Medical Office Building with Upgraded
For Sale
$1,325,000
2763 E Shaw Avenue, Fresno, CA 93710
Corner office property with multiple suites, updated exterior elements, and general medical office use potential.
Property Size7,704 SF
Price / SF$171.99
Days on Market477
Property Features for 2763 E Shaw Avenue
General Information
Standard status
Active
Size
7,704 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3
CMX
Building Details
Year Built
1986
Buildings
1
Building Size
7,704 SF
Tenancy
Multi
Listing Agency:
Century 21 Select Real Estate
(559) 250-8877
Listed By:
Bill Mayhugh · License #CA00690466
(559) 250-8877
Source:
Xome
Added: May 11, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:07AM
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 Century 21 Select Real Estate
Investment Insights
Based on property information with market context.
This 7,704-square-foot office building contains multiple upgraded units configured for general medical office uses. The property includes professionally designed suites described as ready for immediate occupancy, with a flexible tenant mix that can accommodate medical and therapy professionals. Exterior updates and ample parking are also part of the offering. The building was constructed in 1986.
Positioned at the corner of Shaw Avenue and Chestnut Avenue in Fresno, the property is across from Fresno State University and near Community Regional and Saint Agnes Medical Centers. Highway 168 is also identified in the surrounding location context. The site’s placement supports convenient access for office users and visitors while providing a visible corner setting.
Positioned at the corner of Shaw Avenue and Chestnut Avenue in Fresno, the property is across from Fresno State University and near Community Regional and Saint Agnes Medical Centers. Highway 168 is also identified in the surrounding location context. The site’s placement supports convenient access for office users and visitors while providing a visible corner setting.
Key Highlights
- 7,704 SF office building at the corner of Shaw Avenue and Chestnut Avenue
- Multiple upgraded units with suites ready for immediate occupancy
- General medical office uses and flexible tenant mix
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
$114,058
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
8.61%
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%
$2,281,160
$2.3M
Cap Rate 7%
$1,629,400
$1.6M
Cap Rate 9%
$1,267,311
$1.3M
Market Conditions
NOI Build-Up for 7,704 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
$161.8K $21.00/SF
− Vacancy
−$9.7K −$1.26/SF
EGI
$152.1K $19.74/SF
− OpEx
−$38.0K −$4.94/SF
NOI
$114.1K $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%
$2,281,160
Cap Rate 7%
$1,629,400
Cap Rate 9%
$1,267,311
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.90M
NOI $114,058 @ 7.0% cap · market cap 8.61%
Second Best
Healthcare Medical
$1.50M
$1.31M – $1.75M
NOI $104,836 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,918 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
595
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 - Corner office property with multiple suites, updated exterior elements, and general medical office use potential.
Where is this office building located?
The property is located at 2763 E Shaw Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 7,704 SF office building at the corner of Shaw Avenue and Chestnut Avenue; Multiple upgraded units with suites ready for immediate occupancy; General medical office uses and flexible tenant mix
