Retail Space with Garage
For Sale
Contact for pricing
1025 Fulton St, Fresno, CA
Retail property featuring street and covered garage parking.
Property Size15,060 SF
Lot Size1.67 Acres
Price / SF$157.70
Days on Market536
Property Features for 1025 Fulton St
General Information
Standard status
Active
Size
15,060 SF
Lot size
1.67 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 1025 Fulton St Contact us- Floor
- 2
- Size
- 4,310 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1025 Fulton St
- Built-In sky lights and windows invite an abundance of natural lighting into a
well-designed...
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Listing Agency:
Robert Ellis Leasing and Investment, Inc.
(559) 285-3355
Listed By:
Robert Ellis · License #00870649
(559) 285-3355
Source:
Moodyscre
Added: Mar 5, 2025
Changed: Aug 8
Last Checked: Aug 23 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Ellis Leasing and Investment, Inc.
Investment Insights
Based on property information with market context.
This retail property offers up to approximately 15,060 square feet of space. The first floor provides between approximately 9,100 and 10,750 square feet, with an additional approximately 4,310 square feet available on the second floor. On-street parking is available, along with covered garage parking. A new elevator is installed.
Key Highlights
- Up to ±115,060 SF of total space available.
- First floor space ranging from ±9,100 to ±10,750 SF.
- Additional second floor space of ±4,310 SF.
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
$176,473
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
7.43%
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%
$3,529,460
$3.5M
Cap Rate 7%
$2,521,043
$2.5M
Cap Rate 9%
$1,960,811
$2.0M
Market Conditions
NOI Build-Up for 15,060 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
$271.1K $18.00/SF
− Vacancy
−$19.0K −$1.26/SF
EGI
$252.1K $16.74/SF
− OpEx
−$75.6K −$5.02/SF
NOI
$176.5K $11.72/SF
Area
Fresno, CA
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,529,460
Cap Rate 7%
$2,521,043
Cap Rate 9%
$1,960,811
Alternative Uses
Best Use
Retail
$2.52M
$2.21M – $2.94M
NOI $176,473 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.88M – $5.18M
NOI $310,658 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
Dollar Tree
Shops & Services
24,216 visits/mo
0.3 miles
Me-N-Ed's Pizzeria
Dining
9,041 visits/mo
0.2 miles
Circle K
Shops & Services
8,266 visits/mo
0.5 miles
Chevron
Shops & Services
6,598 visits/mo
0.4 miles
Valero Energy
Shops & Services
6,068 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property featuring street and covered garage parking.
Where is this retail space located?
The property is located at 1025 Fulton St Fresno, CA.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Up to ±115,060 SF of total space available.; First floor space ranging from ±9,100 to ±10,750 SF.; Additional second floor space of ±4,310 SF.
