Office/Shop with Fenced
For Sale
$675,000
1732 East Yosemite Avenue, Madera, CA 93638
Recently renovated office and shop space with a secure fenced yard and two street entrances.
Property Size1,500 SF
Days on Market122
Property Features for 1732 East Yosemite Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Industrial
Building Details
Building Size
1,500 SF
Listing Agency:
RE/MAX
Listed By:
Kirk Atamian · License #2127378
(559) 246-0000
Source:
Remaxcommercial
Added: May 7
Changed: Aug 7
Last Checked: Sep 5 at 3:34AM
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 RE/MAX
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.
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 = 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
$34,274
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
5.08%
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%
$685,480
$685.5K
Cap Rate 7%
$489,629
$489.6K
Cap Rate 9%
$380,822
$380.8K
Market Conditions
NOI Build-Up for 1,500 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
$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 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%
$685,480
Cap Rate 7%
$489,629
Cap Rate 9%
$380,822
Alternative Uses
Best Use
Office B
$489.6K
$428.4K – $571.2K
NOI $34,274 @ 7.0% cap · market cap 5.08%
Second Best
Industrial
$275.0K
$240.6K – $320.8K
NOI $19,249 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$580.5K
$507.9K – $677.2K
NOI $40,634 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
