Building Details

Year Built 1975

Buildings 2

Listing Agency: Oakhurst Real Estate

Listed By: Thomas T. Nicolulis · License #00577085 Show Phone

Source: Exitrealty

Added: May 2, 2025 Changed: Sep 2 Last Checked: Sep 15 at 5:26AM

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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 Oakhurst Real Estate

Investment Insights

Based on property information with market context.

This commercially zoned property includes two remodeled structures totaling 3,000 square feet on 1.29 usable acres. The primary structure provides a 1,130-square-foot ground-level area with vinyl dual-pane windows, updated flooring, two mini-split heating and cooling systems, and an upgraded half bath. A covered concrete patio fronts the double commercial entry doors, while two remote-controlled garage doors serve separate lower-level bays totaling another 1,130 square feet.

The second structure is a 740-square-foot commercial studio with a three-quarter bath, corner shower, kitchen, and 16-by-28-foot front deck. Site improvements include a covered 9-by-24-foot dog kennel, RV parking with 30-amp electrical service, water and septic hookups, and chain-link security fencing with two locking gates. The water system includes a well with a three-quarter-horsepower pump, a 1,500-gallon storage tank, and a separate pump house with upgraded pressure equipment.

A commercial billboard at the property corner generates advertising income. The property is positioned near Yosemite National Park’s southern gate, Bass Lake, and the village of North Fork in California’s Sierra Nevada foothills.

Key Highlights

• 1.29 usable acres with two remodeled commercial structures
• 3,000 total square feet, including a 1,130‑square‑foot main level and 740‑square‑foot studio
• Two separate lower‑level bays with remote‑controlled commercial garage doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,637

Cap Rate

8.82%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $43,637 @ 7.0% cap · market cap 8.82%

Second Best

Industrial

$550.0K

$481.2K – $641.6K (±1% cap)

NOI $38,498 @ 7.0% cap · market cap 7.78%

Theoretical Best

Office A

$1.16M

$1.02M – $1.35M (±1% cap)

NOI $81,269 @ 7.0% cap · market cap 16.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Electrical Service Garden Center Real Estate Agency Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 93645, CA

297

Population

293

Households

1

Avg Household Size

44

Median Age

1%

College-Educated

67%

High-School Grad

59.7 sq mi

ZIP Area

5

Density / Sq Mi

$77,138

Median Household Income

$366,700

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Two remodeled commercial structures offer flexible workspace, bay access, and a separate studio.

Where is this flex space located?

The property is located at 53987 Road 200 O Neals, CA.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: 1.29 usable acres with two remodeled commercial structures; 3,000 total square feet, including a 1,130‑square‑foot main level and 740‑square‑foot studio; Two separate lower‑level bays with remote‑controlled commercial garage doors