Fresno Freestanding Warehouse For
For Sale
Contact for pricing
1360 E North Avenue, Fresno, CA 93725
Well-maintained warehouse in Fresno's desirable industrial submarket, near freeways.
Property Size41,688 SF
Price / SF$150.16
Days on Market183
Property Features for 1360 E North Avenue
General Information
Standard status
Active
Size
41,688 SF
Property subtype
Industrial
Zoning
IH (Heavy Industrial)
Building Details
Year Built
2000
Buildings
1
Stories
1
Listing Agency:
Newmark - Fresno
Listed By:
Ethan Smith · License #CA 01395349
Source:
Crexi
Added: Feb 20
Changed: Aug 15
Last Checked: Jun 26 at 8:10PM
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 Newmark - Fresno
Investment Insights
Based on property information with market context.
This well-maintained, free-standing warehouse is located in Fresno’s most desirable industrial submarket. Constructed in 2000, the concrete, tilt-wall building has been used for warehousing and fabricating aluminum products. It features 24’+ clear height and approximately 2,600 square feet of office space with a functional layout. The property includes multiple grade-level loading doors, a secured yard, and 800 AMPS/480V electrical service. Zoned Heavy Industrial, the property can accommodate various uses, including manufacturing, logistics, and food processing. Situated at the northwest corner of Orange and North Avenues, the property is less than half a mile from the Highways 41 and 99 freeway interchanges, providing easy access to the region via major transportation corridors. The building's size is 41688 square feet.
Key Highlights
- Prime location in Fresno's most desirable industrial submarket, with easy access to Highways 41 and 99.
- Heavy Industrial zoning allows for a wide range of uses.
- 24'+ clear height and multiple grade‑level loading doors ideal for warehouse operations.
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
$371,934
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
5.94%
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%
$7,438,680
$7.4M
Cap Rate 7%
$5,313,343
$5.3M
Cap Rate 9%
$4,132,600
$4.1M
Market Conditions
NOI Build-Up for 41,688 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
$445.2K $10.68/SF
− Vacancy
−$7.7K −$0.18/SF
EGI
$437.6K $10.50/SF
− OpEx
−$65.6K −$1.57/SF
NOI
$371.9K $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%
$7,438,680
Cap Rate 7%
$5,313,343
Cap Rate 9%
$4,132,600
Alternative Uses
Best Use
Warehouse
$5.31M
$4.65M – $6.20M
NOI $371,934 @ 7.0% cap · market cap 5.94%
Second Best
Industrial
$4.38M
$3.83M – $5.10M
NOI $306,299 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$12.28M
$10.75M – $14.33M
NOI $859,940 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93725, CA
26,162
Population
6,998
Households
3.7
Avg Household Size
30
Median Age
13%
College-Educated
68%
High-School Grad
67.0 sq mi
ZIP Area
390
Density / Sq Mi
$71,099
Median Household Income
$34,943
Median Earnings
$1,222
Median Rent
$262,400
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.
Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained warehouse in Fresno's desirable industrial submarket, near freeways.
Where is this warehouse located?
The property is located at 1360 E North Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $6,260,000.
What are key features of this property?
This property features: Prime location in Fresno's most desirable industrial submarket, with easy access to Highways 41 and 99.; Heavy Industrial zoning allows for a wide range of uses.; 24'+ clear height and multiple grade‑level loading doors ideal for warehouse operations.
