5333 N Cornelia Ave, Fresno, CA 93722
- Flex space
- 85,917 SF
- 6.97 lot acres
Current Use by Public Records
- granitecenter llc / Building Supply / Hardware & Home Improvement
- BAU Modular / Construction Company / General Contractor
Property Details for 5333 N Cornelia Ave
- Year built
- 1980
- Construction
- TILT-UP CONCRETE
- Lot size
- 6.97 lot acres
- Zone code
- IL
- Property type
- Flex space
- APN
- 509-040-13
- APU
- 50904013
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 8, 2018 | $4,550,000 | 5333 Go LP | Cummins INC | Trustees Deed | $1.6M · Tri Counties Bank |
| Jan 8, 2018 | — | 5333 G O LP | — | Grant Deed · related | $2.3M · Tri Counties Bank |
| Oct 1, 2013 | $4,813,500 | Cummins Pacific LLC | Btw Properties LLC | Grant Deed | $80M · 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 | $1.6M · Indianapolis Life Insurance Co |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,520,000
- 6.5%
- $9,710,000
- 7%
- $9,020,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,745,000
- AI Estimate
- $7,207,000
Market price range: $3.74M - $29.5MMarket price range: $1.60M - $17.5M -
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
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.882
- Latitude
- 36.8145
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA
