Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    641 G St Fresno, CA 93706

    Sponsored
    For Sale
    $1,150,000

    Historic Chinatown, High-Speed Rail Proximity

    Property size:
    15,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    349
    This exceptional 15,300 square foot industrial property, situated on a 0.69-acre lot (30,000 square feet) in Fresno's vibrant Historic Chinatown, presents a unique investment opportunity. The building boasts concrete block construction and a barrel roof, offering durable and functional space. A recessed loading dock and covered receiving area enhance operational efficiency. Its prime location offers unparalleled access to the city's core and benefits significantly from its proximity to the planned high-speed rail station, situated within the heart of downtown and Chinatown, bordered by H, Tulare, G, and Fresno Streets, with platforms centered on Mariposa Street and direct access from G Street and a pedestrian bridge from H Street. The property is zoned Downtown Neighborhood (DTN), allowing for a variety of uses. This is a rare chance to acquire a substantial industrial property in a rapidly developing area of Fresno. The building's size, features, and location make it ideal for owner-occupiers or investors seeking a strong return. The asking price reflects a compelling value proposition in a highly sought-after location. This is a prime opportunity that won't last long. APN# 467-081-18.

    Property Features for 641 G St

    General Information

    Property type
    Industrial properties
    Square Feet
    15,300 SF
    Lot Size
    30,056 SF

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    Derek Feramisco

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.7905
    Latitude
    36.72763

    Nearby Similar for Sale

    • New
      $1,095,000
      30,084 SF

      Fresno Commercial Property for Sale

      Commercial property in Fresno, CA, featuring 30,084 square feet.
      944 S Topeka Ave, Fresno, CA 93721
      View Details
    • $799,900
      Pending

      Fresno Triplex Investment Opportunity

      Triplex on a spacious lot with private easement driveway.
      10375 W Kearney Blvd, Fresno, CA 93706
      View Details
    • $920,000
      5,415 SF

      Fresno Multifamily Investment Opportunity

      Nine-unit multifamily property in Fresno with income upside.
      2414 N 1St St, Fresno, CA 93703
      View Details
    • $260,000
      Pending

      Remodeled Duplex with NMX Zoning

      Remodeled duplex with income and business potential in Fresno.
      3021 E Belmont Ave, Fresno, CA 93701
      View Details
    • $499,000
      2,600 SF

      Fresno Triplex with Pool

      Three-unit property with a pool on a corner lot.
      3256 Mayfair Blvd, Fresno, CA 93703
      View Details
    • $260,000
      Pending

      Fresno Commercial Office For Sale

      Commercial office space available for purchase in Fresno, California.
      3021 E Belmont Ave, Fresno, CA 93701
      View Details
    • $450,000
      1,800 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      2403 E Clinton Ave, Fresno, CA 93703
      View Details
    • $825,000
      4,930 SF

      Fresno Office Building For Sale

      Office building with 4930 square feet of space.
      4285 N Valentine Ave, Fresno, CA 93722
      View Details
    • $1,169,000
      5,038 SF

      Fresno Multifamily Investment Opportunity

      Six-unit apartment complex in North Fresno near HWY 41.
      1911 E Saginaw Way, Fresno, CA 93726
      View Details
    • $725,000
      5,720 SF

      Fresno Commercial Property for Sale

      Commercial property in Fresno, CA, ideal for auto-related businesses.
      1824 E Mckinley Ave, Fresno, CA 93703
      View Details
    • $499,500
      2,652 SF

      Fresno Triplex Investment Opportunity

      Income-producing triplex in Fresno, fully rented with long-term tenants.
      1622 B St, Fresno, CA 93706
      View Details
    • $499,500
      2,652 SF

      Income-Producing Triplex in Fresno

      Triplex in Fresno, fully rented with long-term tenants.
      1636 B St, Fresno, CA 93706
      View Details

    FAQs

    What type of property is this?
    Industrial property - Historic Chinatown, High-Speed Rail Proximity
    Where is this industrial property located?
    The property is located at 641 G St Fresno, CA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    (559) 448-1500
    Request Owner's contact information
    641 G St Fresno, CA 93706
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    641 G St
    Fresno, CA 93706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    641 G St Fresno, CA 93706
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Derek Feramisco
    (559) 448-1500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.