Flex Space with
New
For Sale
$4,300,000
5733 E Shields Avenue, Fresno, CA 93722
Office and warehouse improvements occupy a fenced industrial property with dual street access, yard storage, and room for future development.
Property Size35,568 SF
Lot Size4.15 Acres
Price / SF$120.90
Days on Market2
Property Features for 5733 E Shields Avenue
General Information
Standard status
Active
Size
35,568 SF
Lot size
4.15 Acres
Property subtype
Industrial
Zoning
IL
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Span
Yes
Office Build-Out
13,900 SF
Amenities
Professional lobby and reception area
Executive offices with private restroom
Inviting outdoor courtyard and employee break area
Building Details
Building Size
35,568 SF
Year Built
1965
Construction
concrete block and metal
Listing Agency:
Newmark Pearson Commercial | Fresno
(559) 447-6270
Listed By:
Nick Audino, SIOR · License #CalDRE #01231272
Source:
Newmarkpearson
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 3 at 3:31AM
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 flex-space property combines office and warehouse improvements across 35,568+ SF on 4.15+ acres. The facility includes 13,900+ SF of administrative offices, executive offices with a private restroom, a reception and lobby area, and a warehouse with clear-span areas. Non-load-bearing interior walls support adaptable planning, while the concrete block and metal construction provides a durable building shell.
Zoned IL (Light Industrial) in Fresno, the property is near Fresno Yosemite International Airport and offers access from both the front and rear. Exterior features include a fenced site, storage and yard areas, employee outdoor space, on-site parking, and trailer circulation. The property also provides room for expansion and may accommodate multiple tenants, as supported by its layout.
Zoned IL (Light Industrial) in Fresno, the property is near Fresno Yosemite International Airport and offers access from both the front and rear. Exterior features include a fenced site, storage and yard areas, employee outdoor space, on-site parking, and trailer circulation. The property also provides room for expansion and may accommodate multiple tenants, as supported by its layout.
Key Highlights
- 35,568+ SF office/warehouse facility on 4.15+ acres
- 13,900+ SF of administrative office space
- Zoned IL (Light Industrial) in Fresno
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $618.9k | $17.40 |
| − Vacancy | −$114.5k | −$3.22 |
| EGI | $504.4k | $14.18 |
| − OpEx | −$126.1k | −$3.55 |
| NOI | $378.3k | $10.64 |
35,568 SF · lease $17.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$5.81M
$5.08M – $6.77M
NOI $406,366 @ 7.0% cap · market cap 9.45%
Second Best
Office B
$5.40M
$4.73M – $6.30M
NOI $378,292 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$7.58M
$6.63M – $8.84M
NOI $530,618 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,234
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse improvements occupy a fenced industrial property with dual street access, yard storage, and room for future development.
Where is this flex space located?
The property is located at 5733 E Shields Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 35,568+ SF office/warehouse facility on 4.15+ acres; 13,900+ SF of administrative office space; Zoned IL (Light Industrial) in Fresno
