Fresno Warehouse with Fenced
For Sale
Contact for pricing
5741 E Central Ave, Fresno, CA 93725
25,760 SF office/warehouse on 6.42 acres near Freeway 99.
Property Size25,760 SF
Lot Size6.42 Acres
Price / SF$92.20
Days on Market796
Property Features for 5741 E Central Ave
General Information
Standard status
Active
Size
25,760 SF
Lot size
6.42 Acres
Property subtype
Industrial
Zoning
M1 - Industrial
Lease Type
Modified Gross
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
C21 Commercial
Listed By:
Jared Ennis · License #CA
(559) 705-1000
Source:
Crexi
Added: Jul 1, 2024
Changed: Aug 23
Last Checked: Sep 3 at 3:21AM
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 approximately 25,760 square feet of office and warehouse space situated on approximately 6.42 acres of M-1 Industrial zoned land in Fresno, California, near Freeway 99. The property includes approximately 4,230 square feet of office space and approximately 21,530 square feet of warehouse space, along with a large fenced yard area suitable for various uses. The warehouse is accessible via four truck wells and three 10’ x 11’ ground-level loading doors. The building is fully insulated and features a metal roof, a 19’ clear height warehouse, 120/480 volt 3-phase separately metered power, and LED lighting throughout. The site provides a large fenced yard area with abundant trailer and truck parking and multiple access points.
Key Highlights
- Large fenced yard area on +/- 6.42 acres, accommodating various uses and abundant trailer/truck parking.
- +/- 21,530 SF of warehouse space with 19’ clear height.
- Located near Freeway 99 in Fresno, CA.
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
$189,269
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
7.97%
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%
$3,785,380
$3.8M
Cap Rate 7%
$2,703,843
$2.7M
Cap Rate 9%
$2,102,989
$2.1M
Market Conditions
NOI Build-Up for 25,760 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
$275.1K $10.68/SF
− Vacancy
−$4.7K −$0.18/SF
EGI
$270.4K $10.50/SF
− OpEx
−$81.1K −$3.15/SF
NOI
$189.3K $7.35/SF
Area
Fresno, CA
Vacancy
1.72%
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%
$3,785,380
Cap Rate 7%
$2,703,843
Cap Rate 9%
$2,102,989
Alternative Uses
Best Use
Flex RnD
$4.91M
$4.29M – $5.73M
NOI $343,587 @ 7.0% cap · market cap 14.47%
Second Best
Industrial
$2.70M
$2.37M – $3.15M
NOI $189,269 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$7.59M
$6.64M – $8.86M
NOI $531,377 @ 7.0% cap · market cap 22.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93725, CA
26,162
Population
6,998
Households
3.7
Avg Household Size
30
Median Age
13%
College-Educated
68%
High-School Grad
67.0 sq mi
ZIP Area
390
Density / Sq Mi
$71,099
Median Household Income
$34,943
Median Earnings
$1,222
Median Rent
$262,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 25,760 SF office/warehouse on 6.42 acres near Freeway 99.
Where is this flex space located?
The property is located at 5741 E Central Ave Fresno, CA.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Large fenced yard area on +/- 6.42 acres, accommodating various uses and abundant trailer/truck parking.; +/- 21,530 SF of warehouse space with 19’ clear height.; Located near Freeway 99 in Fresno, CA.
