Steel Warehouse with
2021 E Home Avenue, Fresno, CA 93703
For Sale
$700,000
Commercial, Fresno, CA
Property Size2,400 SF
Lot Size0.90 Acres
Price / SF$291.67
Days on Market73
Property Features for 2021 E Home Avenue
General Information
Property type
Property subtype
Zoning description
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Building Details
Year built
Floors in Building
Flooring type
Roof type
Buildings
Listing Agency:
Century 21 Cheney Enterprises · Century 21 Real Estate
Listed By:
Gregory Cheney · License CA #01711619
(559) 875-7521
Added: Sep 3
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 654767
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2023, this 2,400-square-foot steel warehouse and shop sits on a 0.8953-acre parcel. The interior includes an open bay and a separate office, with two roll-up doors for access. Concrete flooring and a metal roof round out the building’s physical features.
The property is located at 2021 E Home Avenue in Fresno, California. The land area provides room beyond the existing building, and plans are in place for a proposed additional 12,000-square-foot steel structure.
The property is located at 2021 E Home Avenue in Fresno, California. The land area provides room beyond the existing building, and plans are in place for a proposed additional 12,000-square-foot steel structure.
Key Highlights
- 2023‑built, 2,400‑square‑foot steel warehouse and shop
- 0.8953‑acre parcel
- Two roll‑up doors serving an open bay
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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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
$250,200
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Fresno, CA
Properties on Market for Warehouses in Fresno
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - A two-door shop pairs an open work bay with a separate office and nearly an acre of 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: 2023‑built, 2,400‑square‑foot steel warehouse and shop; 0.8953‑acre parcel; Two roll‑up doors serving an open bay
