Technical
Financial
Distress signals
Property profile

2045 S Van Ness Ave Fresno, CA 93721

FOR LEASE
Flex space
Property ID
US09-0560175
25,140 SF 1.21 ac lot Built 1945
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 25,140-square-foot industrial warehouse, located at 2045 S Van Ness Ave, Fresno, CA 93721, presents a significant opportunity for businesses seeking versatile space. Classified as a Class B property, this multi-tenant warehouse boasts a substantial 20-25-foot ceiling height, providing ample vertical storage capacity. The property features four 12x14 roll-up doors, ensuring efficient loading and unloading. A fully fenced perimeter and additional yard space offer secure outdoor storage or operational areas. Recent improvements significantly enhance the property's functionality and appeal. These upgrades include a brand-new asphalt surface, a completely new roof and gutters, and energy-efficient LED lighting throughout the interior and exterior. The interior includes a restroom facility, with the remaining space dedicated to warehouse operations. The property is zoned IH and is conveniently located near the cross streets of S East & E California Avenues. Electricity is provided by a 240-volt, 3-phase system. This property is available for sale or lease.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1945
Construction TILT-UP CONCRETE
Total area 25,140 SF
Lot 1.21 ac (52,707 SF)
Zoning code IH
APN 468-333-16
UPID US09-0560175

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
  • Big Box & Wholesale Store
  • Distribution Center Logistics Company

Location

2045 S Van Ness Ave Fresno, CA 93721
Fresno metro Census 400 FRESNO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$875k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$875k

Owner & transaction history

since 2024
Last sale
$875,000
4 recorded transactions
2025
Price N/A
2024
Price N/A
2024
$875,000
2002
$275,000

Zoning & alternative use

IH · Fresno, CA
Zoning description

The IH district is intended to accommodate the broadest range of industrial uses on sites identified in the General Plan. It includes manufacturing, assembly, wholesaling, distribution, and storage activities that are es…

General category INDUSTRIAL

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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