Single-Story
For Sale
$479,000
516 Gateway Drive, Madera, CA 93637
Versatile single-story shop/warehouse with drive-in loading, open interior, and 3-phase power on a fenced lot.
Property Size3,000 SF
Lot Size0.17 Acres
Price / SF$159.67
Days on Market218
Property Features for 516 Gateway Drive
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.17 Acres
Property subtype
General Commercial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
25 ft
Heavy Power
Yes
Amenities
3
Zero Lot Line.
Building Details
Year Built
1975
Stories
1
Listing Agency:
Real Estate eBroker, Inc
(760) 722-3222
Listed By:
Patrick Bankston · License #01944525
Source:
Xome
Added: Jan 5
Changed: Aug 8
Last Checked: Aug 11 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 Real Estate eBroker, Inc
Investment Insights
Based on property information with market context.
Single-story shop/warehouse offering an open interior layout with concrete perimeter flooring and 22–25 ft ceiling height. The building includes one restroom and central gas heat, along with a newer electrical panel and 3-phase power. Drive-in/loading access is available from both the front and rear, supporting practical day-to-day receiving and operations.
The property is situated near downtown Madera with strong frontage and convenient access. Exterior space includes a rear yard with storage options and gated alley access, along with chain-link fencing for secured outdoor use. The site is served by city water and city sewer, with an individual electric meter (buyer to verify). The property is also plumbed for air and includes a commercial air compressor (buyer to verify).
This facility provides a flexible base for a range of commercial uses (buyer to verify zoning, permits, and intended use with the City of Madera).
The property is situated near downtown Madera with strong frontage and convenient access. Exterior space includes a rear yard with storage options and gated alley access, along with chain-link fencing for secured outdoor use. The site is served by city water and city sewer, with an individual electric meter (buyer to verify). The property is also plumbed for air and includes a commercial air compressor (buyer to verify).
This facility provides a flexible base for a range of commercial uses (buyer to verify zoning, permits, and intended use with the City of Madera).
Key Highlights
- Single‑story shop/warehouse with an open interior layout and drive‑in/loading access at the front and rear
- Approximately 3,000 SF building on a lot of approximately 7,405–7,500 SF (buyer to verify)
- Central gas heat, concrete perimeter flooring, and approximately 22–25 ft ceiling height
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
$38,498
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
8.04%
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%
$769,960
$770.0K
Cap Rate 7%
$549,971
$550.0K
Cap Rate 9%
$427,756
$427.8K
Market Conditions
NOI Build-Up for 3,000 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
$55.4K $18.48/SF
− Vacancy
−$444 −$0.15/SF
EGI
$55.0K $18.33/SF
− OpEx
−$16.5K −$5.50/SF
NOI
$38.5K $12.83/SF
Area
Madera County, CA
Vacancy
0.80%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
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%
$769,960
Cap Rate 7%
$549,971
Cap Rate 9%
$427,756
Alternative Uses
Best Use
Industrial
$550.0K
$481.2K – $641.6K
NOI $38,498 @ 7.0% cap · market cap 8.04%
Second Best
Flex RnD
$511.8K
$447.8K – $597.1K
NOI $35,826 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,269 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile single-story shop/warehouse with drive-in loading, open interior, and 3-phase power on a fenced lot.
Where is this flex space located?
The property is located at 516 Gateway Drive Madera, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Single‑story shop/warehouse with an open interior layout and drive‑in/loading access at the front and rear; Approximately 3,000 SF building on a lot of approximately 7,405–7,500 SF (buyer to verify); Central gas heat, concrete perimeter flooring, and approximately 22–25 ft ceiling height
