Gated Flex Space with Warehouse
For Sale
$1,299,000
4960 E Yale Avenue, Fresno, CA 93727
Two flexible industrial suites offer offices, roll-up access, fenced yards, and functional layouts for immediate occupancy.
Property Size8,764 SF
Price / SF$148.22
Days on Market93
Property Features for 4960 E Yale Avenue
General Information
Standard status
Active
Size
8,764 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1978
Listing Agency:
RC Commercial
(559) 392-1285
Listed By:
Derek J. Feramisco · License #01427540
(559) 392-1285
Source:
Exitrealty
Added: May 30
Changed: Aug 29
Last Checked: Aug 29 at 6:57PM
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
Investment Insights
Based on property information with market context.
This 8,764 SF flex property comprises two separate industrial suites within a concrete tilt-up building. Suite 101 contains 6,139 SF with two restrooms, four offices, a kitchen, a roll-up door, sprinkler protection, and a fenced yard. Suite 102 provides 2,625 SF with a restroom, two small offices, tool storage, a roll-up door, sprinklers, and its own fenced yard. The warehouse area offers 17' clear height, supported by 400 AMP, 3 Phase electrical service, while the overall site includes a gated yard.
Located in Fresno’s airport industrial submarket, the property is near Fresno Yosemite International Airport and provides access to Highway 180 and Highway 41. Built in 1978, the facility is configured for warehousing, light manufacturing, distribution, and other industrial operations.
Located in Fresno’s airport industrial submarket, the property is near Fresno Yosemite International Airport and provides access to Highway 180 and Highway 41. Built in 1978, the facility is configured for warehousing, light manufacturing, distribution, and other industrial operations.
Key Highlights
- 8,764 SF industrial flex property with two separate suites
- Suite 101: 6,139 SF, 2 restrooms, 4 offices, kitchen, roll‑up door, and fenced yard
- Suite 102: 2,625 SF, restroom, 2 small offices, tool storage, roll‑up door, and fenced yard
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
$76,218
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
5.87%
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%
$1,524,360
$1.5M
Cap Rate 7%
$1,088,829
$1.1M
Cap Rate 9%
$846,867
$846.9K
Market Conditions
NOI Build-Up for 8,764 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
$93.6K $10.68/SF
− Vacancy
−$3.9K −$0.45/SF
EGI
$89.7K $10.23/SF
− OpEx
−$13.5K −$1.53/SF
NOI
$76.2K $8.70/SF
Area
ZIP 93727
Vacancy
4.20%
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%
$1,524,360
Cap Rate 7%
$1,088,829
Cap Rate 9%
$846,867
Alternative Uses
Best Use
Warehouse
$1.09M
$952.7K – $1.27M
NOI $76,218 @ 7.0% cap · market cap 5.87%
Second Best
Flex RnD
$1.02M
$894.8K – $1.19M
NOI $71,586 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,876 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93727, CA
83,212
Population
25,919
Households
3.2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
22.0 sq mi
ZIP Area
3,782
Density / Sq Mi
$82,247
Median Household Income
$42,002
Median Earnings
$1,277
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two flexible industrial suites offer offices, roll-up access, fenced yards, and functional layouts for immediate occupancy.
Where is this flex space located?
The property is located at 4960 E Yale Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 8,764 SF industrial flex property with two separate suites; Suite 101: 6,139 SF, 2 restrooms, 4 offices, kitchen, roll‑up door, and fenced yard; Suite 102: 2,625 SF, restroom, 2 small offices, tool storage, roll‑up door, and fenced yard
