Shop Warehouse with Drive-In
For Sale
$845,000
516 N Gateway Drive, Madera, CA 93637
Single-story shop warehouse with high ceilings, drive-in loading, and secure gated rear yard storage for flexible operations.
Property Size3,000 SF
Lot Size0.17 Acres
Price / SF$281.67
Days on Market156
Property Features for 516 N Gateway Drive
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.17 Acres
Property subtype
Commercial/Industrial
Warehouse & Industrial
Clear Height
25 ft
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1975
Stories
1
Listing Agency:
Real Estate eBroker, Inc.
(559) 232-4843
Listed By:
Patrick L. Bankston · License #01944525
(559) 232-4843
Source:
Exitrealty
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 11 at 8:10AM
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.
This single-story shop/warehouse offers an open interior layout with 22–25 ft ceiling height and concrete perimeter flooring. The building includes 1 restroom and is supported by central gas heat, a newer electrical panel, and 3-phase power. The property is plumbed for air and includes a commercial air compressor (buyer to verify). Drive-in/loading access is available with loading in both the front and rear, supporting a range of loading and workflow needs.
Set on an approximately 7,405–7,500 SF lot (buyer to verify), the exterior includes rear yard storage options with gated alley access and chain-link fencing. City water and city sewer are provided, and there is an individual electric meter (buyer to verify). The property is described as being near downtown Madera with strong frontage and convenient access.
Designed for tenants and operators who need both indoor shop/warehouse space and outdoor secured storage, the configuration can support uses such as building materials supply/hardscape yard, e-commerce fulfillment or distribution, machine shop or fabrication, light manufacturing/assembly, and outdoor storage of goods or materials, subject to buyer verification of zoning, permits, and intended use with the City of Madera. The property also may be compatible with a restaurant or café concept as part of the city’s commercial allowances, subject to verification.
Set on an approximately 7,405–7,500 SF lot (buyer to verify), the exterior includes rear yard storage options with gated alley access and chain-link fencing. City water and city sewer are provided, and there is an individual electric meter (buyer to verify). The property is described as being near downtown Madera with strong frontage and convenient access.
Designed for tenants and operators who need both indoor shop/warehouse space and outdoor secured storage, the configuration can support uses such as building materials supply/hardscape yard, e-commerce fulfillment or distribution, machine shop or fabrication, light manufacturing/assembly, and outdoor storage of goods or materials, subject to buyer verification of zoning, permits, and intended use with the City of Madera. The property also may be compatible with a restaurant or café concept as part of the city’s commercial allowances, subject to verification.
Key Highlights
- ~3,000 SF single‑story shop/warehouse built in 1975 with open layout and 22–25 ft ceiling height
- Drive‑in/loading access with loading in front and rear
- Concrete perimeter flooring, 1 restroom, and central gas heat
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
$43,637
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
5.16%
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%
$872,740
$872.7K
Cap Rate 7%
$623,386
$623.4K
Cap Rate 9%
$484,856
$484.9K
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
−$4.1K −$1.37/SF
EGI
$51.3K $17.11/SF
− OpEx
−$7.7K −$2.57/SF
NOI
$43.6K $14.55/SF
Area
Madera County, CA
Vacancy
7.40%
Lease Rate
$18.48 /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%
$872,740
Cap Rate 7%
$623,386
Cap Rate 9%
$484,856
Alternative Uses
Best Use
Warehouse
$623.4K
$545.5K – $727.3K
NOI $43,637 @ 7.0% cap · market cap 5.16%
Second Best
Industrial
$550.0K
$481.2K – $641.6K
NOI $38,498 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,269 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Under-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 - Single-story shop warehouse with high ceilings, drive-in loading, and secure gated rear yard storage for flexible operations.
Where is this flex space located?
The property is located at 516 N Gateway Drive Madera, CA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: ~3,000 SF single‑story shop/warehouse built in 1975 with open layout and 22–25 ft ceiling height; Drive‑in/loading access with loading in front and rear; Concrete perimeter flooring, 1 restroom, and central gas heat
