Industrial Warehouse
For Sale
Contact for pricing
Pending
281 W Merced St, Dinuba, CA 93618
Industrial warehouse space in Dinuba offered for sale at 281 W Merced Street, positioned for central access.
Property Size12,952 SF
Days on Market670
Property Features for 281 W Merced St
General Information
Standard status
Pending
Size
12,952 SF
Class
B
Property subtype
Industrial
Zoning
C-4
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$125,783
Building Details
Year Built
1989
Buildings
2
Units
4
Tenancy
Multi
Listing Agency:
Valley Land & Investment Company
Listed By:
Ron Kusch · License #CA 00945565
Source:
Crexi
Added: Nov 7, 2024
Changed: Sep 8
Last Checked: Sep 7 at 11:58AM
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 Valley Land & Investment Company
Investment Insights
Based on property information with market context.
Industrial/warehouse space at 281 W Merced Street in Dinuba is offered for sale and suited for businesses looking for a central operating base. The property is described as well-situated within the heart of Dinuba, supporting convenient day-to-day access for employees and operations.
According to the provided remarks, the site is located within minutes of major local businesses and traffic routes. It is also positioned among established retailers, restaurants, and everyday amenities, creating a practical setting for companies operating in a Central Valley community.
The property is listed as approximately 1,850 square feet in size.
According to the provided remarks, the site is located within minutes of major local businesses and traffic routes. It is also positioned among established retailers, restaurants, and everyday amenities, creating a practical setting for companies operating in a Central Valley community.
The property is listed as approximately 1,850 square feet in size.
Key Highlights
- Industrial/warehouse space for sale at 281 W Merced Street in Dinuba
- Central Dinuba location with access to major local businesses and traffic routes
- Surrounded by established retailers, restaurants, and everyday amenities
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
$91,562
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
6.15%
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%
$1,831,240
$1.8M
Cap Rate 7%
$1,308,029
$1.3M
Cap Rate 9%
$1,017,356
$1.0M
Market Conditions
NOI Build-Up for 12,952 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
$116.6K $9.00/SF
− Vacancy
−$8.8K −$0.68/SF
EGI
$107.7K $8.32/SF
− OpEx
−$16.2K −$1.25/SF
NOI
$91.6K $7.07/SF
Area
Tulare County, CA
Vacancy
7.59%
Lease Rate
$9.00 /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%
$1,831,240
Cap Rate 7%
$1,308,029
Cap Rate 9%
$1,017,356
Alternative Uses
Best Use
Warehouse
$1.31M
$1.14M – $1.53M
NOI $91,562 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.59M
NOI $275,392 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93618, CA
30,709
Population
9,040
Households
3.4
Avg Household Size
30
Median Age
14%
College-Educated
71%
High-School Grad
66.9 sq mi
ZIP Area
459
Density / Sq Mi
$63,190
Median Household Income
$31,976
Median Earnings
$1,125
Median Rent
$272,600
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?
Warehouse - Industrial warehouse space in Dinuba offered for sale at 281 W Merced Street, positioned for central access.
Where is this warehouse located?
The property is located at 281 W Merced St Dinuba, CA.
What is the asking price?
The asking price for this property is $1,489,000.
What are key features of this property?
This property features: Industrial/warehouse space for sale at 281 W Merced Street in Dinuba; Central Dinuba location with access to major local businesses and traffic routes; Surrounded by established retailers, restaurants, and everyday amenities
