Fresno Office Building in
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7440 N Palm Ave, Fresno, CA
32,344 SF office building in Palm Bluffs Corporate Park.
Property Size32,344 SF
Lot Size3.67 Acres
Price / SF$319
Days on Market511
Property Features for 7440 N Palm Ave
General Information
Standard status
Active
Size
32,344 SF
Lot size
3.67 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Fresno
(559) 284-1113
Listed By:
Bobby Fena, SIOR · License #01269167
(559) 284-1113
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Jul 6
Last Checked: Aug 23 at 11:56AM
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.
Located at 7440 N. Palm Avenue in Fresno, California, this 32,344 square foot office building is available for sale or lease. Situated within the Palm Bluffs Corporate Park, in the prime northwest Fresno area, the property was designed by Henderson Architectural Group and built by Johnston Contractors in 2005. Its location provides convenient access to restaurants, banking, shopping, and public transportation. The property is near Freeway 41, offering access to Fresno and the City of Clovis.
Key Highlights
- Prime northwest Fresno location within Palm Bluffs Corporate Park.
- Easy access to Freeways 41, Fresno, and Clovis.
- Proximity to restaurants, banking, shopping, and public transportation.
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
$478,853
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
4.63%
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%
$9,577,060
$9.6M
Cap Rate 7%
$6,840,757
$6.8M
Cap Rate 9%
$5,320,589
$5.3M
Market Conditions
NOI Build-Up for 32,344 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
$679.2K $21.00/SF
− Vacancy
−$40.8K −$1.26/SF
EGI
$638.5K $19.74/SF
− OpEx
−$159.6K −$4.94/SF
NOI
$478.9K $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%
$9,577,060
Cap Rate 7%
$6,840,757
Cap Rate 9%
$5,320,589
Alternative Uses
Best Use
Office B
$6.84M
$5.99M – $7.98M
NOI $478,853 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.53M
$8.34M – $11.12M
NOI $667,192 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
Business Placement
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 - 32,344 SF office building in Palm Bluffs Corporate Park.
Where is this office building located?
The property is located at 7440 N Palm Ave Fresno, CA.
What is the asking price?
The asking price for this property is $10,350,000.
What are key features of this property?
This property features: Prime northwest Fresno location within Palm Bluffs Corporate Park.; Easy access to Freeways 41, Fresno, and Clovis.; Proximity to restaurants, banking, shopping, and public transportation.
