Multi-Tenant Industrial Warehouse
For Sale
Contact for pricing
2889 N Larkin Ave., Fresno, CA 93727
Fully leased warehouse property with two adjacent buildings and M-1 light industrial zoning.
Property Size26,349 SF
Lot Size1.90 Acres
Price / SF$123.34
Days on Market60
Property Features for 2889 N Larkin Ave.
General Information
Standard status
Active
Size
26,349 SF
Class
B
Lot size
1.90 Acres
Property subtype
Industrial
Zoning
M-1 (Light Industrial)
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Core+
Net Operating Income
$197,540
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
ALIVE Commercial Real Estate
Listed By:
Trent Carvolth · License #CA 01713737
(619) 909-0681
Source:
Crexi
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 16 at 6:19AM
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 ALIVE Commercial Real Estate
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Investment Insights
Based on property information with market context.
This warehouse portfolio includes two adjacent buildings totaling approximately 26,349 square feet on approximately 1.9 acres. The multi-tenant property is fully leased and operates under M-1 (Light Industrial) zoning, with dedicated yard areas serving the industrial improvements.
The property is located at 2889 N. Larkin Ave. in Fresno, near Fresno Yosemite International Airport. Regional access is available through Highways 168, 180, and 41, providing connectivity to the surrounding industrial market and broader Fresno area.
The property is located at 2889 N. Larkin Ave. in Fresno, near Fresno Yosemite International Airport. Regional access is available through Highways 168, 180, and 41, providing connectivity to the surrounding industrial market and broader Fresno area.
Key Highlights
- Two adjacent warehouse buildings totaling approximately 26,349 square feet
- Approximately 1.9 acres in Fresno's Northeast Industrial Submarket
- Fully leased multi‑tenant industrial property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,150
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,583,000
$4.6M
Cap Rate 7%
$3,273,571
$3.3M
Cap Rate 9%
$2,546,111
$2.5M
Market Conditions
NOI Build-Up for 26,349 SF
Gross rent
$281.4K $10.68/SF
− Vacancy
−$11.8K −$0.45/SF
EGI
$269.6K $10.23/SF
− OpEx
−$40.4K −$1.53/SF
NOI
$229.1K $8.70/SF
Area
ZIP 93727
Vacancy
4.20%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,583,000
Cap Rate 7%
$3,273,571
Cap Rate 9%
$2,546,111
Alternative Uses
Best Use
Warehouse
$3.27M
$2.86M – $3.82M
NOI $229,150 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.47M
$6.53M – $8.71M
NOI $522,757 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Well-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
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- CubeSmart Self Storage — 2612 N Clovis Ave, Fresno, CA 93727
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- Clovis Ave Self Storage — 2970 N Clovis Ave, Fresno, CA 93727
- Quality RV Storage — 2891 N Argyle Ave, Fresno, CA 93727
- The Movers Now — 5746 E Shields Ave STE 103, Fresno, CA 93727
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased warehouse property with two adjacent buildings and M-1 light industrial zoning.
Where is this warehouse located?
The property is located at 2889 N Larkin Ave. Fresno, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two adjacent warehouse buildings totaling approximately 26,349 square feet; Approximately 1.9 acres in Fresno's Northeast Industrial Submarket; Fully leased multi‑tenant industrial property
