Industrial Flex Facility with
For Sale
Contact for pricing
375 S West Ave, Fresno, CA 93706
Industrial flex property includes a quality office buildout and a fenced, electric-gated yard.
Property Size102,000 SF
Price / SF$105
Days on Market204
Property Features for 375 S West Ave
General Information
Standard status
Active
Size
102,000 SF
Property subtype
Industrial
Zoning
Light Industrial
Building Details
Year Built
2006
Listing Agency:
Colliers - Fresno, California
Listed By:
Buk Wagner · License #CA 01296746
(559) 256-2451
Source:
Crexi
Added: Feb 18
Changed: Sep 10
Last Checked: Sep 10 at 9:08AM
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 Colliers - Fresno, California
Investment Insights
Based on property information with market context.
This industrial flex facility features a quality office buildout and supporting warehouse improvements, along with compressed air lines. The property also includes a fenced yard secured by an electric gate.
The site layout is designed to support full truck circulation around the building, allowing vehicles to maneuver on-site throughout the property.
Overall, the combination of office space, compressed air infrastructure, and truck-friendly site circulation supports a range of industrial operations that require both workplace support and loading-area functionality.
The site layout is designed to support full truck circulation around the building, allowing vehicles to maneuver on-site throughout the property.
Overall, the combination of office space, compressed air infrastructure, and truck-friendly site circulation supports a range of industrial operations that require both workplace support and loading-area functionality.
Key Highlights
- Fenced yard with an electric gate
- Site layout allows for full truck circulation around the building
- Compressed air lines
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
$910,030
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
8.50%
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%
$18,200,600
$18.2M
Cap Rate 7%
$13,000,429
$13.0M
Cap Rate 9%
$10,111,444
$10.1M
Market Conditions
NOI Build-Up for 102,000 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
$1.09M $10.68/SF
− Vacancy
−$18.7K −$0.18/SF
EGI
$1.07M $10.50/SF
− OpEx
−$160.6K −$1.57/SF
NOI
$910.0K $8.92/SF
Area
Fresno, CA
Vacancy
1.72%
Lease Rate
$10.68 /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%
$18,200,600
Cap Rate 7%
$13,000,429
Cap Rate 9%
$10,111,444
Alternative Uses
Best Use
Flex RnD
$19.44M
$17.01M – $22.67M
NOI $1,360,476 @ 7.0% cap · market cap 12.70%
Second Best
Warehouse
$13.00M
$11.38M – $15.17M
NOI $910,030 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$30.06M
$26.30M – $35.07M
NOI $2,104,056 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93706, CA
40,965
Population
12,239
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
62%
High-School Grad
158.5 sq mi
ZIP Area
258
Density / Sq Mi
$40,023
Median Household Income
$28,495
Median Earnings
$1,129
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- El Taco Taquero inc — 39 E Tuolumne St, Fresno, CA 93706
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property includes a quality office buildout and a fenced, electric-gated yard.
Where is this flex space located?
The property is located at 375 S West Ave Fresno, CA.
What is the asking price?
The asking price for this property is $10,710,000.
What are key features of this property?
This property features: Fenced yard with an electric gate; Site layout allows for full truck circulation around the building; Compressed air lines
