Remodeled Executive Office
For Sale
$599,999
400 W Yosemite Ave, Madera, CA 93637
Central corner property offers a multi-tenant layout, storage, parking, and accessible entry.
Property Size2,000 SF
Price / SF$301.96
Days on Market128
Property Features for 400 W Yosemite Ave
General Information
Standard status
Active
Size
2,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
expansive windows
three separate entrances
handicap-accessible ramp
concrete walkways
landscaped grounds
basement storage
dual-zone HVAC
pre-wired for internet and phone
kitchen
conference room
ceiling fans
Building Details
Buildings
1
Building Size
2,000 SF
Listing Agency:
Miracle Realty
(559) 930-4044
Listed By:
Beau W. Miracle · License #01896847
(559) 930-4044
Source:
Exprealty
Added: Apr 17
Changed: Aug 21
Last Checked: Aug 21 at 4:32AM
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 Miracle Realty
Investment Insights
Based on property information with market context.
This 1,987-square-foot office building was remodeled inside and out and is configured for 2-3 tenants. The interior includes four executive offices, a conference room, work areas, bathrooms on each floor, wood flooring, ceiling fans, and a kitchen. A basement provides additional storage, while dual-zone heating and air conditioning support the building. Three separate entrances, expansive windows, and a handicap-accessible ramp add practical functionality.
The property occupies the corner of I Street and Yosemite Avenue in Madera, near downtown and City/County offices. It offers access to Highway 99 and includes attached parking with 10+ spaces, concrete walkways, and professionally landscaped grounds. Internet and phone systems are pre-wired, supporting office operations for an owner-user or multiple occupants.
The property occupies the corner of I Street and Yosemite Avenue in Madera, near downtown and City/County offices. It offers access to Highway 99 and includes attached parking with 10+ spaces, concrete walkways, and professionally landscaped grounds. Internet and phone systems are pre-wired, supporting office operations for an owner-user or multiple occupants.
Key Highlights
- 1,987 SF remodeled office building configured for 2‑3 tenants
- Four executive offices, conference room, work areas, kitchen, and bathrooms on each floor
- Basement storage with dual‑zone heating and air conditioning
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
$45,401
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
7.57%
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%
$908,020
$908.0K
Cap Rate 7%
$648,586
$648.6K
Cap Rate 9%
$504,456
$504.5K
Market Conditions
NOI Build-Up for 1,987 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
$70.6K $35.52/SF
− Vacancy
−$10.0K −$5.05/SF
EGI
$60.5K $30.47/SF
− OpEx
−$15.1K −$7.62/SF
NOI
$45.4K $22.85/SF
Area
Madera County, CA
Vacancy
14.23%
Lease Rate
$35.52 /SF/Yr
Expense Ratio
25.00%
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%
$908,020
Cap Rate 7%
$648,586
Cap Rate 9%
$504,456
Alternative Uses
Best Use
Office B
$648.6K
$567.5K – $756.7K
NOI $45,401 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.0K
$672.8K – $897.1K
NOI $53,827 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 93637, CA
40,202
Population
12,918
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
70%
High-School Grad
280.4 sq mi
ZIP Area
143
Density / Sq Mi
$74,621
Median Household Income
$36,057
Median Earnings
$1,345
Median Rent
$369,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Central corner property offers a multi-tenant layout, storage, parking, and accessible entry.
Where is this office building located?
The property is located at 400 W Yosemite Ave Madera, CA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 1,987 SF remodeled office building configured for 2‑3 tenants; Four executive offices, conference room, work areas, kitchen, and bathrooms on each floor; Basement storage with dual‑zone heating and air conditioning
