Two-Building Industrial
New
For Sale
$399,900
2806 Wishon Avenue, Fresno, CA 93704
Corner-lot asset with separate structures and addresses under one APN.
Property Size2,292 SF
Price / SF$174.48
Days on Market7
Property Features for 2806 Wishon Avenue
General Information
Standard status
Active
Size
2,292 SF
Property subtype
Industrial
Amenities
3
CC
Building Details
Year Built
1947
Buildings
2
Listing Agency:
Universal Realty Services, Inc
(714) 360-8272
Listed By:
Susana Casas Pelayo
(714) 360-8272
Source:
Xome
Added: Aug 10
Changed: Aug 16
Last Checked: Aug 16 at 3:31AM
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 Universal Realty Services, Inc
Investment Insights
Based on property information with market context.
Located at 2806 Wishon Avenue in Fresno, this industrial property contains 2,292 square feet across two separate buildings. The structures carry separate addresses while remaining together on one APN, providing a distinct physical configuration for the asset. The property was built in 1947.
The site occupies a corner lot near the intersection of Shields Avenue and Maroa Avenue in Fresno, California. Its two-building layout and separate addressing are the primary defining features of the property.
The site occupies a corner lot near the intersection of Shields Avenue and Maroa Avenue in Fresno, California. Its two-building layout and separate addressing are the primary defining features of the property.
Key Highlights
- 2,292‑square‑foot industrial property
- Two separate buildings on one APN
- Separate addresses for the buildings
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
$16,840
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
4.21%
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%
$336,800
$336.8K
Cap Rate 7%
$240,571
$240.6K
Cap Rate 9%
$187,111
$187.1K
Market Conditions
NOI Build-Up for 2,292 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
$24.5K $10.68/SF
− Vacancy
−$421 −$0.18/SF
EGI
$24.1K $10.50/SF
− OpEx
−$7.2K −$3.15/SF
NOI
$16.8K $7.35/SF
Area
Fresno, CA
Vacancy
1.72%
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%
$336,800
Cap Rate 7%
$240,571
Cap Rate 9%
$187,111
Alternative Uses
Best Use
Industrial
$240.6K
$210.5K – $280.7K
NOI $16,840 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$675.4K
$591.0K – $788.0K
NOI $47,279 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 93704, CA
28,573
Population
12,165
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
5,291
Density / Sq Mi
$69,659
Median Household Income
$45,965
Median Earnings
$1,392
Median Rent
$366,000
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?
Industrial property - Corner-lot asset with separate structures and addresses under one APN.
Where is this industrial property located?
The property is located at 2806 Wishon Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,292‑square‑foot industrial property; Two separate buildings on one APN; Separate addresses for the buildings
