Limited Industrial Flex
For Sale
Contact for pricing
900 Wakefield Dr, Oakdale, CA 95361
Warehouse clear heights range from 22 to 32 feet, supported by spot or station HVAC for summer temperature control.
Property Size57,441 SF
Lot Size3.42 Acres
Price / SF$126.22
Days on Market212
Property Features for 900 Wakefield Dr
General Information
Standard status
Active
Size
57,441 SF
Lot size
3.42 Acres
Property subtype
INDUSTRIAL
Zoning
L-M
Additional Details
Clear Height
32 ft
Amenities
Owned Solar System
Listing Agency:
SVN | Clovis Commercial
(559) 400-0830
Listed By:
Cameron Graham · License #01970844
(559) 289-6064
Source:
Moodyscre
Added: Feb 13
Changed: Sep 2
Last Checked: Sep 12 at 11:29AM
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 SVN | Clovis Commercial
Investment Insights
Based on property information with market context.
This limited industrial flex warehouse sits on a 3.42-acre parcel and includes approximately 12,730 SF of combined office space. The warehouse configuration offers clear heights ranging from 22 to 32 feet. For environmental control, spot/station HVAC is included with the stated capability of keeping warehouse temperatures below 80° during summer conditions.
The property is zoned L-M (Limited Industrial) and features an owned solar system. A second solar system is also noted as being available on the second building phase, supporting ongoing energy generation.
Designed for a mixed office-and-warehouse setup on a large lot, the asset provides a straightforward foundation for limited industrial uses, with office space integrated into the overall facility footprint.
The property is zoned L-M (Limited Industrial) and features an owned solar system. A second solar system is also noted as being available on the second building phase, supporting ongoing energy generation.
Designed for a mixed office-and-warehouse setup on a large lot, the asset provides a straightforward foundation for limited industrial uses, with office space integrated into the overall facility footprint.
Key Highlights
- 12,730 SF of combined office space
- 3.42‑acre parcel zoned L‑M (limited industrial)
- Warehouse clear height of 22' to 32'
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
$639,801
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
8.82%
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%
$12,796,020
$12.8M
Cap Rate 7%
$9,140,014
$9.1M
Cap Rate 9%
$7,108,900
$7.1M
Market Conditions
NOI Build-Up for 57,441 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
$1.03M $18.00/SF
− Vacancy
−$49.6K −$0.86/SF
EGI
$984.3K $17.14/SF
− OpEx
−$344.5K −$6.00/SF
NOI
$639.8K $11.14/SF
Area
Stanislaus County, CA
Vacancy
4.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$12,796,020
Cap Rate 7%
$9,140,014
Cap Rate 9%
$7,108,900
Alternative Uses
Best Use
Flex RnD
$9.14M
$8.00M – $10.66M
NOI $639,801 @ 7.0% cap · market cap 8.82%
Second Best
Warehouse
$5.98M
$5.23M – $6.97M
NOI $418,331 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$26.70M
$23.36M – $31.15M
NOI $1,868,864 @ 7.0% cap · market cap 25.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
32 ft
Clear height
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95361, CA
35,019
Population
12,913
Households
2.7
Avg Household Size
40
Median Age
24%
College-Educated
86%
High-School Grad
217.4 sq mi
ZIP Area
161
Density / Sq Mi
$91,381
Median Household Income
$47,508
Median Earnings
$1,496
Median Rent
$479,900
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 - Warehouse clear heights range from 22 to 32 feet, supported by spot or station HVAC for summer temperature control.
Where is this flex space located?
The property is located at 900 Wakefield Dr Oakdale, CA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: 12,730 SF of combined office space; 3.42‑acre parcel zoned L‑M (limited industrial); Warehouse clear height of 22' to 32'
