New Industrial Buildings Near
For Sale
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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 Market727
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
(559) 359-4035
Listed By:
Jared Ennis · License #CA
Source:
Crexi
Added: Sep 4, 2024
Changed: Aug 14
Last Checked: Aug 30 at 8:50PM
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 = 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
$397,760
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
8.04%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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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.
