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$166.77
Days on Market58
Property Features for 1920 Foundry Court
General Information
Standard status
Active
Size
37,441 SF
Property subtype
Industrial
Zoning
M-2
Occupancy
95%
Lease Type
Net
Investment Type
Value Add
Net Operating Income
$405,525
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
2
Tenancy
Multi
Listing Agency:
Hanley Investment Group
Listed By:
Brad Dessy · License #CA 02042533
(949) 585-7644
Source:
Crexi
Added: Aug 19
Changed: Oct 14
Last Checked: Oct 14 at 11:31PM
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 / Yr
$272,675
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
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
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 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 4.37%
Second Best
Industrial
$3.21M
$2.81M – $3.74M
NOI $224,556 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$17.40M
$15.23M – $20.30M
NOI $1,218,156 @ 7.0% cap · market cap 19.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $6,244,000.
What are key features of this property?
This property features: 37,441 SF of industrial space; 95% leased; M‑2 General Industrial zoning
