Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Exeter Industrial Land For Sale Title is generated by Realmo AI

    365 North Spruce Road, Exeter, CA 93221

    View on Map
    Claim this Listing
    For Sale
    $210,000

    M-1 Light Industrial zoned property suitable for various business ventures.

    Type:Lots and Land / Industrial
    Property size:
    48,787 SF
    Lot size:
    1.12 Acres
    Price / SF:
    $4/SF
    Added:
    Dec 18, 2025
    Days on Market:
    163
    Last Refresh:
    May 21 at 10:26 am

    Property Features for 365 North Spruce Road

    General Information

    Standard status
    Active
    Size
    48,787 SF
    Lot size
    1.12 Acres
    Property subtype
    Lots and Land / Industrial

    We can help!

    Listing Contact
    Michael K Leyva

    Listing agent Michael K Leyva License #01976361

    Listing office Century 21 Jordan-Link & Company

    Listing date Dec 18, 2025

    Source Compass

    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 Century 21 Jordan-Link & Company

    HighLights

    • M‑1 Light Industrial zoning offers flexible usage; buyer to verify uses.
    • Prime location in the growing Exeter market.
    • Excellent accessibility for business operations.
    • Opportunity for investment and business expansion.
    • Suitable for warehousing, light manufacturing, distribution or secure contractor's yard.
    • Situated near Rocky Hill Mountain.

    Overview

    This property, located at 365 N Spruce Rd, Exeter, CA, is zoned M-1 Light Industrial and encompasses a total area of 48787 square feet. It is suitable for warehousing, light manufacturing, distribution, or use as a secure contractor's yard. Prospective buyers should verify permitted uses with the City of Exeter. The property offers flexible industrial zoning and accessibility, situated near Rocky Hill Mountain. This property presents an opportunity for investment in the Exeter market.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Skin Care Clinic Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Exeter
    County
    Tulare
    State
    California
    Longitude
    -119.1182735
    Latitude
    36.2989666

    Nearby Similar for Sale

    • $225,000
      7,474 SF

      Turn-Key Restaurant Opportunity

      Fully equipped restaurant with a Type 47 ABC License.
      151 S E Street, Exeter, CA 93221
      View Details
    • $625,000
      6,000 SF

      Exeter Foothills 5-Acre Property

      5-acre property with 6,000 sq. ft. shop.
      29557 Mehrten Drive lot: 16, Exeter, CA 93221
      View Details
    • $650,000

      Exeter Land with Valencia Oranges

      9.72 acre orange ranch with water rights.
      Avenue 314, Exeter, CA 93221
      View Details
    • $265,000
      1,440 SF

      Retail Opportunity in Exeter, CA

      Commercial space suitable for retail or investment in Exeter.
      657 S Kaweah Avenue, Exeter, CA 93221
      View Details
    • $449,000
      1,872 SF

      Spacious Duplex in Exeter, CA

      Duplex with two units, garages, yards, investment or owner-occupancy.
      411 E Prospect Avenue, Exeter, CA 93221
      View Details
    • $439,900
      2,020 SF

      Exeter Multifamily Investment Opportunity

      Four-unit property near Exeter's historic downtown and Wilson Middle School.
      447 W Maple Street, Exeter, CA 93221
      View Details
    • $210,000

      Exeter Industrial Zoned Property

      M-1 Light Industrial zoned property suitable for warehousing and manufacturing.
      365 N Spruce Road, Exeter, CA 93221
      View Details
    • $350,000

      Land in Peaceful Rural Setting

      5-acre land with new well near Exeter, CA.
      30814 Hill Drive, Exeter, CA 93221
      View Details
    • $299,000

      Exeter Land with Valley Views

      3 acres with views, ideal for custom homesite.
      31174 Sierra Drive, Exeter, CA 93221
      View Details
    • $1,983,927
      3,933 SF

      Exeter Bank Building For Sale

      Bank branch with long-term lease and annual rental escalations.
      1103 W Visalia Rd, Exeter, CA 93221
      View Details
    • $359,000

      Exeter Almond Farm Homesite Opportunity

      5 acre almond farm homesite opportunity in Exeter, California.
      W Marinette Avenue, Exeter, CA 93221
      View Details
    • $1,983,927
      3,933 SF

      Retail Property For Sale

      Retail property with a 6.00% cap rate.
      1103 W Visalia Rd, Exeter, CA 93221
      View Details

    FAQs

    What type of property is this?
    Industrial land - M-1 Light Industrial zoned property suitable for various business ventures.
    Where is this industrial land located?
    The property is located at 365 North Spruce Road Exeter, CA.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: M‑1 Light Industrial zoning offers flexible usage; buyer to verify uses.; Prime location in the growing Exeter market.; Excellent accessibility for business operations.
    (559) 789-7710
    We can help!
    Listing Contact
    Michael K Leyva
    Real Estate License ID: 01976361
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    365 North Spruce Road, Exeter, CA 93221
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!