New Industrial Buildings Near
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4630 E Olive Ave, Fresno, CA 93702
New office/warehouse spaces available near Highway 180 and 168.
Property Size30,300 SF
Price / SF$163.37
Days on Market772
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Property Features for 4630 E Olive Ave
General Information
Standard status
Active
Size
30,300 SF
Property subtype
Industrial, Office
Zoning
M1 - Light Manufacturing
Lease Type
NNN
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
C21 Commercial
Listed By:
Jared Ennis · License #CA
(559) 432-5533
Source:
Crexi
Added: Sep 4, 2024
Changed: Oct 7
Last Checked: Oct 14 at 8:45PM
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.
These brand new industrial buildings are located off Highway 180 in Fresno, CA. Multiple spaces are available, ranging from approximately 4,050 to 30,300 square feet, within three new office/warehouse buildings in central Fresno. Construction is currently underway, with an estimated completion date of May 2025. Building A, with approximately 14,400 square feet, is divisible by approximately 7,200 square feet. Building B offers approximately 7,800 square feet, and Building C, with approximately 8,100 square feet, is divisible by approximately 4,050 square feet. Each building includes an approximately 429-square-foot office space, featuring a 12' x 27' office/showroom and an 8' x 12' ADA restroom. The buildings have a 16' clear span (21' peak), 12' x 12' ground-level rollup doors, fire sprinklers, full insulation, skylights, and air vents throughout, as well as coolers and heaters. Tenants have access to full surveillance cameras, a fully automated rod iron security fence, a fully improved parking/yard area, and abundant street parking on all three streets. The site provides ample loading area with semi access and 43 parking spaces. The property is visible from three streets and offers a convenient location with four 30' wide access points and excellent access to both Hwy. 180 and HWY 168.
Key Highlights
- Excellent access to both Hwy. 180 and HWY 168 in Fresno, CA.
- Brand new construction with estimated completion by May 2025.
- Multiple spaces available ranging from ±4,050 SF - 30,300 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$397,760
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,955,200
$8.0M
Cap Rate 7%
$5,682,286
$5.7M
Cap Rate 9%
$4,419,556
$4.4M
Market Conditions
NOI Build-Up for 30,300 SF
Gross rent
$654.5K $21.60/SF
− Vacancy
−$42.5K −$1.40/SF
EGI
$611.9K $20.20/SF
− OpEx
−$214.2K −$7.07/SF
NOI
$397.8K $13.13/SF
Area
ZIP 93702
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,955,200
Cap Rate 7%
$5,682,286
Cap Rate 9%
$4,419,556
Alternative Uses
Best Use
Flex RnD
$5.68M
$4.97M – $6.63M
NOI $397,760 @ 7.0% cap · market cap 8.04%
Second Best
Industrial
$3.18M
$2.78M – $3.71M
NOI $222,627 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$7.39M
$6.47M – $8.63M
NOI $517,592 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93702, CA
45,741
Population
13,386
Households
3.4
Avg Household Size
29
Median Age
9%
College-Educated
57%
High-School Grad
5.2 sq mi
ZIP Area
8,796
Density / Sq Mi
$44,849
Median Household Income
$27,486
Median Earnings
$1,110
Median Rent
$211,900
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
Frequently Asked Questions
What type of property is this?
Flex space - New office/warehouse spaces available near Highway 180 and 168.
Where is this flex space located?
The property is located at 4630 E Olive Ave Fresno, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Excellent access to both Hwy. 180 and HWY 168 in Fresno, CA.; Brand new construction with estimated completion by May 2025.; Multiple spaces available ranging from ±4,050 SF - 30,300 SF.
