Multi-Tenant Office
1665 West Shaw Avenue Fresno, CA 93711
1665 West Shaw Avenue, Fresno, CA, 93711
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For Sale
Contact for pricing
Well-maintained multi-tenant office building with four suites, updated rooftop HVAC, gated parking, and exterior improvements.
Property Size9,264 SF
Price / SF$246.65
Days on Market16
Property Features for 1665 West Shaw Avenue
General Information
- Standard status
- Active
- Size
- 9,264 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agency
The California Company
Listed by
Gina Jelladian-Boyajian · License #CA 02423710
Source
Crexi
Added: Jul 7 Updated: Jul 21 at 7:53AM Checked: Jul 21 at 7:53AM
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 The California Company
Investment Insights
Based on property information with market context.
This well-maintained multi-tenant office building offers 9,264± SF across four office suites. One suite is available for owner occupancy or lease-up, while the current owner is willing to execute a long-term leaseback to provide immediate income. Recent capital improvements include six new rooftop HVAC units, fresh exterior paint, updated common area restrooms, security cameras, and a gated parking area.
Located along West Shaw Avenue, the property benefits from convenient access to Highway 41 and is described as having excellent visibility and monument signage. The surrounding area is characterized by established medical, professional, retail, and financial users.
For tenants or buyers seeking an office asset with a stabilized configuration and a value-add angle, the building’s four-suite layout and updated systems support a range of office and professional service uses.
Located along West Shaw Avenue, the property benefits from convenient access to Highway 41 and is described as having excellent visibility and monument signage. The surrounding area is characterized by established medical, professional, retail, and financial users.
For tenants or buyers seeking an office asset with a stabilized configuration and a value-add angle, the building’s four-suite layout and updated systems support a range of office and professional service uses.
Key Highlights
- 9,264± SF multi‑tenant office building on West Shaw Avenue with four office suites
- Six new rooftop HVAC units plus fresh exterior paint and updated common area restrooms
- Security cameras and a gated parking area for added tenant security and convenience
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.5k | $21.00 |
| − Vacancy | −$11.7k | −$1.26 |
| EGI | $182.9k | $19.74 |
| − OpEx | −$45.7k | −$4.94 |
| NOI | $137.2k | $14.81 |
9,264 SF · lease $21.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.29M
NOI $137,154 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $191,098 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pro Hospice Agency
Nursing Home
Valley Marketing
Advertising Agency
Next Step Marketing ...
Military Recruiting Office
Gorilla Term Insurance
Insurance Agency
Chandler Cheryl
Medical Clinic
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FAQs
What type of property is this?
Office building - Well-maintained multi-tenant office building with four suites, updated rooftop HVAC, gated parking, and exterior improvements.
Where is this office building located?
The property is located at 1665 West Shaw Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $2,285,000.
What are key features of this property?
This property features: 9,264± SF multi‑tenant office building on West Shaw Avenue with four office suites; Six new rooftop HVAC units plus fresh exterior paint and updated common area restrooms; Security cameras and a gated parking area for added tenant security and convenience
