Steel Warehouse With Expansion
For Sale
Contact for pricing
2021 E Home Avenue, Fresno, CA 93703
Steel industrial building with roll-up access, office space, open storage, and additional commercial land.
Property Size2,400 SF
Price / SF$291.67
Days on Market53
Property Features for 2021 E Home Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Special Purpose
Site & Location
Neighborhood
Mclane
Building Details
Buildings
1
Building Size
2,400 SF
Construction
steel
Listing Agency:
Century 21 Cheney Enterprises
Listed By:
Greg Cheney · License #01711619
Source:
Crexi
Added: Sep 5
Changed: Oct 26
Last Checked: Oct 26 at 3:51PM
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 Cheney Enterprises
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Investment Insights
Based on property information with market context.
Located at 2021 E Home Avenue in Fresno, California, this industrial property includes an approximately 2,400-square-foot steel warehouse on just under 1 acre of commercial land. The building offers an open bay area, two large roll-up doors, and a separate office, providing a practical layout for storage, fabrication, equipment use, or other industrial operations supported by the existing improvements.
Plans are in place for an additional approximately 12,000-square-foot steel building, creating a defined path for future expansion. The property also includes usable yard area beyond the existing structure. Listed uses in the property information include automotive operations, contracting, manufacturing or fabrication, and equipment or material storage.
Plans are in place for an additional approximately 12,000-square-foot steel building, creating a defined path for future expansion. The property also includes usable yard area beyond the existing structure. Listed uses in the property information include automotive operations, contracting, manufacturing or fabrication, and equipment or material storage.
Key Highlights
- Approximately 2,400 sq. ft. steel warehouse on just under 1 acre of commercial land
- Two large roll‑up doors serve the open bay area
- Separate office included within the warehouse building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,011
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,220
$640.2K
Cap Rate 7%
$457,300
$457.3K
Cap Rate 9%
$355,678
$355.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$51.8K $21.60/SF
− Vacancy
−$2.6K −$1.08/SF
EGI
$49.2K $20.52/SF
− OpEx
−$17.2K −$7.18/SF
NOI
$32.0K $13.34/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,220
Cap Rate 7%
$457,300
Cap Rate 9%
$355,678
Alternative Uses
Best Use
Flex RnD
$457.3K
$400.1K – $533.5K
NOI $32,011 @ 7.0% cap · market cap 4.57%
Second Best
Warehouse
$305.9K
$267.7K – $356.9K
NOI $21,412 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,507 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Balanced
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Steel industrial building with roll-up access, office space, open storage, and additional commercial land.
Where is this warehouse located?
The property is located at 2021 E Home Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Approximately 2,400 sq. ft. steel warehouse on just under 1 acre of commercial land; Two large roll‑up doors serve the open bay area; Separate office included within the warehouse building
