Large-Format Warehouse
For Sale
$18,000,000
4525 W Shaw Avenue, Fresno, CA 93722
Large-scale building with showroom and warehouse configuration on an industrial-zoned site.
Property Size92,868 SF
Lot Size8.32 Acres
Price / SF$193.82
Days on Market9
Property Features for 4525 W Shaw Avenue
General Information
Standard status
Active
Size
92,868 SF
Lot size
8.32 Acres
Property subtype
Commercial
Zoning
IL
Lease Type
Net
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1973
Buildings
1
Building Size
92,868 SF
Listing Agency:
(559) 696-9675
Listed By:
Lonnie Work
(559) 696-9675
Source:
Esquaw.idxbroker
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 21 at 3:56AM
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 Lonnie Work
Investment Insights
Based on property information with market context.
Built in 1973, the property contains a 92,868 SF commercial building on approximately 8.32 acres. Its original showroom and warehouse configuration was later adapted for institutional and church use, providing a large-format interior suitable for continued commercial, warehouse, or adaptive-reuse planning subject to zoning and permitting requirements.
The site is located at 4525 W Shaw Avenue in Fresno, with frontage along Shaw Avenue and access to Highway 99 within minutes. The IL zoning designation, substantial land area, and existing building scale create a sizable industrial property with room for circulation, parking, outdoor operations, or future site planning, subject to independent buyer verification.
The site is located at 4525 W Shaw Avenue in Fresno, with frontage along Shaw Avenue and access to Highway 99 within minutes. The IL zoning designation, substantial land area, and existing building scale create a sizable industrial property with room for circulation, parking, outdoor operations, or future site planning, subject to independent buyer verification.
Key Highlights
- 92,868 SF commercial building on approximately 8.32 acres
- IL zoning designation
- Originally developed for showroom and warehouse use
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
$1,061,022
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
5.89%
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%
$21,220,440
$21.2M
Cap Rate 7%
$15,157,457
$15.2M
Cap Rate 9%
$11,789,133
$11.8M
Market Conditions
NOI Build-Up for 92,868 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
$1.73M $18.60/SF
− Vacancy
−$95.0K −$1.02/SF
EGI
$1.63M $17.58/SF
− OpEx
−$571.3K −$6.15/SF
NOI
$1.06M $11.43/SF
Area
ZIP 93722
Vacancy
5.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
35.00%
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%
$21,220,440
Cap Rate 7%
$15,157,457
Cap Rate 9%
$11,789,133
Alternative Uses
Best Use
Flex RnD
$15.16M
$13.26M – $17.68M
NOI $1,061,022 @ 7.0% cap · market cap 5.89%
Second Best
Retail
$13.26M
$11.60M – $15.47M
NOI $928,309 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$19.79M
$17.32M – $23.09M
NOI $1,385,442 @ 7.0% cap · market cap 7.70%
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
1,068
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93722, CA
87,364
Population
27,615
Households
3.2
Avg Household Size
32
Median Age
23%
College-Educated
83%
High-School Grad
19.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$77,335
Median Household Income
$41,364
Median Earnings
$1,529
Median Rent
$350,700
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
- United Rv Storage — 4645 N Blythe Ave, Fresno, CA 93722
- Brawlwy Gettyburg Business Park — 4412 N Brawley Ave, Fresno, CA 93722
- Preferred Self Storage Unit — 4435 N Brawley Ave, Fresno, CA 93722
- Derrel's Mini Storage — 4783 N Golden State Blvd, Fresno, CA 93722
- DW Ewing Movers — 4450 N Brawley Ave suit 126, Fresno, CA 93722
Frequently Asked Questions
What type of property is this?
Warehouse - Large-scale building with showroom and warehouse configuration on an industrial-zoned site.
Where is this warehouse located?
The property is located at 4525 W Shaw Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: 92,868 SF commercial building on approximately 8.32 acres; IL zoning designation; Originally developed for showroom and warehouse use
