Freestanding Warehouse with Detached
1308 W Iota Ave Fresno, CA 93728
1308 W Iota Ave, Fresno, CA, 93728
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For Sale
Contact for pricing
4,320 SF warehouse with office on 0.35 acres.
Property Size4,320 SF
Lot Size0.35 Acres
Price / SF$103.94
Days on Market1268
Property Features for 1308 W Iota Ave
General Information
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 0.35 Acres
- Property subtype
- Industrial, Mixed Use
Listing Agency
C21 Commercial
(559) 359-4035
Listed by
Kevin Land · License #CA 01516541
Source
Crexi
Added: Jan 26, 2023 Checked: Jul 17 at 3:33 am
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 C21 Commercial
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.
Local Financial Insights For Warehouse
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 | $46.1k | $10.68 |
| − Vacancy | −$794 | −$0.18 |
| EGI | $45.3k | $10.50 |
| − OpEx | −$6.8k | −$1.57 |
| NOI | $38.5k | $8.92 |
4,320 SF · lease $10.68/SF/yr · vacancy 1.72% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
Similar Off Market Nearby
- Derrel's Mini Storage — 1800 W Belmont Ave, Fresno, CA 93728
- Central Mini Storage — 1309 N Golden State Blvd, Fresno, CA 93728
- U-Pack — 330 S Teilman Ave, Fresno, CA 93706
FAQs
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.
