Warehouse with Rear
2024 E LEWIS Street, Fresno, CA 93701
For Sale
$250,000
Commercial, Fresno, CA
Property Size2,800 SF
Lot Size0.07 Acres
Price / SF$89.29
Days on Market85
Property Features for 2024 E LEWIS Street
General Information
Property type
Property subtype
Zoning description
Exterior features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Building Details
Year built
Floors in Building
Flooring type
Roof type
Listing Agency:
Adanalian & Vasquez Real Estate, Inc.
(559) 244-6000
Listed By:
Sandra Sparesus-Killian · License CA #01271477
(559) 284-4412
Added: Aug 22
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 654129
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.
This 2,800-square-foot warehouse property dates to 1979 and sits on a 0.0746-acre lot. The building has concrete-block exterior construction, concrete flooring, and a metal roof. A woodworking business currently occupies the primary space under a month-to-month tenancy, and a second unit is positioned at the rear. The property has two separate meters.
The site is zoned RM1. The property is located in Fresno, California.
The site is zoned RM1. The property is located in Fresno, California.
Key Highlights
- 2,800‑square‑foot warehouse on a 0.0746‑acre lot
- Rear unit provides a separate second space
- Two separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,573
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,460
$411.5K
Cap Rate 7%
$293,900
$293.9K
Cap Rate 9%
$228,589
$228.6K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$29.9K $10.68/SF
− Vacancy
−$514 −$0.18/SF
EGI
$29.4K $10.50/SF
− OpEx
−$8.8K −$3.15/SF
NOI
$20.6K $7.35/SF
Area
Fresno, CA
Vacancy
1.72%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,460
Cap Rate 7%
$293,900
Cap Rate 9%
$228,589
Alternative Uses
Best Use
Warehouse
$356.9K
$312.3K – $416.4K
NOI $24,981 @ 7.0% cap · market cap 9.99%
Second Best
Industrial
$293.9K
$257.2K – $342.9K
NOI $20,573 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$825.1K
$722.0K – $962.6K
NOI $57,758 @ 7.0% cap · market cap 23.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
Median Home Value
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Market
Average Price Trend$/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 - An existing woodworking operation occupies the main space, with a separate rear unit and two utility meters.
Where is this warehouse located?
The property is located at 2024 E LEWIS Street Fresno, CA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,800‑square‑foot warehouse on a 0.0746‑acre lot; Rear unit provides a separate second space; Two separate meters
