Industrial Building in Fresno,
For Sale
Contact for pricing
3808 E Jensen Ave, Fresno, CA 93725
9,300 SF industrial building suitable for various uses.
Property Size9,300 SF
Price / SF$139.78
Days on Market206
Property Features for 3808 E Jensen Ave
General Information
Standard status
Active
Size
9,300 SF
Property subtype
Industrial
Zoning
IL (Light Industrial- City of Fresno)
Lease Type
NNN
Building Details
Year Built
1969
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortune Associates
Listed By:
Brandon Lamonica · License #CA 01317857
Source:
Crexi
Added: Jan 28
Changed: Aug 21
Last Checked: Aug 22 at 5:21AM
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 Fortune Associates
Investment Insights
Based on property information with market context.
Located at 3808 Jensen Avenue in Fresno, California, this industrial building offers an opportunity for owner-users or investors. The property is situated near one of Fresno’s established industrial parks and minutes from Golden State Boulevard and CA-99, providing convenient access for transportation, distribution, and trucking operations. The building is approximately 9,300 square feet and features a functional layout that includes multiple private offices and dedicated storage areas. The remaining balance consists of open warehouse space suitable for a variety of industrial uses. Its location and flexible interior configuration make this property suited for logistics, light manufacturing, or service-oriented industrial operations.
Key Highlights
- Strategic location near established industrial park, Golden State Boulevard, and CA‑99 for convenient transportation and distribution.
- Approximately 9,300 square foot building suitable for owner‑users or investors.
- Functional layout with multiple private offices and dedicated storage areas.
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
$82,973
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
6.38%
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%
$1,659,460
$1.7M
Cap Rate 7%
$1,185,329
$1.2M
Cap Rate 9%
$921,922
$921.9K
Market Conditions
NOI Build-Up for 9,300 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
$99.3K $10.68/SF
− Vacancy
−$1.7K −$0.18/SF
EGI
$97.6K $10.50/SF
− OpEx
−$14.6K −$1.57/SF
NOI
$83.0K $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%
$1,659,460
Cap Rate 7%
$1,185,329
Cap Rate 9%
$921,922
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.38M
NOI $82,973 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,840 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93725, CA
26,162
Population
6,998
Households
3.7
Avg Household Size
30
Median Age
13%
College-Educated
68%
High-School Grad
67.0 sq mi
ZIP Area
390
Density / Sq Mi
$71,099
Median Household Income
$34,943
Median Earnings
$1,222
Median Rent
$262,400
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
- Penny-Newman Grain Co — 2691 S Cedar Ave, Fresno, CA 93725
- Sierra West Warehouse — 2474 S Orange Ave, Fresno, CA 93725
Frequently Asked Questions
What type of property is this?
Warehouse - 9,300 SF industrial building suitable for various uses.
Where is this warehouse located?
The property is located at 3808 E Jensen Ave Fresno, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Strategic location near established industrial park, Golden State Boulevard, and CA‑99 for convenient transportation and distribution.; Approximately 9,300 square foot building suitable for owner‑users or investors.; Functional layout with multiple private offices and dedicated storage areas.
