Industrial Flex
For Sale
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5697 E Fountain Way, Fresno, CA 93727
Large industrial/flex property built in 1970, zoned for light industrial, with multiple buildings suitable for manufacturing or distribution.
Property Size19,900 SF
Price / SF$77.89
Days on Market581
Property Features for 5697 E Fountain Way
General Information
Standard status
Active
Size
19,900 SF
Property subtype
INDUSTRIAL
Zoning
Light Industrial
Building Details
Year Built
1970
Listing Agency:
Newmark Pearson Commercial | Fresno
(559) 432-6200
Listed By:
Nick J. Audino
(559) 284-2396
Source:
Moodyscre
Added: Feb 13, 2025
Changed: Sep 12
Last Checked: Sep 16 at 5:04PM
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 Newmark Pearson Commercial | Fresno
Investment Insights
Based on property information with market context.
This industrial/flex property was built in 1970 and consists of multiple buildings designed to support a range of industrial uses. The offering includes a portfolio configuration, providing flexibility for manufacturing, distribution, or other flexible industrial workspace needs. The property is zoned for Light Industrial.
The asset is located at 5697 E Fountain Way in Fresno, California. This location supports industrial business activity in the surrounding area.
With its multi-building setup and light industrial zoning, the property lends itself to tenants or owners seeking an adaptable industrial footprint within a flex-oriented configuration.
The asset is located at 5697 E Fountain Way in Fresno, California. This location supports industrial business activity in the surrounding area.
With its multi-building setup and light industrial zoning, the property lends itself to tenants or owners seeking an adaptable industrial footprint within a flex-oriented configuration.
Key Highlights
- Large industrial/flex property in Fresno, CA built in 1970
- Zoned for Light Industrial
- Multiple buildings included, offering flexibility for industrial uses like manufacturing or distribution
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
$142,524
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
9.20%
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%
$2,850,480
$2.9M
Cap Rate 7%
$2,036,057
$2.0M
Cap Rate 9%
$1,583,600
$1.6M
Market Conditions
NOI Build-Up for 19,900 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
$212.5K $10.68/SF
− Vacancy
−$8.9K −$0.45/SF
EGI
$203.6K $10.23/SF
− OpEx
−$61.1K −$3.07/SF
NOI
$142.5K $7.16/SF
Area
ZIP 93727
Vacancy
4.20%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
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%
$2,850,480
Cap Rate 7%
$2,036,057
Cap Rate 9%
$1,583,600
Alternative Uses
Best Use
Flex RnD
$2.32M
$2.03M – $2.71M
NOI $162,546 @ 7.0% cap · market cap 10.49%
Second Best
Industrial
$2.04M
$1.78M – $2.38M
NOI $142,524 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$5.64M
$4.94M – $6.58M
NOI $394,811 @ 7.0% cap · market cap 25.47%
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
Under-served
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?
Flex space - Large industrial/flex property built in 1970, zoned for light industrial, with multiple buildings suitable for manufacturing or distribution.
Where is this flex space located?
The property is located at 5697 E Fountain Way Fresno, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Large industrial/flex property in Fresno, CA built in 1970; Zoned for Light Industrial; Multiple buildings included, offering flexibility for industrial uses like manufacturing or distribution
