Industrial Facility in Roeding
For Sale
Contact for pricing
1521 W Nielsen Ave, Fresno, CA 93706
Industrial facility with flexible space and functional office.
Property Size16,500 SF
Lot Size0.38 Acres
Price / SF$96.67
Days on Market680
Property Features for 1521 W Nielsen Ave
General Information
Standard status
Active
Size
16,500 SF
Class
C
Lot size
0.38 Acres
Property subtype
Industrial
Zoning
IL
Building Details
Year Built
1945
Stories
1
Listing Agency:
Newmark - Fresno
(559) 447-6295
Listed By:
Jeff Wolpert · License #CA 01487371
Source:
Crexi
Added: Oct 14, 2024
Changed: Aug 14
Last Checked: Aug 23 at 9:52PM
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.
Located on the north side of Roeding Industrial Park at 1521 Nielsen Avenue, this property is situated approximately 0.5 miles north of Highway 180 and 1 mile east of Marks Avenue. The site features approximately 15,000 square feet of metal buildings of varying ages. The buildings are divided, but offer the potential to be combined for a larger space. The property includes multiple roll-up doors to facilitate access. Additionally, there is approximately 1,500 square feet of functional office space. The property is suitable for mechanics or similar businesses.
Key Highlights
- Excellent location, close to Highway 180 and Marks Avenue.
- Large space: 15,000± square feet of metal buildings.
- Flexible layout: Buildings can be easily combined for larger space.
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
$121,232
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
7.60%
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%
$2,424,640
$2.4M
Cap Rate 7%
$1,731,886
$1.7M
Cap Rate 9%
$1,347,022
$1.3M
Market Conditions
NOI Build-Up for 16,500 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
$176.2K $10.68/SF
− Vacancy
−$3.0K −$0.18/SF
EGI
$173.2K $10.50/SF
− OpEx
−$52.0K −$3.15/SF
NOI
$121.2K $7.35/SF
Area
Fresno, CA
Vacancy
1.72%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
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%
$2,424,640
Cap Rate 7%
$1,731,886
Cap Rate 9%
$1,347,022
Alternative Uses
Best Use
Flex RnD
$3.14M
$2.75M – $3.67M
NOI $220,077 @ 7.0% cap · market cap 13.80%
Second Best
Industrial
$1.73M
$1.52M – $2.02M
NOI $121,232 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$4.86M
$4.25M – $5.67M
NOI $340,362 @ 7.0% cap · market cap 21.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93706, CA
40,965
Population
12,239
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
62%
High-School Grad
158.5 sq mi
ZIP Area
258
Density / Sq Mi
$40,023
Median Household Income
$28,495
Median Earnings
$1,129
Median Rent
$227,600
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?
Flex space - Industrial facility with flexible space and functional office.
Where is this flex space located?
The property is located at 1521 W Nielsen Ave Fresno, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Excellent location, close to Highway 180 and Marks Avenue.; Large space: **15,000± square feet of metal buildings.**; Flexible layout: Buildings can be easily combined for larger space.
