Multi-Building Retail and Flex
For Sale
Contact for pricing
Pending
201 N I Street, Madera, CA 93637
Two buildings on one lot offer retail-commerical space and a leased residential/commercial home with 2 car covered parking.
Property Size3,330 SF
Days on Market269
Property Features for 201 N I Street
General Information
Standard status
Pending
Size
3,330 SF
Total Parking Spaces
2
Property subtype
Special Purpose
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Century 21 Select Real Estate
Listed By:
Glenn Chu · License #CA
Source:
Crexi
Added: Dec 10, 2025
Changed: Aug 8
Last Checked: Jul 24 at 3:13PM
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 Century 21 Select Real Estate
Investment Insights
Based on property information with market context.
The property consists of two buildings on a single lot. Building One is a retail/commercial building currently owner-occupied as a flower shop, with open customer/retail areas, workspace, storage, and an attached 2-car tandem covered carport. Building Two is a residential/commercial structure currently leased on a month-to-month agreement and used as an ambulance crew ready station.
Building Two is described as a 3-bedroom, 2-bath home, and it is leased to American Ambulance. The combination of an operating retail use plus an existing month-to-month lease provides a built-in income component.
For buyers seeking flexibility, the offering presents a mixed-use configuration with both commercial presence and a separately leased building, allowing for continued use under current arrangements or alternative plans subject to buyer verification.
Building Two is described as a 3-bedroom, 2-bath home, and it is leased to American Ambulance. The combination of an operating retail use plus an existing month-to-month lease provides a built-in income component.
For buyers seeking flexibility, the offering presents a mixed-use configuration with both commercial presence and a separately leased building, allowing for continued use under current arrangements or alternative plans subject to buyer verification.
Key Highlights
- Two buildings on one lot: approx. 2,144 sq. ft. retail/commercial and approx. 1,476 sq. ft. residential/commercial
- Building 1 is owner‑occupied as a retail flower shop and includes open retail/customer areas, workspace, storage, and attached 2‑car tandem covered carport
- Building 2 is a 3‑bedroom, 2‑bath home leased to American Ambulance on a month‑to‑month agreement as an ambulance crew ready station
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
$48,228
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
8.05%
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%
$964,560
$964.6K
Cap Rate 7%
$688,971
$689.0K
Cap Rate 9%
$535,867
$535.9K
Market Conditions
NOI Build-Up for 3,330 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
$89.9K $27.00/SF
− Vacancy
−$9.5K −$2.86/SF
EGI
$80.4K $24.14/SF
− OpEx
−$32.2K −$9.66/SF
NOI
$48.2K $14.48/SF
Area
Madera County, CA
Vacancy
10.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$964,560
Cap Rate 7%
$688,971
Cap Rate 9%
$535,867
Alternative Uses
Best Use
Retail
$972.2K
$850.7K – $1.13M
NOI $68,054 @ 7.0% cap · market cap 11.36%
Second Best
Healthcare Medical
$689.0K
$602.9K – $803.8K
NOI $48,228 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,208 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
122k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 8%
Electronics 3%
Hotels & Casinos 2%
Dollar Tree
Shops & Services
17,827 visits/mo
0.5 miles
Wells Fargo
Shops & Services
16,093 visits/mo
0.4 miles
EECU
Shops & Services
11,596 visits/mo
0.1 miles
Dollar General
Shops & Services
11,227 visits/mo
0.3 miles
ARCO
Shops & Services
10,510 visits/mo
0.3 miles
Demographics for 93637, CA
40,202
Population
12,918
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
70%
High-School Grad
280.4 sq mi
ZIP Area
143
Density / Sq Mi
$74,621
Median Household Income
$36,057
Median Earnings
$1,345
Median Rent
$369,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two buildings on one lot offer retail-commerical space and a leased residential/commercial home with 2 car covered parking.
Where is this retail space located?
The property is located at 201 N I Street Madera, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two buildings on one lot: approx. 2,144 sq. ft. retail/commercial and approx. 1,476 sq. ft. residential/commercial; Building 1 is owner‑occupied as a retail flower shop and includes open retail/customer areas, workspace, storage, and attached 2‑car tandem covered carport; Building 2 is a 3‑bedroom, 2‑bath home leased to American Ambulance on a month‑to‑month agreement as an ambulance crew ready station
