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Property profile & analytics
FOR SALE
Flex space
5333 N Cornelia Ave Fresno, CA 93722
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3032204
For Sale
1 / 10
$11,500,000
5333 N Cornelia Ave, Fresno, CA 93722
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Property summary
AI-generated overview
This exceptional industrial property, located at 5333 N Cornelia Ave, Fresno, CA 93722, presents a significant opportunity. The single-tenant warehouse boasts a total of 100,000 square feet, with 60,000 square feet currently available for lease. Situated on a 6.94-acre lot, this single-story building features reinforced concrete construction and is zoned M1, making it ideal for manufacturing businesses. The property offers four loading docks, providing efficient access for freight handling. Lease terms are flexible, with month-to-month options available. Units include private restrooms, secure storage, Wi-Fi connectivity, and robust power (2,000-amp, 480-volt, three-phase). The warehouse is conveniently located within reach of Downtown Fresno, offering easy access to transportation and city amenities. This space is perfect for businesses needing 5,000 to 60,000 square feet of warehouse space. The property's size and features make it a highly desirable location for a variety of industrial uses.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Construction
TILT-UP CONCRETE
Total area
85,917 SF
Lot
6.97 ac (303,613 SF)
Zoning code
IL
APN
509-040-13
UPID
US09-3032204
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
granitecenter llc Building Supply Hardware & Home Improvement
-
BAU Modular Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.71M
Comparable Approach
Comparable
$7.75M
Blend (final)
Blend
$8.22M
Owner & transaction history
5333 Go LP · 8 yrs held
5333 Go LP
since 2018
5 recorded transactions
Zoning & alternative use
IL · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.7M
+13.0%
Auto repair, garage
$13.3M
+9.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,520,000
6.5%
$9,710,000
7%
$9,020,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,080,000
Current use
OFFICE BUILDING
$13,655,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,250,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,005,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$8.22M
Range $7.40M – $9.04M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$57,948
Tax year 2024
Assessed value
$4,462,072
Assessed 2024
Previous assessed
$4,462,072
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,338,621
Assessed improvement
$3,123,451
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
85,917 SF
Lot
6.97 ac (303,613 SF)
Zoning code
IL
APN
509-040-13
UPID
US09-3032204
Jurisdiction
FRESNO
Zoning & alternative use
IL · Fresno, CA
Zoning IL · permitted uses
IL · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.1M
OFFICE BUILDING
Est. value
$13.7M
AUTO REPAIR, GARAGE
Est. value
$13.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
6.97 ac
Current owner
From public records · entity-resolved
5333 Go LP
Entity
Mailing address
3525 52ND AVE, SACRAMENTO, CA 95823-1807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2018
$4,550,000
5333 Go LP
Cummins INC
Trustees Deed
$1,592,500 · Tri Counties Bank
Jan 8, 2018
—
5333 G O LP
—
Grant Deed
related
$2,275,000 · Tri Counties Bank
Oct 1, 2013
$4,813,500
Cummins Pacific LLC
Btw Properties LLC
Grant Deed
$80,000,000 · Wells Fargo Bank NA
Feb 15, 2002
—
Btw Properties LLC
Speed Merchant INC
Grant Deed
related
—
Feb 7, 1997
$2,050,000
Speed Merchant INC
Valley Decorating Co INC
Grant Deed
$1,600,000 · Indianapolis Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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