Prime Industrial Investment
For Sale
Contact for pricing
5333 N Cornelia Ave, Fresno, CA 93722
Fully leased industrial asset in Fresno's sought-after corridor.
Property Size111,000 SF
Lot Size10.00 Acres
Price / SF$103.60
Days on Market178
Property Features for 5333 N Cornelia Ave
General Information
Standard status
Active
Size
111,000 SF
Lot size
10.00 Acres
Property subtype
Industrial
Zoning
M1
Lease Type
Gross
Investment Type
Owner/User
Building Details
Tenancy
Multi
Listing Agency:
ZState Realty Inc.
(559) 898-2758
Listed By:
Harrison Song · License #01970883
Source:
Crexi
Added: Feb 20
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
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 ZState Realty Inc.
Investment Insights
Based on property information with market context.
This industrial property at 5333 N Cornelia Avenue, Fresno, CA, presents an opportunity to acquire a fully stabilized, income-generating industrial asset. The property is 100% leased, offering immediate and consistent cash flow. The site features a 10-acre footprint spread across three parcels. Zoned M1 (Light Industrial), the property is suited for a range of manufacturing and distribution uses. It features heavy 2,000-amp power, reinforced concrete construction, and dedicated warehouse space equipped with multiple loading docks. The property includes an expansive fenced and paved yard optimized for high-volume fleet staging and truck maneuvering. With frontage and access to Highway 99, this asset serves as a regional hub, offering a connection to major Northern and Southern California markets. The property size is 111000 square feet.
Key Highlights
- Immediate and consistent cash flow with 100% occupancy.
- Prime location with direct frontage and immediate access to Highway 99.
- Massive 10‑acre footprint across three parcels, providing operational scale and flexibility.
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
$990,326
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
8.61%
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%
$19,806,520
$19.8M
Cap Rate 7%
$14,147,514
$14.1M
Cap Rate 9%
$11,003,622
$11.0M
Market Conditions
NOI Build-Up for 111,000 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
$1.19M $10.68/SF
− Vacancy
−$20.4K −$0.18/SF
EGI
$1.17M $10.50/SF
− OpEx
−$174.8K −$1.57/SF
NOI
$990.3K $8.92/SF
Area
ZIP 93722
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 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%
$19,806,520
Cap Rate 7%
$14,147,514
Cap Rate 9%
$11,003,622
Alternative Uses
Best Use
Warehouse
$14.15M
$12.38M – $16.51M
NOI $990,326 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.66M
$20.70M – $27.60M
NOI $1,655,942 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Under-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
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Similar Off Market Nearby
- Public Storage — 5045 N Gates Ave, Fresno, CA 93722
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- United Rv Storage — 4645 N Blythe Ave, Fresno, CA 93722
- Storage King USA — 5090 N Weber Ave, Fresno, CA 93722
- Derrel's Mini Storage — 4783 N Golden State Blvd, Fresno, CA 93722
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased industrial asset in Fresno's sought-after corridor.
Where is this warehouse located?
The property is located at 5333 N Cornelia Ave Fresno, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Immediate and consistent cash flow with 100% occupancy.; Prime location with direct frontage and immediate access to Highway 99.; Massive 10‑acre footprint across three parcels, providing operational scale and flexibility.
