Industrial Warehouse for Distribution
For Sale
Contact for pricing
5470 East Lamona Avenue, Fresno, CA 93727
For sale industrial warehouse in Fresno’s airport industrial park, suited for manufacturing, warehousing, and logistics users.
Property Size4,940 SF
Price / SF$187.25
Days on Market102
Property Features for 5470 East Lamona Avenue
General Information
Standard status
Active
Size
4,940 SF
Property subtype
Industrial
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
1995
Tenancy
Single
Listing Agency:
Fortune Associates
Listed By:
James Bitter · License #CA 02044628
Source:
Crexi
Added: May 28
Changed: Aug 26
Last Checked: Sep 6 at 2:57PM
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 Fortune Associates
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse at 5470 East Lamona Avenue offers a practical platform for manufacturing, distribution, warehousing, and logistics operations. The property is positioned to support day-to-day industrial needs within an established airport industrial park setting. At approximately 4,940 square feet, it is sized for owner users and expanding businesses looking for an operational facility in an industrial corridor.
The site benefits from immediate access to major transportation routes, with convenient connections to regional freeway interchanges. It is also located near Fresno Yosemite International Airport, providing convenient regional reach for supply chain and distribution-focused activities. Its central location is intended to support efficient access throughout the Central Valley and key California markets.
This property may fit tenants or buyers seeking an industrial warehouse environment with access-oriented positioning for logistics and operations. With suitability described for manufacturing, distribution, warehousing, and logistics uses, it is well-aligned for owner users prioritizing operational efficiency and for investors evaluating an industrial facility in a well-established Fresno industrial area.
The site benefits from immediate access to major transportation routes, with convenient connections to regional freeway interchanges. It is also located near Fresno Yosemite International Airport, providing convenient regional reach for supply chain and distribution-focused activities. Its central location is intended to support efficient access throughout the Central Valley and key California markets.
This property may fit tenants or buyers seeking an industrial warehouse environment with access-oriented positioning for logistics and operations. With suitability described for manufacturing, distribution, warehousing, and logistics uses, it is well-aligned for owner users prioritizing operational efficiency and for investors evaluating an industrial facility in a well-established Fresno industrial area.
Key Highlights
- Industrial warehouse built in 1995
- Located in Fresno’s airport industrial park
- Suitable for manufacturing, distribution, warehousing, and logistics operations
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
$42,962
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
4.64%
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%
$859,240
$859.2K
Cap Rate 7%
$613,743
$613.7K
Cap Rate 9%
$477,356
$477.4K
Market Conditions
NOI Build-Up for 4,940 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
$52.8K $10.68/SF
− Vacancy
−$2.2K −$0.45/SF
EGI
$50.5K $10.23/SF
− OpEx
−$7.6K −$1.53/SF
NOI
$43.0K $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%
$859,240
Cap Rate 7%
$613,743
Cap Rate 9%
$477,356
Alternative Uses
Best Use
Warehouse
$613.7K
$537.0K – $716.0K
NOI $42,962 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$505.4K
$442.3K – $589.7K
NOI $35,380 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,008 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Balanced
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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- Derrel's Mini Storage — 1441 N Clovis Ave, Fresno, CA 93727
Frequently Asked Questions
What type of property is this?
Warehouse - For sale industrial warehouse in Fresno’s airport industrial park, suited for manufacturing, warehousing, and logistics users.
Where is this warehouse located?
The property is located at 5470 East Lamona Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Industrial warehouse built in 1995; Located in Fresno’s airport industrial park; Suitable for manufacturing, distribution, warehousing, and logistics operations
