Office Building Across from
For Sale
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1260 M St, Fresno, CA 93721
Office building with immediate availability, directly across from the Fresno County Jail, and quick access to major freeways.
Property Size22,250 SF
Price / SF$168.54
Days on Market212
Property Features for 1260 M St
General Information
Standard status
Active
Size
22,250 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Colliers | Fresno
(559) 221-1271
Listed By:
Beau Plumlee · License #01269167
(559) 287-4801
Source:
Moodyscre
Added: Feb 17
Changed: Sep 8
Last Checked: Sep 16 at 2:20PM
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.
Office building totaling 22,250 SF, centrally located in downtown Fresno and available immediately. The property is described as well maintained and provides a dedicated office setting for an owner or tenant seeking an established downtown footprint.
Its location places it within walking distance of the Fresno County Courthouse and directly across from the Fresno County Jail. The area offers convenient connectivity, with quick access to Freeways 41 and 180 and Highway 99.
The overall configuration and frontage position the building for office users that value close proximity to courthouse and government-adjacent activity and straightforward access to regional routes.
Its location places it within walking distance of the Fresno County Courthouse and directly across from the Fresno County Jail. The area offers convenient connectivity, with quick access to Freeways 41 and 180 and Highway 99.
The overall configuration and frontage position the building for office users that value close proximity to courthouse and government-adjacent activity and straightforward access to regional routes.
Key Highlights
- 22,250 SF office building in downtown Fresno
- Directly across from the Fresno County Jail
- Within walking distance to the Fresno County Courthouse
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
$329,411
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
8.78%
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%
$6,588,220
$6.6M
Cap Rate 7%
$4,705,871
$4.7M
Cap Rate 9%
$3,660,122
$3.7M
Market Conditions
NOI Build-Up for 22,250 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
$467.3K $21.00/SF
− Vacancy
−$28.0K −$1.26/SF
EGI
$439.2K $19.74/SF
− OpEx
−$109.8K −$4.94/SF
NOI
$329.4K $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%
$6,588,220
Cap Rate 7%
$4,705,871
Cap Rate 9%
$3,660,122
Alternative Uses
Best Use
Office B
$4.71M
$4.12M – $5.49M
NOI $329,411 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.56M
$5.74M – $7.65M
NOI $458,973 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,816
Businesses Nearby
Explore this area
Business Placement
Demographics for 93721, CA
7,899
Population
2,621
Households
3
Avg Household Size
35
Median Age
12%
College-Educated
69%
High-School Grad
2.0 sq mi
ZIP Area
3,950
Density / Sq Mi
$32,602
Median Household Income
$26,746
Median Earnings
$915
Median Rent
$219,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Office building with immediate availability, directly across from the Fresno County Jail, and quick access to major freeways.
Where is this office building located?
The property is located at 1260 M St Fresno, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 22,250 SF office building in downtown Fresno; Directly across from the Fresno County Jail; Within walking distance to the Fresno County Courthouse
