Cold and Dry Storage
For Sale
$5,000,000
301 G Street, Exeter, CA 93221
Large warehouse facility offering both cold and dry storage space with included office area.
Property Size60,197 SF
Price / SF$83.06
Days on Market202
Property Features for 301 G Street
General Information
Standard status
Active
Size
60,197 SF
Property subtype
General Commercial
Amenities
3
Irregular
Building Details
Year Built
1901
Listing Agency:
(559) 334-7638
Listed By:
Schuil Ag Real Estate
(559) 334-7638
Source:
Xome
Added: Jan 21
Changed: Aug 8
Last Checked: Aug 10 at 3:02AM
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 Schuil Ag Real Estate
Investment Insights
Based on property information with market context.
This warehouse facility includes cold storage, dry storage, and office space within a single property footprint. The building totals approximately 60,197 square feet, with cold storage of about 20,152 square feet and dry storage of about 28,305 square feet, along with approximately 1,740 square feet of office space.
Water service is provided by the city of Exeter. The property is identified by Tulare County APNs 138-103-011, 138-103-007, and 138-043-006. The Public Remarks also note that the Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040, which may limit groundwater pumping; the buyer is responsible for conducting their own research regarding groundwater and surface water availability, usage rights, and potential restrictions.
The mixed cold and dry storage configuration can support operators that require temperature-sensitive storage along with general storage, while the included office space provides room for onsite administration. This is a for-sale warehouse asset where due diligence around water resources and any applicable SGMA-related limitations will be important for planning operations.
Water service is provided by the city of Exeter. The property is identified by Tulare County APNs 138-103-011, 138-103-007, and 138-043-006. The Public Remarks also note that the Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040, which may limit groundwater pumping; the buyer is responsible for conducting their own research regarding groundwater and surface water availability, usage rights, and potential restrictions.
The mixed cold and dry storage configuration can support operators that require temperature-sensitive storage along with general storage, while the included office space provides room for onsite administration. This is a for-sale warehouse asset where due diligence around water resources and any applicable SGMA-related limitations will be important for planning operations.
Key Highlights
- Large warehouse facility with approximately 60,197 SF total: about 20,152 SF cold storage and about 28,305 SF dry storage
- Includes approximately 1,740 SF office area
- City of Exeter supplies the water
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
$425,555
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
8.51%
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%
$8,511,100
$8.5M
Cap Rate 7%
$6,079,357
$6.1M
Cap Rate 9%
$4,728,389
$4.7M
Market Conditions
NOI Build-Up for 60,197 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
$541.8K $9.00/SF
− Vacancy
−$41.1K −$0.68/SF
EGI
$500.7K $8.32/SF
− OpEx
−$75.1K −$1.25/SF
NOI
$425.6K $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%
$8,511,100
Cap Rate 7%
$6,079,357
Cap Rate 9%
$4,728,389
Alternative Uses
Best Use
Warehouse
$6.08M
$5.32M – $7.09M
NOI $425,555 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.28M
$16.00M – $21.33M
NOI $1,279,939 @ 7.0% cap · market cap 25.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93221, CA
15,024
Population
5,046
Households
3
Avg Household Size
37
Median Age
19%
College-Educated
85%
High-School Grad
132.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,121
Median Household Income
$39,138
Median Earnings
$1,267
Median Rent
$324,000
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.
Similar Off Market Nearby
- Rocky Hill RV & Boat Storage — 609 1st St, Exeter, CA 93221
- Quality Self Storage — 400 W Firebaugh Ave, Exeter, CA 93221
- Exeter Mini Storage — 200 W Firebaugh Ave, Exeter, CA 93221
- Brickyard Storage LLC — 1130 N Belmont Rd, Exeter, CA 93221
Frequently Asked Questions
What type of property is this?
Warehouse - Large warehouse facility offering both cold and dry storage space with included office area.
Where is this warehouse located?
The property is located at 301 G Street Exeter, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Large warehouse facility with approximately 60,197 SF total: about 20,152 SF cold storage and about 28,305 SF dry storage; Includes approximately 1,740 SF office area; City of Exeter supplies the water
