Industrial Warehouse with Roll-Up
For Sale
$495,000
2748 E Hamilton Avenue, Fresno, CA 93721
Industrial warehouse for sale featuring two roll-up doors and IH Heavy Industrial zoning in Fresno.
Property Size3,225 SF
Price / SF$153.49
Days on Market165
Property Features for 2748 E Hamilton Avenue
General Information
Standard status
Active
Size
3,225 SF
Property subtype
Commercial/Industrial
Zoning
IH
Building Details
Year Built
1920
Listing Agency:
Central California Real Estate Pros
(559) 432-5533
Listed By:
Jared Martin · License #01319553
(559) 320-0611
Source:
Exitrealty
Added: Mar 26
Changed: Sep 2
Last Checked: Sep 6 at 5:48AM
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 Central California Real Estate Pros
Investment Insights
Based on property information with market context.
This industrial warehouse for sale includes two roll-up doors, offering straightforward access for loading and unloading. The site is described as suitable for heavy industrial activities that may generate off-site impacts when properly buffered from sensitive uses, supporting a range of warehousing and operational needs.
The property is located at 2748 E Hamilton Ave in Fresno and is zoned IH (Heavy Industrial). According to the City of Fresno, IH is among the most flexible and permissive industrial zoning designations and may support a broad range of industrial, manufacturing, and logistics operations.
The provided zoning information also lists potential uses that can include warehousing and distribution, distribution centers, freight and truck terminals, and large-scale logistics operations, along with certain industrial, manufacturing, and related commercial and service uses. Buyer note: permitted uses may include specific limitations, conditions, and development standards, so the City of Fresno Planning Division should be consulted to confirm requirements for the intended use.
The property is located at 2748 E Hamilton Ave in Fresno and is zoned IH (Heavy Industrial). According to the City of Fresno, IH is among the most flexible and permissive industrial zoning designations and may support a broad range of industrial, manufacturing, and logistics operations.
The provided zoning information also lists potential uses that can include warehousing and distribution, distribution centers, freight and truck terminals, and large-scale logistics operations, along with certain industrial, manufacturing, and related commercial and service uses. Buyer note: permitted uses may include specific limitations, conditions, and development standards, so the City of Fresno Planning Division should be consulted to confirm requirements for the intended use.
Key Highlights
- Warehouse built in 1920 in downtown Fresno
- Zoned IH (Heavy Industrial), Fresno’s most flexible and permissive industrial zoning designation
- IH zoning allows a broad range of industrial and manufacturing uses, plus warehousing and distribution
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
$28,773
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
5.81%
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%
$575,460
$575.5K
Cap Rate 7%
$411,043
$411.0K
Cap Rate 9%
$319,700
$319.7K
Market Conditions
NOI Build-Up for 3,225 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
$34.4K $10.68/SF
− Vacancy
−$592 −$0.18/SF
EGI
$33.9K $10.50/SF
− OpEx
−$5.1K −$1.57/SF
NOI
$28.8K $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%
$575,460
Cap Rate 7%
$411,043
Cap Rate 9%
$319,700
Alternative Uses
Best Use
Warehouse
$411.0K
$359.7K – $479.6K
NOI $28,773 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.4K
$831.6K – $1.11M
NOI $66,525 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
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 - Industrial warehouse for sale featuring two roll-up doors and IH Heavy Industrial zoning in Fresno.
Where is this warehouse located?
The property is located at 2748 E Hamilton Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Warehouse built in 1920 in downtown Fresno; Zoned IH (Heavy Industrial), Fresno’s most flexible and permissive industrial zoning designation; IH zoning allows a broad range of industrial and manufacturing uses, plus warehousing and distribution
