Freestanding Industrial Building with
For Sale
Contact for pricing
204 N Abby St, Fresno, CA 93701
Freestanding corner building with 12-ft clearance, HVAC-controlled offices, and newly upgraded interior and exterior finishes.
Property Size1,589 SF
Price / SF$267.46
Days on Market528
Property Features for 204 N Abby St
General Information
Standard status
Active
Size
1,589 SF
Property subtype
INDUSTRIAL
Zoning
CMX, RS5
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Clear Height
12 ft
Amenities
monument/billboard signage
Building Details
Tenancy
Single
Listing Agency:
Colliers | Fresno
(559) 284-1113
Listed By:
Bobby Fena, SIOR · License #00977465
(559) 284-1113
Source:
Moodyscre
Added: Mar 4, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:18PM
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 Colliers | Fresno
Investment Insights
Based on property information with market context.
This freestanding industrial property sits on a highly visible corner and includes a shop area with 12-ft clearance plus HVAC-controlled office space. The building has private offices and reception areas, along with two restrooms in each building. Interior and exterior upgrades include fresh paint, and the owner has also installed a new 12’ x 18’ roll-up door in the shop area.
Building 204 features freestanding monument/billboard-type signage along Abby Street and is leased to Franco Auto Sales through December 31, 2025. The property also offers a .17-acre private fenced lot that is being sold as a separate parcel, with two parcels total. Access is described as quick to Freeways 41 & 180, and the site is located in an Opportunity Zone. Zoning is CMX (Corridor Mixed-Use) and RS5 (Residential Uses).
Building 204 features freestanding monument/billboard-type signage along Abby Street and is leased to Franco Auto Sales through December 31, 2025. The property also offers a .17-acre private fenced lot that is being sold as a separate parcel, with two parcels total. Access is described as quick to Freeways 41 & 180, and the site is located in an Opportunity Zone. Zoning is CMX (Corridor Mixed-Use) and RS5 (Residential Uses).
Key Highlights
- Freestanding building on a highly visible corner with 12‑ft clearance and newly upgraded interior and exterior finishes
- Shop area includes a newly installed 12’ x 18’ roll‑up door; HVAC‑controlled offices plus private offices and reception areas
- Two buildings each include two restrooms; Building 204 has freestanding monument/billboard‑type signage along Abby Street
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
$23,525
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
5.54%
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%
$470,500
$470.5K
Cap Rate 7%
$336,071
$336.1K
Cap Rate 9%
$261,389
$261.4K
Market Conditions
NOI Build-Up for 1,589 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
$33.4K $21.00/SF
− Vacancy
−$2.0K −$1.26/SF
EGI
$31.4K $19.74/SF
− OpEx
−$7.8K −$4.94/SF
NOI
$23.5K $14.81/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$470,500
Cap Rate 7%
$336,071
Cap Rate 9%
$261,389
Alternative Uses
Best Use
Office B
$336.1K
$294.1K – $392.1K
NOI $23,525 @ 7.0% cap · market cap 5.54%
Second Best
Flex RnD
$302.8K
$264.9K – $353.2K
NOI $21,194 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$468.3K
$409.7K – $546.3K
NOI $32,778 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding corner building with 12-ft clearance, HVAC-controlled offices, and newly upgraded interior and exterior finishes.
Where is this flex space located?
The property is located at 204 N Abby St Fresno, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Freestanding building on a highly visible corner with 12‑ft clearance and newly upgraded interior and exterior finishes; Shop area includes a newly installed 12’ x 18’ roll‑up door; HVAC‑controlled offices plus private offices and reception areas; Two buildings each include two restrooms; Building 204 has freestanding monument/billboard‑type signage along Abby Street
