Office Building For
For Sale
$998,000
1490 W Shaw Avenue, Fresno, CA 93711
Commercial, Fresno, CA
Property Size5,059 SF
Lot Size0.34 Acres
Price / SF$197.27
Days on Market116
Property Features for 1490 W Shaw Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CMX
Exterior features
Stucco
Directions
From 41 to Shaw Avenue, head West. Property in on your left just past Fruit. Park on street or behind building. Plenty of parking behind the building.
Subdivision
711
Standard status
Active
APN
41728231
Size
5,059 SF
Lot size
0.34 Acres
Building Details
Year built
1967
Floors in Building
1
Roof type
Composition, Metal
Listing Agency:
Realty Concepts - Oakhurst
(559) 641-2700
Listed By:
Tonya Regert · License #02102624
(559) 433-7998
Added: Apr 30
Changed: Aug 22
Last Checked: Aug 23 at 11:06AM
MLS# 648980
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is an office building totaling 5,059 square feet, offered for sale on a 0.3444-acre lot. It presents as a dedicated commercial office asset suitable for owner-users or tenants seeking a stand-alone building format.
The building is located at 1490 W Shaw Avenue in Fresno, CA 93711. The property’s Fresno setting supports everyday office needs and provides a straightforward address for clients, staff, and deliveries.
For prospective tenants or buyers, the key consideration is the available office footprint within a single-building configuration. Because the offering is for sale, it may appeal to users looking to secure their space directly rather than lease, as well as investors or operators who prefer to evaluate the building as an asset. Interested parties should confirm specific interior layout, current condition, and any improvements or tenant-ready details during due diligence.
The building is located at 1490 W Shaw Avenue in Fresno, CA 93711. The property’s Fresno setting supports everyday office needs and provides a straightforward address for clients, staff, and deliveries.
For prospective tenants or buyers, the key consideration is the available office footprint within a single-building configuration. Because the offering is for sale, it may appeal to users looking to secure their space directly rather than lease, as well as investors or operators who prefer to evaluate the building as an asset. Interested parties should confirm specific interior layout, current condition, and any improvements or tenant-ready details during due diligence.
Key Highlights
- Stucco exterior
- Roof: composition and metal
- Year built: 1967
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
$74,898
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
7.50%
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%
$1,497,960
$1.5M
Cap Rate 7%
$1,069,971
$1.1M
Cap Rate 9%
$832,200
$832.2K
Market Conditions
NOI Build-Up for 5,059 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
$106.2K $21.00/SF
− Vacancy
−$6.4K −$1.26/SF
EGI
$99.9K $19.74/SF
− OpEx
−$25.0K −$4.94/SF
NOI
$74.9K $14.81/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,497,960
Cap Rate 7%
$1,069,971
Cap Rate 9%
$832,200
Alternative Uses
Best Use
Office B
$1.07M
$936.2K – $1.25M
NOI $74,898 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,357 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 93711, CA
37,901
Population
16,643
Households
2.3
Avg Household Size
43
Median Age
46%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
3,384
Density / Sq Mi
$97,492
Median Household Income
$53,122
Median Earnings
$1,561
Median Rent
$469,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-sized office building offered for sale in Fresno, California.
Where is this office building located?
The property is located at 1490 W Shaw Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Stucco exterior; Roof: composition and metal; Year built: 1967
