Office/Warehouse Flex
For Sale
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4723 East Olive Avenue, Fresno, CA 93702
Flexible commercial building combining office functionality with warehouse space on a substantial site.
Property Size5,040 SF
Lot Size0.73 Acres
Price / SF$128.97
Days on Market55
Property Features for 4723 East Olive Avenue
General Information
Standard status
Active
Size
5,040 SF
Lot size
0.73 Acres
Property subtype
Industrial
Site & Location
Neighborhood
West
Building Details
Building Size
5,040 SF
Listing Agency:
RC Commercial
Listed By:
Derek Feramisco · License #CA 01427540
(559) 392-1285
Source:
Crexi
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 26 at 1:23PM
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 RC Commercial
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Investment Insights
Based on property information with market context.
This flex property combines office and warehouse components within a 5,040-square-foot building. The improvements occupy a 31,968-square-foot lot, providing a commercial setting for users seeking a mixed office and industrial format.
The property is located at 4723 East Olive Avenue in Fresno, California 93702.
The property is located at 4723 East Olive Avenue in Fresno, California 93702.
Key Highlights
- 5,040 SF office and warehouse building
- 31,968 SF lot
- Located at 4723 East Olive Avenue, Fresno, CA 93702
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,966
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,320
$899.3K
Cap Rate 7%
$642,371
$642.4K
Cap Rate 9%
$499,622
$499.6K
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$53.8K $10.68/SF
− Vacancy
−$926 −$0.18/SF
EGI
$52.9K $10.50/SF
− OpEx
−$7.9K −$1.57/SF
NOI
$45.0K $8.92/SF
Area
ZIP 93702
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 Rate 5%
$899,320
Cap Rate 7%
$642,371
Cap Rate 9%
$499,622
Alternative Uses
Best Use
Flex RnD
$945.2K
$827.0K – $1.10M
NOI $66,162 @ 7.0% cap · market cap 10.18%
Second Best
Warehouse
$642.4K
$562.1K – $749.4K
NOI $44,966 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,094 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 93702, CA
45,741
Population
13,386
Households
3.4
Avg Household Size
29
Median Age
9%
College-Educated
57%
High-School Grad
5.2 sq mi
ZIP Area
8,796
Density / Sq Mi
$44,849
Median Household Income
$27,486
Median Earnings
$1,110
Median Rent
$211,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building combining office functionality with warehouse space on a substantial site.
Where is this flex space located?
The property is located at 4723 East Olive Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,040 SF office and warehouse building; 31,968 SF lot; Located at 4723 East Olive Avenue, Fresno, CA 93702
