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    401 E St Madera, CA 93638

    For Sale
    $2,475,000

    Multi-tenant flex warehouse, high ROI

    Property size:
    44,165 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional value-add investment opportunity presents a 44,165 square foot multi-tenant industrial complex situated on 1.83 acres in Madera, California. The property, comprised of six single-story buildings constructed in 1977 and renovated in 2023, features 20 units currently leased to 17 tenants at 91.15% occupancy. The complex boasts a strong net operating income (NOI) of $201,402, with a pro-forma NOI projected at $343,143 after lease stabilization and rent increases. The asking price is $2,475,000, representing a current cap rate of 8.14% and a pro-forma cap rate of 13.86%. Leases are gross, with built-in 3% annual rent bumps. The property includes 55 parking spaces and features 14-foot ceilings, roll-up doors, and evaporative coolers and heaters. Units range from 980 to 6,000 square feet, averaging 2,270 square feet, and offer flexible configurations suitable for various uses, including office/showroom, shop, and warehouse space. The property benefits from excellent visibility and convenient access to Highway 99. The zoning is Commercial Service, and the property is well-maintained with ample yard space. This investment offers significant upside potential through lease-up of vacant units and market rent adjustments. The property's strong tenant base, low maintenance requirements, and prime location make it an attractive opportunity for investors seeking substantial returns.

    Property Features for 401 E St

    General Information

    Property type
    Distribution properties
    Square Feet
    44,165 SF
    Class
    B
    Lot Size
    79,715 SF

    Building Details

    Year Built/Renovated
    1977/2023
    Buildings
    6
    Stories
    1
    Units
    20

    HighLights

    • $2,475,000 asking price for a value‑add industrial property in Madera, CA.
    • 44,165 square feet on 1.83 acres with 17 tenants and 91.15% occupancy.
    • Currently generating $201,402 NOI, with pro‑forma NOI projected at $343,143, representing an 8.14% cap rate and a pro‑forma cap rate of 13.86%.
    • Six single‑story buildings totaling 44,165 rentable square feet, built in 1977 and renovated in 2023, featuring 14‑foot ceilings.
    • Property includes 55 parking spaces and offers 3% annual rent increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Adrian's Auto Body ... Auto Body Shop Smog Check Smog Inspection Station Sinai Auto Repair. Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madera
    County
    Madera
    State
    California
    Longitude
    -120.06224423927
    Latitude
    36.964748185312

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant flex warehouse, high ROI
    Where is this distribution property located?
    The property is located at 401 E St Madera, CA.
    What is the asking price?
    The asking price for this property is $2,475,000.
    What are key features of this property?
    This property features: $2,475,000 asking price for a value-add industrial property in Madera, CA.; 44,165 square feet on 1.83 acres with 17 tenants and 91.15% occupancy.; Currently generating $201,402 NOI, with pro-forma NOI projected at $343,143, representing an 8.14% cap rate and a pro-forma cap rate of 13.86%.
    Request Owner's contact information
    401 E St Madera, CA 93638
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 E St Madera, CA 93638
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