Freestanding Industrial Warehouse with
For Sale
Contact for pricing
5688 E Fountain Way, Fresno, CA 93727
Freestanding industrial building with 14 dock positions, fully insulated steel frame construction, and 24'–28' clear height.
Property Size53,760 SF
Price / SF$134.86
Days on Market567
Property Features for 5688 E Fountain Way
General Information
Standard status
Active
Size
53,760 SF
Property subtype
INDUSTRIAL
Listing Agency:
KW Commercial | Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 302-8698
Source:
Moodyscre
Added: Feb 27, 2025
Changed: Sep 7
Last Checked: Sep 16 at 4:22PM
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 KW Commercial | Central California
Investment Insights
Based on property information with market context.
Freestanding steel-beam industrial warehouse on 12.37 acres, featuring fully insulated walls and roof and 24'-28' clear height. The facility includes 14 dock-high doors with dock levelers plus four grade-level doors (three 12' x 12' and one 14' x 12'). Power and life-safety infrastructure include 600 amps of heavy 480-volt power and a full fire suppression system with ESFR sprinklers.
Two warehouse sections are available within the building, with the west side at 33,325 SF and the east side at 20,435 SF. Interior improvements include skylights, efficient lighting, video surveillance, and climate support via (2) evaporative coolers and reznor heaters. The property also includes chain-link fencing with security gates along both the east and west edges, along with (2) private 9' x 9' offices and two restrooms with HVAC.
Parking totals 32–63 spaces, with configuration on the NW front, NE front dock, street parking, and SE rear, plus potential additional spaces on the SW rear and NW front dock area. Convenient access is provided just east of the airport, with nearby CA-180 access via Clovis Ave connecting to CA-99, CA-41, and I-5. Flexible industrial zoning allows many uses permitted within this centrally located industrial area.
Two warehouse sections are available within the building, with the west side at 33,325 SF and the east side at 20,435 SF. Interior improvements include skylights, efficient lighting, video surveillance, and climate support via (2) evaporative coolers and reznor heaters. The property also includes chain-link fencing with security gates along both the east and west edges, along with (2) private 9' x 9' offices and two restrooms with HVAC.
Parking totals 32–63 spaces, with configuration on the NW front, NE front dock, street parking, and SE rear, plus potential additional spaces on the SW rear and NW front dock area. Convenient access is provided just east of the airport, with nearby CA-180 access via Clovis Ave connecting to CA-99, CA-41, and I-5. Flexible industrial zoning allows many uses permitted within this centrally located industrial area.
Key Highlights
- Industrial building totaling 53,760 SF on 2.37 AC, freestanding steel beam construction with 24'-28' clear height
- 14 recessed truck dock positions with dock levelers and 14 dock‑high doors
- Warehouse split: west 33,325 SF (1979; 2020 roof coating) and east 20,435 SF (2015 construction)
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
$467,536
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
6.45%
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%
$9,350,720
$9.4M
Cap Rate 7%
$6,679,086
$6.7M
Cap Rate 9%
$5,194,844
$5.2M
Market Conditions
NOI Build-Up for 53,760 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
$574.2K $10.68/SF
− Vacancy
−$24.1K −$0.45/SF
EGI
$550.0K $10.23/SF
− OpEx
−$82.5K −$1.53/SF
NOI
$467.5K $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%
$9,350,720
Cap Rate 7%
$6,679,086
Cap Rate 9%
$5,194,844
Alternative Uses
Best Use
Warehouse
$6.68M
$5.84M – $7.79M
NOI $467,536 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.24M
$13.33M – $17.78M
NOI $1,066,585 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
743
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial building with 14 dock positions, fully insulated steel frame construction, and 24'–28' clear height.
Where is this warehouse located?
The property is located at 5688 E Fountain Way Fresno, CA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Industrial building totaling 53,760 SF on 2.37 AC, freestanding steel beam construction with 24'-28' clear height; 14 recessed truck dock positions with dock levelers and 14 dock‑high doors; Warehouse split: west 33,325 SF (1979; 2020 roof coating) and east 20,435 SF (2015 construction)
