Earlimart Industrial Building on
For Sale
Contact for pricing
6770 Rd 136, Earlimart, CA 93219
10,000 SF industrial building on 15.08 acres for sale.
Property Size10,000 SF
Lot Size15.08 Acres
Price / SF$180
Days on Market713
Property Features for 6770 Rd 136
General Information
Standard status
Active
Size
10,000 SF
Lot size
15.08 Acres
Property subtype
Industrial
Zoning
M-1: Light Manufacturing
Investment Type
Owner/User
Building Details
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Listing Agency:
C21 Commercial
(559) 359-4035
Listed By:
Jared Ennis · License #CA
Source:
Crexi
Added: Sep 17, 2024
Changed: Aug 26
Last Checked: Aug 29 at 7:00PM
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.
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 = 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
$70,694
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
3.93%
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%
$1,413,880
$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
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
$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 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%
$1,413,880
Cap Rate 7%
$1,009,914
Cap Rate 9%
$785,489
Alternative Uses
Best Use
Warehouse
$1.01M
$883.7K – $1.18M
NOI $70,694 @ 7.0% cap · market cap 3.93%
Second Best
Industrial
$831.7K
$727.7K – $970.3K
NOI $58,218 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$3.04M
$2.66M – $3.54M
NOI $212,625 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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.
