for convenient access to Highway 99, described as just minutes away, supporting transportation and commerce across the region. The surrounding area includes established neighborhoods and nearby local businesses.
This offering combines adaptable industrial space with outdoor storage/parking capacity and an additional billboard revenue stream.
Key Highlights
- 2.6‑acre commercial land zoned M‑1 with two industrial buildings: approx. 100' x 33' and 60' x 30'.
- One building can be divided into two halves for flexible business operations.
- Public parking available with space to park multiple trucks, RVs, or heavy equipment.
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
$39,207
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
3.56%
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%
$784,140
$784.1K
Cap Rate 7%
$560,100
$560.1K
Cap Rate 9%
$435,633
$435.6K
Market Conditions
NOI Build-Up for 3,300 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
$63.4K $19.20/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$60.3K $18.28/SF
− OpEx
−$21.1K −$6.40/SF
NOI
$39.2K $11.88/SF
Area
Merced County, CA
Vacancy
4.80%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
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%
$784,140
Cap Rate 7%
$560,100
Cap Rate 9%
$435,633
Alternative Uses
Best Use
Flex RnD
$560.1K
$490.1K – $653.5K
NOI $39,207 @ 7.0% cap · market cap 3.56%
Second Best
Warehouse
$350.6K
$306.8K – $409.1K
NOI $24,544 @ 7.0% cap · market cap 2.23%
Theoretical Best
Healthcare Medical
$728.1K
$637.1K – $849.4K
NOI $50,965 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95301, CA
40,886
Population
13,250
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
74%
High-School Grad
76.1 sq mi
ZIP Area
537
Density / Sq Mi
$66,669
Median Household Income
$40,101
Median Earnings
$1,215
Median Rent
$367,800
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.
Similar Off Market Nearby
- Purely Storage — 699 Green Sands Ave, Atwater, CA 95301
- Casey Moving Systems — 350 Commerce Ave, Atwater, CA 95301
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings on 2.6 acres with M-1 zoning, billboard lease income, and ample parking for trucks or heavy equipment.
Where is this warehouse located?
The property is located at 901 Broadway Avenue Atwater, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2.6‑acre commercial land zoned M‑1 with two industrial buildings: approx. 100' x 33' and 60' x 30'.; One building can be divided into two halves for flexible business operations.; Public parking available with space to park multiple trucks, RVs, or heavy equipment.
