Flex Office-Warehouse
For Sale
Contact for pricing
2727 N Grove Industrial Dr, Fresno, CA 93727
Flex space offering office and warehouse-style areas totaling 6,200 square feet for sale.
Property Size6,200 SF
Price / SF$80.65
Days on Market217
Property Features for 2727 N Grove Industrial Dr
General Information
Standard status
Active
Size
6,200 SF
Property subtype
INDUSTRIAL
Listing Agency:
SVN | Clovis Commercial
(559) 400-0830
Listed By:
Cameron Graham · License #01970844
(559) 289-6064
Source:
Moodyscre
Added: Feb 13
Changed: Sep 13
Last Checked: Sep 16 at 8:42PM
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 SVN | Clovis Commercial
Investment Insights
Based on property information with market context.
This for-sale flex office-warehouse property includes a mix of office space and warehouse-style improvements within a total size of 6,200 square feet.
The property is located at 2727 N Grove Industrial Dr in Fresno, CA 93727, supporting a flexible setup for businesses seeking both work area and storage/operations space in one facility.
Offered as a single commercial asset, the configuration is suited to tenants or owner-users looking to combine office functions with warehouse needs under one roof.
The property is located at 2727 N Grove Industrial Dr in Fresno, CA 93727, supporting a flexible setup for businesses seeking both work area and storage/operations space in one facility.
Offered as a single commercial asset, the configuration is suited to tenants or owner-users looking to combine office functions with warehouse needs under one roof.
Key Highlights
- Flex space for sale with a total of 6,200 SF
- Includes office and warehouse‑style areas
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
$44,404
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
8.88%
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%
$888,080
$888.1K
Cap Rate 7%
$634,343
$634.3K
Cap Rate 9%
$493,378
$493.4K
Market Conditions
NOI Build-Up for 6,200 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
$66.2K $10.68/SF
− Vacancy
−$2.8K −$0.45/SF
EGI
$63.4K $10.23/SF
− OpEx
−$19.0K −$3.07/SF
NOI
$44.4K $7.16/SF
Area
ZIP 93727
Vacancy
4.20%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
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%
$888,080
Cap Rate 7%
$634,343
Cap Rate 9%
$493,378
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,520 @ 7.0% cap · market cap 19.30%
Second Best
Warehouse
$770.3K
$674.0K – $898.7K
NOI $53,920 @ 7.0% cap · market cap 10.78%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,006 @ 7.0% cap · market cap 24.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93727, CA
83,212
Population
25,919
Households
3.2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
22.0 sq mi
ZIP Area
3,782
Density / Sq Mi
$82,247
Median Household Income
$42,002
Median Earnings
$1,277
Median Rent
$370,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space offering office and warehouse-style areas totaling 6,200 square feet for sale.
Where is this flex space located?
The property is located at 2727 N Grove Industrial Dr Fresno, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Flex space for sale with a total of 6,200 SF; Includes office and warehouse‑style areas
