Industrial Business
For Sale
Contact for pricing
1920 Foundry Court, Ceres, CA 95307
M-2 General Industrial zoning with immediate access to Hwy 99 supports the property’s industrial profile.
Property Size37,441 SF
Price / SF$180.42
Days on Market12
Property Features for 1920 Foundry Court
General Information
Standard status
Active
Size
37,441 SF
Property subtype
Mixed Use
Zoning
M-2
Occupancy
95%
Net Operating Income
$405,525
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
2
Tenancy
Multi
Listing Agency:
Hanley Investment Group
(949) 585-7644
Listed By:
Brad Dessy · License #CA 02042533
Source:
Crexi
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 29 at 12:57AM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
This industrial property is part of Foundry Court Business Park and contains 37,441 SF of industrial space. The asset is 95% leased, providing an established occupancy profile, while its M-2 General Industrial zoning identifies the applicable land-use designation.
Located at 1920 Foundry Ct in Ceres, California, the property offers immediate access to Hwy 99. The offering combines industrial space, current leasing activity, general industrial zoning, and highway access within a business park setting.
Located at 1920 Foundry Ct in Ceres, California, the property offers immediate access to Hwy 99. The offering combines industrial space, current leasing activity, general industrial zoning, and highway access within a business park setting.
Key Highlights
- 37,441 SF of industrial space
- 95% leased
- M‑2 General Industrial zoning
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
$272,675
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
4.04%
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%
$5,453,500
$5.5M
Cap Rate 7%
$3,895,357
$3.9M
Cap Rate 9%
$3,029,722
$3.0M
Market Conditions
NOI Build-Up for 37,441 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
$337.0K $9.00/SF
− Vacancy
−$16.2K −$0.43/SF
EGI
$320.8K $8.57/SF
− OpEx
−$48.1K −$1.29/SF
NOI
$272.7K $7.28/SF
Area
Stanislaus County, CA
Vacancy
4.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$5,453,500
Cap Rate 7%
$3,895,357
Cap Rate 9%
$3,029,722
Alternative Uses
Best Use
Warehouse
$3.90M
$3.41M – $4.54M
NOI $272,675 @ 7.0% cap · market cap 4.04%
Second Best
Industrial
$3.21M
$2.81M – $3.74M
NOI $224,556 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$17.40M
$15.23M – $20.30M
NOI $1,218,156 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 95307, CA
46,346
Population
13,221
Households
3.5
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
32.8 sq mi
ZIP Area
1,413
Density / Sq Mi
$77,101
Median Household Income
$37,567
Median Earnings
$1,455
Median Rent
$402,300
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?
Industrial property - M-2 General Industrial zoning with immediate access to Hwy 99 supports the property’s industrial profile.
Where is this industrial property located?
The property is located at 1920 Foundry Court Ceres, CA.
What is the asking price?
The asking price for this property is $6,755,000.
What are key features of this property?
This property features: 37,441 SF of industrial space; 95% leased; M‑2 General Industrial zoning
