Property profile

1775 Park St Selma, CA 93662

FOR LEASE
Flex space
Property ID
US09-2279497
346,771 SF 32.8 ac lot Built 1990
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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1775 Park St, Selma, CA 93662 For Lease
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1775 Park St, Selma, CA 93662
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Property summary

AI-generated overview

This exceptional 24,175-square-foot manufacturing facility, situated on a 2-acre lot at 1775 Park Street in Selma, CA, presents a unique investment opportunity. Built in 1974, the property boasts a flexible layout ideal for various industrial uses. The entire 24,175 square feet is currently vacant, offering immediate occupancy. The building features ceiling heights ranging from 22 to 25 feet, and includes one dock-high door for efficient loading and unloading. The property is zoned M-2 (Heavy Industrial, City of Selma), allowing for a wide range of industrial operations. Utilities are readily available, with power and gas provided by PG&E and sewer and water services provided by the Selma-Kingsburg-Fowler County Sanitation District. A significant advantage is the substantial yard space, potentially up to 12 acres, offering ample room for storage, outdoor operations, or even build-to-suit development. The property's prime location along Highway 99 provides excellent visibility and accessibility, making it ideal for businesses requiring high traffic exposure. The seller is highly motivated and prepared to act quickly to facilitate a smooth transaction. This is a rare opportunity to acquire a well-located, versatile industrial property with significant expansion potential.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 346,771 SF
Lot 32.8 ac (1,428,768 SF)
Zoning code M2
APN 390-111-12
UPID US09-2279497

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company
  • Construction Company
  • Car Dealership
  • Construction Company
  • Auto Repair Shop

Location

1775 Park St Selma, CA 93662
Selma metro Census 7102 FRESNO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.95M
Blend (final) Blend
$8.52M

Owner & transaction history

since 2019
1 recorded transaction
2019
$7.3M

Zoning & alternative use

M2 · Selma, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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