Back to Search

Two-Building Industrial Compound

23297 23297 Ave 88 Terra Bella, CA 93270

23297 23297 Ave 88, Terra Bella, CA, 93270

$799,999

For Sale

$799,999

4.62-acre industrial compound with two standalone buildings, heavy-duty rolling doors, and a four-parcel split pathway.

Property Size3,880 SF

Lot Size4.62 Acres

Price / SF$206.19

AddedJun 26

Days on Market21

Last RefreshJul 15 at 8:55 pm

Property Features for 23297 23297 Ave 88

General Information

Standard status: Active
Size: 3,880 SF
Lot size: 4.62 Acres

Listing office Zenna Enterprises

Listing date Jun 26, 2026

Source Exprealty

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 Zenna Enterprises

Investment Insights

Based on property information with market context.

Set on 4.62 acres, this industrial compound includes two standalone buildings totaling approximately 6,000 SF. Both buildings are outfitted with heavy-duty rolling doors. Building 1 is currently leased for approximately 2,500 SF and is described as month-to-month, providing the option to keep it occupied or transition to vacancy. Building 2 is delivered vacant and is approximately 3,500 SF, suited for immediate owner-user operation or separate leasing.

The property is located on Hwy 65 at 23297 Avenue 88 in Terra Bella, CA 93270. The offering also notes freeway signage on the property. In addition, the site is in the final stage of Tulare County approval to split into four separate parcels, offering a framework for subdividing the industrial compound.

For tenants and owner-users, the current setup supports flexible occupancy: an income-producing leased building alongside a vacant building that can be tailored to operational needs. For buyers evaluating a development or phased approach, the stated four-parcel split approval process may support future strategies involving separate ownership of the resulting parcels.

Key Highlights

4.62‑acre industrial compound on Hwy 65 with two standalone industrial buildings totaling approx. 6,000 SF
Building 1: approx. 2,500 SF leased for $1,800/month on a month‑to‑month basis
Building 2: approx. 3,500 SF delivered vacant for owner‑user or lease‑up

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.9k	$9.00
− Vacancy	−$2.7k	−$0.68
EGI	$32.3k	$8.32
− OpEx	−$4.8k	−$1.25
NOI	$27.4k	$7.07

3,880 SF · lease $9.00/SF/yr · vacancy 7.59% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$391.8K

$342.9K – $457.2K (±1% cap)

NOI $27,429 @ 7.0% cap · market cap 3.43%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,499 @ 7.0% cap · market cap 10.31%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

WPI Water Resources ... Construction Company California Marble & Granite Building Supply big dog drilling Construction Company

Suggested Use

For sale
Warehouses
CA
Terra Bella
93270
23297 23297 Ave 88

What type of property is this?

Warehouse - 4.62-acre industrial compound with two standalone buildings, heavy-duty rolling doors, and a four-parcel split pathway.

Where is this warehouse located?

The property is located at 23297 23297 Ave 88 Terra Bella, CA.

What is the asking price?

The asking price for this property is $799,999.

What are key features of this property?

This property features: 4.62‑acre industrial compound on Hwy 65 with two standalone industrial buildings totaling approx. 6,000 SF; Building 1: approx. 2,500 SF leased for $1,800/month on a month‑to‑month basis; Building 2: approx. 3,500 SF delivered vacant for owner‑user or lease‑up