Office Suites in Financial
For Sale
$800,000
2491 W Shaw Ave, Fresno, CA 93711
Office building at West Shaw Financial Park with two suites, including an available 2,252 SF unit.
Property Size6,020 SF
Price / SF$355.24
Days on Market43
Property Features for 2491 W Shaw Ave
General Information
Standard status
Active
Size
6,020 SF
Class
C
Property subtype
Office
Building Details
Building Size
6,020 SF
Year Built
1979
Tenancy
Multi
Listing Agency:
SVN - Clovis Commercial
Listed By:
Cameron Graham · License #CalDRE #01970844
(559) 289-6064
Source:
Svn
Added: Jul 26
Changed: Aug 26
Last Checked: Sep 6 at 7:43AM
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 SVN - Clovis Commercial
Investment Insights
Based on property information with market context.
2491 W Shaw Ave Suite 101 is a 6,020 SF office building within West Shaw Financial Park. The property is currently configured as two separate suites: Suite 101-103 (3,615 SF of rentable space) and Suite 105 (2,252 SF of rentable space). Suite 101-103 is occupied by a tenant, while Suite 105 is available for lease.
The building’s location within West Shaw Financial Park supports flexible use for either an owner-user looking for office space or an investor seeking income from an occupied suite alongside a second leased or available suite.
The offering provides a straightforward suite-based layout, with one unit already under tenancy and another ready to be leased, offering a practical platform for future occupancy planning.
The building’s location within West Shaw Financial Park supports flexible use for either an owner-user looking for office space or an investor seeking income from an occupied suite alongside a second leased or available suite.
The offering provides a straightforward suite-based layout, with one unit already under tenancy and another ready to be leased, offering a practical platform for future occupancy planning.
Key Highlights
- Total 6,020 SF office building in West Shaw Financial Park
- Two‑suite layout: Suite 101‑103 offers 3,615 SF rentable space
- Suite 105 offers 2,252 SF rentable space and is currently available for lease
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
$33,341
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
4.17%
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%
$666,820
$666.8K
Cap Rate 7%
$476,300
$476.3K
Cap Rate 9%
$370,456
$370.5K
Market Conditions
NOI Build-Up for 2,252 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
$47.3K $21.00/SF
− Vacancy
−$2.8K −$1.26/SF
EGI
$44.5K $19.74/SF
− OpEx
−$11.1K −$4.94/SF
NOI
$33.3K $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%
$666,820
Cap Rate 7%
$476,300
Cap Rate 9%
$370,456
Alternative Uses
Best Use
Office B
$476.3K
$416.8K – $555.7K
NOI $33,341 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.6K
$580.7K – $774.2K
NOI $46,454 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 93711, CA
37,901
Population
16,643
Households
2.3
Avg Household Size
43
Median Age
46%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
3,384
Density / Sq Mi
$97,492
Median Household Income
$53,122
Median Earnings
$1,561
Median Rent
$469,800
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 units - Office building at West Shaw Financial Park with two suites, including an available 2,252 SF unit.
Where is this office units located?
The property is located at 2491 W Shaw Ave Fresno, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Total 6,020 SF office building in West Shaw Financial Park; Two‑suite layout: Suite 101‑103 offers 3,615 SF rentable space; Suite 105 offers 2,252 SF rentable space and is currently available for lease
