Freestanding Warehouse with Detached
For Sale
Contact for pricing
1308 W Iota Ave, Fresno, CA 93728
4,320 SF warehouse with office on 0.35 acres.
Property Size4,320 SF
Lot Size0.35 Acres
Price / SF$103.94
Days on Market1206
Property Features for 1308 W Iota Ave
General Information
Standard status
Active
Size
4,320 SF
Lot size
0.35 Acres
Property subtype
INDUSTRIAL
Lease Type
Modified Gross
Properties For Sale
at 1308 W Iota Ave
1308 W Iota Ave
AVAILABLE, Now
Floor
Bldg
Size
4,320 SF
Type
INDUSTRIAL
Lease Type
MODIFIED_GROSS
Sublease
No
- ±4,320 sf clear span freestanding warehouse building with detached office on 0.35 acres of land with ca-99 exposure.
- The warehouse building is ±3,600 sf which includes (4) 12'x12' rollup doors, (2) man doors, 14' clear height, & a 20'x24' covered structure that connects the office and warehouse.
- The office building is ±720 sf located on east side of the property with direct access to the entrance gate.
- The two buildings total ±4,320 sf & are fully fenced with a completely paved yard area, two main entrances, at a strategic location in central fresno with multiple access points to major streets & freeways.
- The warehouse is currently split into two sections which are ±1,950 and ±1,650 sf.
- Two freestanding buildings totaling ±4,320 sf
- Located on ±0.35 acres
- Warehouse building - ±3,600 sf
- Office building - ±720 sf
- Covered structure - 20' x 24'
- Fully paved yard area + fenced in
- (4) 12x12 roll up doors w/14' clear height
- Excellent access to fwy-180 & fwy-99
- 600 amps, 3 phase power
- Small office + oversized warehouse
- Close proximity to major traffic generators.
Contact us
Listing Agency:
KW Commercial | Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 302-8698
Source:
Moodyscre
Added: Jun 28, 2023
Changed: Oct 3
Last Checked: Oct 14 at 11:15PM
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
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Investment Insights
Based on property information with market context.
This property features a clear span freestanding warehouse building with a detached office, situated on 0.35 acres of land. The warehouse building provides approximately 3,600 square feet of space, incorporating four 12'x12' rollup doors, two man doors, and a 14' clear height. A 20'x24' covered structure connects the office and warehouse. The office building, located on the east side of the property, offers approximately 720 square feet and direct access to the entrance gate. The two buildings total approximately 4,320 square feet. The property is fully fenced with a completely paved yard area and two main entrances. It is strategically located in Central Fresno, offering multiple access points to major streets and freeways, and exposure to CA-99. The warehouse is currently split into two sections, measuring approximately 1,950 and 1,650 square feet.
Key Highlights
- Freestanding warehouse with detached office totaling ±4,320 SF on 0.35 acres.
- High visibility location with CA‑99 exposure.
- Fully fenced and paved yard with two entrances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,542
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,840
$770.8K
Cap Rate 7%
$550,600
$550.6K
Cap Rate 9%
$428,244
$428.2K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$46.1K $10.68/SF
− Vacancy
−$794 −$0.18/SF
EGI
$45.3K $10.50/SF
− OpEx
−$6.8K −$1.57/SF
NOI
$38.5K $8.92/SF
Area
Fresno, CA
Vacancy
1.72%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,840
Cap Rate 7%
$550,600
Cap Rate 9%
$428,244
Alternative Uses
Best Use
Office B
$913.7K
$799.5K – $1.07M
NOI $63,958 @ 7.0% cap · market cap 14.24%
Second Best
Warehouse
$550.6K
$481.8K – $642.4K
NOI $38,542 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,113 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93728, CA
16,191
Population
6,878
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
5,397
Density / Sq Mi
$52,809
Median Household Income
$34,696
Median Earnings
$1,243
Median Rent
$239,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
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- Central Mini Storage — 1309 N Golden State Blvd, Fresno, CA 93728
Frequently Asked Questions
What type of property is this?
Warehouse - 4,320 SF warehouse with office on 0.35 acres.
Where is this warehouse located?
The property is located at 1308 W Iota Ave Fresno, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Freestanding warehouse with detached office totaling ±4,320 SF on 0.35 acres.; High visibility location with CA‑99 exposure.; Fully fenced and paved yard with two entrances.
