Oakhurst Mixed-Use Development
For Sale
Contact for pricing
40843 CA-41, Oakhurst, CA 93644
Two buildings on 0.94 acres, ideal for owner-user or development.
Property Size3,450 SF
Lot Size0.94 Acres
Price / SF$159.42
Days on Market912
Property Features for 40843 CA-41
General Information
Standard status
Active
Size
3,450 SF
Lot size
0.94 Acres
Property subtype
Retail
Zoning
CRM - Commercial, Rural, Median District
Lease Type
Modified Gross
Building Details
Buildings
2
Listing Agency:
C21 Commercial
(559) 359-4035
Listed By:
Jared Ennis · License #CA
Source:
Crexi
Added: Feb 23, 2024
Changed: Aug 16
Last Checked: Aug 23 at 6:15AM
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 mixed-use property in Oakhurst, CA, presents an owner-user or development opportunity. It features two freestanding buildings totaling approximately 3,450 square feet on a 0.94-acre lot. The site includes an approximately 1,450-square-foot retail building on an upper lot of approximately 22,160 square feet, and an approximately 2,000-square-foot office/warehouse building on a lower lot of approximately 18,787 square feet. The flex building offers a wide-open area with two private restrooms, a large warehouse, and a covered front overhang. The rear office/warehouse building includes an approximately 500-square-foot office with a full restroom and shower, and an approximately 1,500-square-foot wide-open warehouse. The property is zoned CRM, making it suitable for a brew house. It is associated with the Cal Water District and features a septic tank. The property is strategically located along Highway 41, offering easy access and visibility.
Key Highlights
- Mixed‑use property with two freestanding buildings totaling ±3,450 SF on a large 0.94‑acre lot
- Strategically located along Highway 41, providing excellent access and high visibility
- CRM zoning designation, ideally suited for a brew house or similar ventures
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
$50,182
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
9.12%
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%
$1,003,640
$1.0M
Cap Rate 7%
$716,886
$716.9K
Cap Rate 9%
$557,578
$557.6K
Market Conditions
NOI Build-Up for 3,450 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
$63.8K $18.48/SF
− Vacancy
−$4.7K −$1.37/SF
EGI
$59.0K $17.11/SF
− OpEx
−$8.9K −$2.57/SF
NOI
$50.2K $14.55/SF
Area
Madera County, CA
Vacancy
7.40%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
15.00%
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%
$1,003,640
Cap Rate 7%
$716,886
Cap Rate 9%
$557,578
Alternative Uses
Best Use
Office B
$1.13M
$985.4K – $1.31M
NOI $78,829 @ 7.0% cap · market cap 14.33%
Second Best
Retail
$1.01M
$881.3K – $1.18M
NOI $70,507 @ 7.0% cap · market cap 12.82%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,459 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 93644, CA
7,751
Population
3,788
Households
2
Avg Household Size
52
Median Age
26%
College-Educated
91%
High-School Grad
117.1 sq mi
ZIP Area
66
Density / Sq Mi
$75,241
Median Household Income
$29,056
Median Earnings
$1,301
Median Rent
$378,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings on 0.94 acres, ideal for owner-user or development.
Where is this mixed-use property located?
The property is located at 40843 CA-41 Oakhurst, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Mixed‑use property with two freestanding buildings totaling ±3,450 SF on a large 0.94‑acre lot; Strategically located along Highway 41, providing excellent access and high visibility; CRM zoning designation, ideally suited for a brew house or similar ventures
