Building Details

Year Renovated 2022

Buildings 1

Stories 1

Units 1

Listing Agency: C21 Commercial

Listed By: Jared Ennis · License #CA Show Phone

Source: Crexi

Added: Sep 17, 2024 Changed: Oct 13 Last Checked: Oct 12 at 8:40PM

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Investment Insights

Based on property information with market context.

The property features a freestanding steel industrial building with a size of 10,000 square feet, situated on a 15.08-acre lot. It is suitable for manufacturing, distribution, or storage purposes. The building includes large roll-up doors on the east and west sides under covered docks, along with two offices. The property is equipped with essential utilities and a newly drilled commercial water well producing over 500 gallons per minute, a pump, and a 5,000-gallon pressure tank. Security is provided by a 7-foot chain link fence topped with razor ribbon. The flexible industrial zoning supports various uses, including manufacturing, assembly, packaging, treatment, and processing. Riparian Rights permit water extraction from Deer Creek for irrigation. There is potential for future expansion or development, with the ability to build an additional 50,000 square feet of space.

Key Highlights

• ±15.08 AC with potential to build an additional 50,000 SF of space.
• Newly drilled commercial water well producing over 500 gallons per minute with pump and 5,000‑gallon pressure tank.
• ±10,000 SF freestanding steel industrial building** suitable for manufacturing, distribution, or storage.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,694

Cap Rate

3.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,413,880 $1.4M

Cap Rate 7%

$1,009,914 $1.0M

Cap Rate 9%

$785,489 $785.5K

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$90.0K $9.00/SF

− Vacancy

−$6.8K −$0.68/SF

EGI

$83.2K $8.32/SF

− OpEx

−$12.5K −$1.25/SF

NOI

$70.7K $7.07/SF

Area

Tulare County, CA

Vacancy

7.59%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,413,880

Cap Rate 7%

$1,009,914

Cap Rate 9%

$785,489

Alternative Uses

Best Use

Warehouse

$1.01M

$883.7K – $1.18M (±1% cap)

NOI $70,694 @ 7.0% cap · market cap 3.93%

Second Best

Industrial

$831.7K

$727.7K – $970.3K (±1% cap)

NOI $58,218 @ 7.0% cap · market cap 3.23%

Theoretical Best

Specialty Retail

$3.04M

$2.66M – $3.54M (±1% cap)

NOI $212,625 @ 7.0% cap · market cap 11.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Explore this area Business Placement

Demographics for 93219, CA

9,324

Population

2,481

Households

3.8

Avg Household Size

29

Median Age

4%

College-Educated

47%

High-School Grad

102.9 sq mi

ZIP Area

91

Density / Sq Mi

$52,883

Median Household Income

$22,322

Median Earnings

$945

Median Rent

$266,000

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - 10,000 SF industrial building on 15.08 acres for sale.

Where is this manufacturing property located?

The property is located at 6770 Rd 136 Earlimart, CA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: ±15.08 AC with potential to build an additional 50,000 SF of space.; Newly drilled commercial water well producing over 500 gallons per minute with pump and 5,000‑gallon pressure tank.; ±10,000 SF freestanding steel industrial building** suitable for manufacturing, distribution, or storage.