Multi-Tenant Flex Industrial
For Sale
Contact for pricing
2662-2680 E Church Ave, Fresno, CA 93706
Three suites combine warehouse and office configurations with truck circulation, roll-up doors, and heavy-industrial zoning.
Property Size22,080 SF
Lot Size1.26 Acres
Price / SF$106.43
Days on Market428
Property Features for 2662-2680 E Church Ave
General Information
Standard status
Active
Size
22,080 SF
Lot size
1.26 Acres
Property subtype
INDUSTRIAL
Zoning
IH
Additional Details
Highway Access
Yes
Three-Phase Power
Yes
Building Details
Buildings
1
Building Size
22,080 SF
Construction
tilt-up concrete
Tenancy
Multi
Listing Agency:
Stumpf and Company Real Estate
(559) 222-3058
Listed By:
Alex Stumpf · License #DRELIC.#01877984
(559) 222-3058
Source:
Moodyscre
Added: Jun 30, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:34PM
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 Stumpf and Company Real Estate
Investment Insights
Based on property information with market context.
This ±22,080-square-foot flex industrial facility is arranged as three suites within a concrete tilt-up building. The property offers adaptable warehouse and office layouts, roll-up doors, loft storage, heating and cooling units, and drive-through truck access. Each suite includes 3-phase, 200-amp power. The roof was recoated in May 2025.
Positioned along Freeway 99 at 2662-2680 E Church Ave in Fresno, the property occupies ±1.26 acres within a logistics-oriented industrial corridor. Heavy Industrial (IH) zoning supports the stated potential for distribution, warehousing, light manufacturing, and fabrication uses.
The asset is offered for sale or lease and provides a combination of divisible suite configuration, industrial power, truck access, and office support areas for owner-users, tenants, or investors.
Positioned along Freeway 99 at 2662-2680 E Church Ave in Fresno, the property occupies ±1.26 acres within a logistics-oriented industrial corridor. Heavy Industrial (IH) zoning supports the stated potential for distribution, warehousing, light manufacturing, and fabrication uses.
The asset is offered for sale or lease and provides a combination of divisible suite configuration, industrial power, truck access, and office support areas for owner-users, tenants, or investors.
Key Highlights
- ±22,080 SF concrete tilt‑up industrial facility
- Three suites with warehouse and office layouts
- 3‑phase, 200‑amp power in each unit
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
$196,995
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
8.38%
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%
$3,939,900
$3.9M
Cap Rate 7%
$2,814,214
$2.8M
Cap Rate 9%
$2,188,833
$2.2M
Market Conditions
NOI Build-Up for 22,080 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
$235.8K $10.68/SF
− Vacancy
−$4.1K −$0.18/SF
EGI
$231.8K $10.50/SF
− OpEx
−$34.8K −$1.57/SF
NOI
$197.0K $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%
$3,939,900
Cap Rate 7%
$2,814,214
Cap Rate 9%
$2,188,833
Alternative Uses
Best Use
Flex RnD
$4.21M
$3.68M – $4.91M
NOI $294,503 @ 7.0% cap · market cap 12.53%
Second Best
Warehouse
$2.81M
$2.46M – $3.28M
NOI $196,995 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$6.51M
$5.69M – $7.59M
NOI $455,466 @ 7.0% cap · market cap 19.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93706, CA
40,965
Population
12,239
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
62%
High-School Grad
158.5 sq mi
ZIP Area
258
Density / Sq Mi
$40,023
Median Household Income
$28,495
Median Earnings
$1,129
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three suites combine warehouse and office configurations with truck circulation, roll-up doors, and heavy-industrial zoning.
Where is this flex space located?
The property is located at 2662-2680 E Church Ave Fresno, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: ±22,080 SF concrete tilt‑up industrial facility; Three suites with warehouse and office layouts; 3‑phase, 200‑amp power in each unit
