Industrial Distribution
For Sale
$525,000
211 M St, Fresno, CA 93721
Warehouse space with expansive yard area and a 11x8 garage door, supported by 225-amp three-phase power.
Property Size4,364 SF
Days on Market44
Property Features for 211 M St
General Information
Standard status
Active
Size
4,364 SF
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
13.9 ft
Drive-In Doors
1
Heavy Power
Yes
Building Details
Building Size
4,364 SF
Year Built
1961
Listing Agency:
KW Commercial - Central California
Listed By:
Jared Ennis
(559) 705-1000
Source:
Thebrokerlist
Added: Jul 24
Changed: Sep 4
Last Checked: Sep 5 at 3:41AM
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.
211 M St is a well-appointed industrial building designed to support streamlined logistics and light industrial workflows. The property features adaptable floor plates with unobstructed warehouse space and clear spans that can accommodate flexible racking layouts. Loading and movement are supported by ample truck maneuvering areas and expansive yard space intended for day-to-day operations.
The building includes interior systems and infrastructure described as tailored to minimize downtime, with a ceiling height noted at 13.9 feet. Electrical service is provided as 225 Amp three-phase power.
A garage door of 11x8 is included for access into the warehouse area, supporting practical use for distribution or manufacturing operations.
The building includes interior systems and infrastructure described as tailored to minimize downtime, with a ceiling height noted at 13.9 feet. Electrical service is provided as 225 Amp three-phase power.
A garage door of 11x8 is included for access into the warehouse area, supporting practical use for distribution or manufacturing operations.
Key Highlights
- Warehouse/industrial building with expansive yard space
- 11x8 garage door for loading and access
- 225‑amp three‑phase power (225 Amp three phase)
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
$38,935
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
7.42%
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%
$778,700
$778.7K
Cap Rate 7%
$556,214
$556.2K
Cap Rate 9%
$432,611
$432.6K
Market Conditions
NOI Build-Up for 4,364 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
$46.6K $10.68/SF
− Vacancy
−$802 −$0.18/SF
EGI
$45.8K $10.50/SF
− OpEx
−$6.9K −$1.57/SF
NOI
$38.9K $8.92/SF
Area
Fresno, CA
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%
$778,700
Cap Rate 7%
$556,214
Cap Rate 9%
$432,611
Alternative Uses
Best Use
Warehouse
$556.2K
$486.7K – $648.9K
NOI $38,935 @ 7.0% cap · market cap 7.42%
Second Best
Industrial
$458.1K
$400.8K – $534.4K
NOI $32,064 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,021 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 93721, CA
7,899
Population
2,621
Households
3
Avg Household Size
35
Median Age
12%
College-Educated
69%
High-School Grad
2.0 sq mi
ZIP Area
3,950
Density / Sq Mi
$32,602
Median Household Income
$26,746
Median Earnings
$915
Median Rent
$219,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Warehouse space with expansive yard area and a 11x8 garage door, supported by 225-amp three-phase power.
Where is this distribution center located?
The property is located at 211 M St Fresno, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Warehouse/industrial building with expansive yard space; 11x8 garage door for loading and access; 225‑amp three‑phase power (225 Amp three phase)
