Heavy Industrial Pole
2161 L Street Newman, CA 95360
2161 L Street, Newman, CA, 95360
$1,750,000
For Sale
$1,750,000
Heavy industrial zoned pole barn with an open layout, breakroom with restroom, and enclosed storage on 3.36 acres.
Property Size13,080 SF
Lot Size3.36 Acres
Price / SF$133.79
Days on Market70
Property Features for 2161 L Street
General Information
- Standard status
- Active
- Size
- 13,080 SF
- Lot size
- 3.36 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2016
Listing agency
PMZ Real Estate
(209) 535-3680
Listed by
Tracee L. Storms · License #01219524
(209) 535-3680
Source
Exitrealty
Added: May 14 Updated: Jul 21 at 2:55PM Checked: Jul 21 at 2:55PM
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 PMZ Real Estate
Investment Insights
Based on property information with market context.
This heavy industrial zoned property features a 13,080 sq. ft. pole barn with a versatile open layout designed to support manufacturing, storage, or equipment operations. The building also includes a small enclosed storage area and a breakroom with restroom for employee convenience.
Set on 3.36 acres, the site provides ample outdoor space that can support yard storage and parking, along with room for potential future expansion. The configuration is well suited for contractors, logistics, and other industrial users looking for an adaptable, functional facility with space to grow.
Set on 3.36 acres, the site provides ample outdoor space that can support yard storage and parking, along with room for potential future expansion. The configuration is well suited for contractors, logistics, and other industrial users looking for an adaptable, functional facility with space to grow.
Key Highlights
- 13,080 sq. ft. pole barn built in 2016 with an open layout for manufacturing, storage, or equipment operations
- Heavy industrial zoned property with a small enclosed storage area
- Includes a breakroom with restroom
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $235.4k | $18.00 |
| − Vacancy | −$11.3k | −$0.86 |
| EGI | $224.1k | $17.14 |
| − OpEx | −$78.4k | −$6.00 |
| NOI | $145.7k | $11.14 |
13,080 SF · lease $18.00/SF/yr · vacancy 4.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.08M
$1.82M – $2.43M
NOI $145,690 @ 7.0% cap · market cap 8.33%
Second Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,259 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$6.08M
$5.32M – $7.09M
NOI $425,563 @ 7.0% cap · market cap 24.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Heavy industrial zoned pole barn with an open layout, breakroom with restroom, and enclosed storage on 3.36 acres.
Where is this flex space located?
The property is located at 2161 L Street Newman, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 13,080 sq. ft. pole barn built in 2016 with an open layout for manufacturing, storage, or equipment operations; Heavy industrial zoned property with a small enclosed storage area; Includes a breakroom with restroom
