Building Details

Building Size 1,500 SF

Listing Agency: RE/MAX

Listed By: Kirk Atamian · License #2127378 Show Phone

Source: Remaxcommercial

Added: May 7 Changed: Oct 13 Last Checked: Oct 20 at 5:05PM

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Investment Insights

Based on property information with market context.

This recently renovated office/shop property offers a functional layout for combined administrative and operational use. Inside, the space includes a reception area, four private offices, two restrooms, a break room, two storage closets, and a shop bay. The improvements completed in April 2026 include new LED lighting (interior and exterior), upgraded electrical switches and outlets, new plumbing fixtures, fresh interior and exterior paint, new commercial flooring, and a new 3-ton HVAC unit. Site and utilities work include a new water well and septic tank pumping with risers installed.

The property sits on approximately 2 fully fenced acres with yard space for vehicles, trailers, and equipment. Two separate street entrances off E Yosemite Avenue support convenient circulation for day-to-day operations and larger vehicles.

With ready-to-use office and shop improvements alongside secure outdoor storage and parking, this is designed for businesses needing both workspace and an operational yard.

Key Highlights

• Recently renovated 1,500 SF office/shop with functional layout for office and operational use
• ~2 fully fenced acres with a secure yard for fleet vehicles, trailers, equipment, and materials
• Two separate street entrances off Yosemite Avenue for improved circulation and access for larger vehicles

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,274

Cap Rate

5.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$685,480 $685.5K

Cap Rate 7%

$489,629 $489.6K

Cap Rate 9%

$380,822 $380.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$53.3K $35.52/SF

− Vacancy

−$7.6K −$5.05/SF

EGI

$45.7K $30.47/SF

− OpEx

−$11.4K −$7.62/SF

NOI

$34.3K $22.85/SF

Area

Madera County, CA

Vacancy

14.23%

Lease Rate

$35.52 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$685,480

Cap Rate 7%

$489,629

Cap Rate 9%

$380,822

Alternative Uses

Best Use

Office B

$489.6K

$428.4K – $571.2K (±1% cap)

NOI $34,274 @ 7.0% cap · market cap 5.08%

Second Best

Industrial

$275.0K

$240.6K – $320.8K (±1% cap)

NOI $19,249 @ 7.0% cap · market cap 2.85%

Theoretical Best

Office A

$580.5K

$507.9K – $677.2K (±1% cap)

NOI $40,634 @ 7.0% cap · market cap 6.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Pioneer Propane Propane Supplier

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

143

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 93638, CA

51,106

Population

12,821

Households

4

Avg Household Size

29

Median Age

8%

College-Educated

56%

High-School Grad

90.3 sq mi

ZIP Area

566

Density / Sq Mi

$60,031

Median Household Income

$28,544

Median Earnings

$1,218

Median Rent

$291,500

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Recently renovated office and shop space with a secure fenced yard and two street entrances.

Where is this flex space located?

The property is located at 1732 East Yosemite Avenue Madera, CA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: Recently renovated 1,500 SF office/shop with functional layout for office and operational use; ~2 fully fenced acres with a secure yard for fleet vehicles, trailers, equipment, and materials; Two separate street entrances off Yosemite Avenue for improved circulation and access for larger vehicles