Freestanding Flex Space with
New
For Sale
$525,000
1533 E Belmont Ave, Fresno, CA 93701
Freestanding commercial space with dual workshops, private rooms, fenced outdoor area, paved parking, and NMX zoning.
Property Size4,200 SF
Lot Size3.00 Acres
Price / SF$125
Days on Market2
Property Features for 1533 E Belmont Ave
General Information
Standard status
Active
Size
4,200 SF
Class
B
Lot size
3.00 Acres
Property subtype
Other Special Purpose
Zoning
NMX
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Building Size
4,200 SF
Buildings
1
Properties For Sale
at 1533 E Belmont Ave Contact us- Size
- 4,200 SF
- Lease Type
- Modified Gross
1533 E Belmont Avenue
Listing Agency:
KW Commercial - Central California
Listed By:
Jared Ennis
(559) 705-1000
Source:
Thebrokerlist
Added: Sep 6
Last Checked: Sep 6 at 2:38PM
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.
This freestanding flex property contains approximately 4,200 SF within a larger approximately 130,680 SF parcel. The interior includes two open workshop areas, two private rooms, a central hall, and one restroom with multiple stalls. One workshop has carpeted open space and an interior ramp, while the other provides concrete floors, built-in sinks, and existing plumbing. Multiple entrances, storage areas, a fenced yard or patio, paved private parking, and pull-through alley access add practical functionality. NMX zoning supports a variety of commercial uses.
The property is located at 1533 E Belmont Ave in Fresno, with access to CA-180 and CA-41 and proximity to CA-99. CA-180 on- and off-ramps are identified at Abby St and N Blackstone Ave. Nearby retail and commercial amenities include Manchester Center and the Downtown Fresno area, with surrounding tenants that include banks, restaurants, coffee shops, and service businesses.
The property is located at 1533 E Belmont Ave in Fresno, with access to CA-180 and CA-41 and proximity to CA-99. CA-180 on- and off-ramps are identified at Abby St and N Blackstone Ave. Nearby retail and commercial amenities include Manchester Center and the Downtown Fresno area, with surrounding tenants that include banks, restaurants, coffee shops, and service businesses.
Key Highlights
- Approximately 4,200 SF freestanding building on approximately 130,680 SF
- Two open workshop areas with distinct flooring, plumbing, sinks, and ramp access
- Two private rooms, central hall, and one restroom with multiple stalls
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
$30,859
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
5.88%
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%
$617,180
$617.2K
Cap Rate 7%
$440,843
$440.8K
Cap Rate 9%
$342,878
$342.9K
Market Conditions
NOI Build-Up for 4,200 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
$44.9K $10.68/SF
− Vacancy
−$772 −$0.18/SF
EGI
$44.1K $10.50/SF
− OpEx
−$13.2K −$3.15/SF
NOI
$30.9K $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%
$617,180
Cap Rate 7%
$440,843
Cap Rate 9%
$342,878
Alternative Uses
Best Use
Flex RnD
$800.3K
$700.3K – $933.7K
NOI $56,020 @ 7.0% cap · market cap 10.67%
Second Best
Industrial
$440.8K
$385.7K – $514.3K
NOI $30,859 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,638 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,979
Businesses Nearby
Balanced
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial space with dual workshops, private rooms, fenced outdoor area, paved parking, and NMX zoning.
Where is this flex space located?
The property is located at 1533 E Belmont Ave 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: Approximately 4,200 SF freestanding building on approximately 130,680 SF; Two open workshop areas with distinct flooring, plumbing, sinks, and ramp access; Two private rooms, central hall, and one restroom with multiple stalls
