Office Building With
For Sale
Contact for pricing
1130 E Shaw Ave, Fresno, CA 93710
The complex includes recently upgraded LED lighting and extended California leases supporting occupancy through 2034.
Property Size32,747 SF
Price / SF$213.76
Days on Market15
Property Features for 1130 E Shaw Ave
General Information
Standard status
Active
Size
32,747 SF
Elevators
Yes
Property subtype
OFFICE
Occupancy
74%
Additional Details
Opportunity Zone
Yes
Amenities
LED lighting
water ponding basins
Building Details
Tenancy
Multi
Listing Agency:
Colliers | Fresno
(559) 284-1113
Listed By:
Bobby Fena, SIOR · License #01269167
(559) 284-1113
Source:
Moodyscre
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 12 at 7:19AM
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 Colliers | Fresno
Investment Insights
Based on property information with market context.
This 32,747-square-foot office building is 74% leased and includes an elevator. Several light fixtures throughout the complex have been replaced with LED units, an improvement intended to reduce utility costs. Recently extended State of California leases run through 2034, providing a defined long-term lease horizon for those suites.
Fashion Fair Mall is approximately 200 yards west of the property. The surrounding area includes more than 200 restaurants, along with gas stations, car washes, convenience stores, retail services, grocery stores, and drugstores within a five-minute drive. City of Fresno water ponding basins border the property and remain full nearly year-round. The building is also located within a federally designated Opportunity Zone; eligible investors should consult their tax advisors regarding potential tax treatment.
Fashion Fair Mall is approximately 200 yards west of the property. The surrounding area includes more than 200 restaurants, along with gas stations, car washes, convenience stores, retail services, grocery stores, and drugstores within a five-minute drive. City of Fresno water ponding basins border the property and remain full nearly year-round. The building is also located within a federally designated Opportunity Zone; eligible investors should consult their tax advisors regarding potential tax treatment.
Key Highlights
- 32,747‑square‑foot office building with 74% leased occupancy
- Recently extended State of California leases run through 2034
- Elevator serving the office complex
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
$484,819
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
6.93%
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%
$9,696,380
$9.7M
Cap Rate 7%
$6,925,986
$6.9M
Cap Rate 9%
$5,386,878
$5.4M
Market Conditions
NOI Build-Up for 32,747 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
$687.7K $21.00/SF
− Vacancy
−$41.3K −$1.26/SF
EGI
$646.4K $19.74/SF
− OpEx
−$161.6K −$4.94/SF
NOI
$484.8K $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%
$9,696,380
Cap Rate 7%
$6,925,986
Cap Rate 9%
$5,386,878
Alternative Uses
Best Use
Office B
$6.93M
$6.06M – $8.08M
NOI $484,819 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.65M
$8.44M – $11.26M
NOI $675,505 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
74%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,663
Businesses Nearby
Explore this area
Business Placement
Demographics for 93710, CA
30,552
Population
12,581
Households
2.4
Avg Household Size
32
Median Age
30%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
4,928
Density / Sq Mi
$62,294
Median Household Income
$32,232
Median Earnings
$1,337
Median Rent
$348,600
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 - The complex includes recently upgraded LED lighting and extended California leases supporting occupancy through 2034.
Where is this office building located?
The property is located at 1130 E Shaw Ave Fresno, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 32,747‑square‑foot office building with 74% leased occupancy; Recently extended State of California leases run through 2034; Elevator serving the office complex
