Freestanding Warehouse with Large
New
For Sale
$525,000
211 M St, Fresno, CA 93721
Office and warehouse improvements with fenced outdoor storage, trailer maneuvering, and flexible light-industrial functionality.
Property Size4,364 SF
Lot Size0.33 Acres
Price / SF$120.30
Days on Market3
Property Features for 211 M St
General Information
Standard status
Active
Size
4,364 SF
Lot size
0.33 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
13.75 ft
Clear Span
Yes
Drive-In Doors
1
Power
120 amps
Voltage
480 V
Three-Phase Power
Yes
Building Details
Building Size
4,364 SF
Year Built
1961
Buildings
1
Listing Agency:
KW Commercial - Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 705-1000
Source:
Thebrokerlist
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 4:34AM
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 KW Commercial - Central California
Investment Insights
Based on property information with market context.
This freestanding warehouse property includes approximately 4,364 SF of office and industrial space on a paved, fenced lot of approximately 14,500 SF. The interior offers an open showroom, clear-span warehouse area, and adaptable configuration for distribution, manufacturing, storage, and other light industrial operations. Building features include approximately 13’ 9” of clear height, an 11’ x 8’ ground-level door, and 120-amp, 480V, 3-phase electrical service. A full remodel is scheduled for August 2026.
The outdoor area supports pull-through circulation, trailer parking, truck maneuvering, and exterior storage. The property is in downtown Fresno with access to CA-41, CA-99, and CA-180, and is approximately 14 minutes from Fresno Yosemite International Airport. Its location is positioned near the CA-41 and Van Ness Avenue interchange and within the broader San Joaquin Valley industrial market.
The outdoor area supports pull-through circulation, trailer parking, truck maneuvering, and exterior storage. The property is in downtown Fresno with access to CA-41, CA-99, and CA-180, and is approximately 14 minutes from Fresno Yosemite International Airport. Its location is positioned near the CA-41 and Van Ness Avenue interchange and within the broader San Joaquin Valley industrial market.
Key Highlights
- ±4,364 SF office/warehouse building
- ±14,500 SF paved and fenced lot
- ±13’ 9” clear height with an 11’ x 8’ ground‑level door
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
$38,935
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
7.42%
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%
$778,700
$778.7K
Cap Rate 7%
$556,214
$556.2K
Cap Rate 9%
$432,611
$432.6K
Market Conditions
NOI Build-Up for 4,364 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
$46.6K $10.68/SF
− Vacancy
−$802 −$0.18/SF
EGI
$45.8K $10.50/SF
− OpEx
−$6.9K −$1.57/SF
NOI
$38.9K $8.92/SF
Area
Fresno, CA
Vacancy
1.72%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
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%
$778,700
Cap Rate 7%
$556,214
Cap Rate 9%
$432,611
Alternative Uses
Best Use
Flex RnD
$831.5K
$727.6K – $970.1K
NOI $58,207 @ 7.0% cap · market cap 11.09%
Second Best
Warehouse
$556.2K
$486.7K – $648.9K
NOI $38,935 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,021 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,162
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93721, CA
7,899
Population
2,621
Households
3
Avg Household Size
35
Median Age
12%
College-Educated
69%
High-School Grad
2.0 sq mi
ZIP Area
3,950
Density / Sq Mi
$32,602
Median Household Income
$26,746
Median Earnings
$915
Median Rent
$219,000
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Office and warehouse improvements with fenced outdoor storage, trailer maneuvering, and flexible light-industrial functionality.
Where is this warehouse located?
The property is located at 211 M St Fresno, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: ±4,364 SF office/warehouse building; ±14,500 SF paved and fenced lot; ±13’ 9” clear height with an 11’ x 8’ ground‑level door
