Flex Warehouse with In-Place
For Sale
Contact for pricing
1808-1820 E Mckinley Ave, Fresno, CA 93703
Two freestanding warehouse buildings totaling about 23,200 SF sit on a 38,768 SF lot; the front is vacant and the rear is leased.
Property Size23,200 SF
Lot Size0.89 Acres
Price / SF$80
Days on Market238
Property Features for 1808-1820 E Mckinley Ave
General Information
Standard status
Active
Size
23,200 SF
Lot size
0.89 Acres
Property subtype
RETAIL
Zoning
NMX
Site & Location
Neighborhood
Mclane
Listing Agency:
Retail California Commercial Real Estate
(559) 256-1700
Listed By:
Shane Sousa · License #02152527
(559) 447-6221
Source:
Moodyscre
Added: Mar 10
Changed: Oct 25
Last Checked: Nov 1 at 4:03AM
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 Retail California Commercial Real Estate
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Investment Insights
Based on property information with market context.
1808–1820 E. McKinley Avenue consists of two freestanding buildings totaling approximately 23,200 SF on a 38,768± SF lot. The 13,000± SF front building along McKinley Avenue is vacant, offering an owner-user setup or value-add investment approach. The 10,200± SF rear building is currently leased and provides in-place income.
The property is zoned NMX (Neighborhood Mixed-Use), allowing a broad range of commercial and light industrial uses. Recent improvements to the vacant front building include a new roof, gutters, a roll-up door, and evaporative coolers, intended to minimize immediate capital needs.
The layout supports a separated front-and-rear configuration, with the front building positioned for visibility from McKinley Avenue and the rear building operating under an existing lease.
The property is zoned NMX (Neighborhood Mixed-Use), allowing a broad range of commercial and light industrial uses. Recent improvements to the vacant front building include a new roof, gutters, a roll-up door, and evaporative coolers, intended to minimize immediate capital needs.
The layout supports a separated front-and-rear configuration, with the front building positioned for visibility from McKinley Avenue and the rear building operating under an existing lease.
Key Highlights
- Two freestanding warehouse buildings totaling approx. 23,200 SF on a 38,768± SF lot
- Front building (approx. 13,000± SF) along McKinley Avenue is vacant and suited for an owner‑user or value‑add investor
- Rear building (approx. 10,200± SF) is currently leased, providing in‑place income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,460
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,409,200
$3.4M
Cap Rate 7%
$2,435,143
$2.4M
Cap Rate 9%
$1,894,000
$1.9M
Market Conditions
NOI Build-Up for 23,200 SF
Gross rent
$247.8K $10.68/SF
− Vacancy
−$4.3K −$0.18/SF
EGI
$243.5K $10.50/SF
− OpEx
−$73.1K −$3.15/SF
NOI
$170.5K $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 Rate 5%
$3,409,200
Cap Rate 7%
$2,435,143
Cap Rate 9%
$1,894,000
Alternative Uses
Best Use
Flex RnD
$4.42M
$3.87M – $5.16M
NOI $309,442 @ 7.0% cap · market cap 16.67%
Second Best
Industrial
$2.44M
$2.13M – $2.84M
NOI $170,460 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$6.84M
$5.98M – $7.98M
NOI $478,570 @ 7.0% cap · market cap 25.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,208
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- San Joaquin Catering — 2011 E Lewis Ave, Fresno, CA 93701
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Frequently Asked Questions
What type of property is this?
Flex space - Two freestanding warehouse buildings totaling about 23,200 SF sit on a 38,768 SF lot; the front is vacant and the rear is leased.
Where is this flex space located?
The property is located at 1808-1820 E Mckinley Ave Fresno, CA.
What is the asking price?
The asking price for this property is $1,856,000.
What are key features of this property?
This property features: Two freestanding warehouse buildings totaling approx. 23,200 SF on a 38,768± SF lot; Front building (approx. 13,000± SF) along McKinley Avenue is vacant and suited for an owner‑user or value‑add investor; Rear building (approx. 10,200± SF) is currently leased, providing in‑place income
