19-Suite Office
For Sale
Contact for pricing
1589 W SHAW AVE, Fresno, CA 93711
Established professional tenancy occupies a multi-suite office property near Fresno’s West Shaw commercial corridor.
Property Size6,912 SF
Price / SF$217.01
Days on Market166
Property Features for 1589 W SHAW AVE
General Information
Standard status
Active
Size
6,912 SF
Class
B
Total Parking Spaces
30
Property subtype
Office
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$59,491
Additional Details
Highway Access
Yes
Office Units
19
Building Details
Year Built
2003
Stories
1
Units
19
Tenancy
Multi
Listing Agency:
Central California Real Estate Pros
Listed By:
Jared Martin · License #01319553
(559) 320-0611
Source:
Crexi
Added: May 4
Changed: Oct 6
Last Checked: Oct 14 at 9:26PM
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 Central California Real Estate Pros
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Investment Insights
Based on property information with market context.
Built in 2003, this 6,912-square-foot office building contains 19 professional suites configured for multi-tenant occupancy. Most tenants have remained in place for several years, providing an established tenancy profile within the property. The building is positioned in Fresno’s West Shaw submarket, near Fig Garden Village and minutes from Freeway 41. Its location places the property within an established office corridor with convenient regional access.
Key Highlights
- 6,912‑square‑foot office building completed in 2003
- 19 professional office suites
- Most tenants have occupied their suites for several years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,332
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,046,640
$2.0M
Cap Rate 7%
$1,461,886
$1.5M
Cap Rate 9%
$1,137,022
$1.1M
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$145.2K $21.00/SF
− Vacancy
−$8.7K −$1.26/SF
EGI
$136.4K $19.74/SF
− OpEx
−$34.1K −$4.94/SF
NOI
$102.3K $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 Rate 5%
$2,046,640
Cap Rate 7%
$1,461,886
Cap Rate 9%
$1,137,022
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.71M
NOI $102,332 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,581 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
19
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
989
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
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
Frequently Asked Questions
What type of property is this?
Office building - Established professional tenancy occupies a multi-suite office property near Fresno’s West Shaw commercial corridor.
Where is this office building located?
The property is located at 1589 W SHAW AVE Fresno, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,912‑square‑foot office building completed in 2003; 19 professional office suites; Most tenants have occupied their suites for several years
