Office Building with Owned
2409 Merced Street, Fresno, CA 93721
For Sale
New
Contact for pricing
Office space can be offered for occupancy, with rental income also identified as a property feature.
Property Size7,375 SF
Price / SF$284.75
Days on Market4
Property Features for 2409 Merced Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Property Use
Amenities
owned solar
Listing Agency:
Robert Ellis Leasing & Investment, Inc
Listed By:
Mitch Weibert · License #02198339
(559) 355-0841
Source:
Crexi
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:36PM
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 Robert Ellis Leasing & Investment, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building includes an owned solar system and offers a range of space that may be made available, from approximately 2,000 SF to 7,375 SF. The property is also described as generating rental income, providing an alternative to occupying available space.
At the Merced Street and N Street corner, the building is near a hospital, City Hall and the Courthouse in Fresno.
At the Merced Street and N Street corner, the building is near a hospital, City Hall and the Courthouse in Fresno.
Key Highlights
- Owned solar system
- Approximately 2,000–7,375 SF of office space may be made available
- Corner at Merced Street and N Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,187
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,183,740
$2.2M
Cap Rate 7%
$1,559,814
$1.6M
Cap Rate 9%
$1,213,189
$1.2M
Market Conditions
NOI Build-Up for 7,375 SF
Gross rent
$154.9K $21.00/SF
− Vacancy
−$9.3K −$1.26/SF
EGI
$145.6K $19.74/SF
− OpEx
−$36.4K −$4.94/SF
NOI
$109.2K $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%
$2,183,740
Cap Rate 7%
$1,559,814
Cap Rate 9%
$1,213,189
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.82M
NOI $109,187 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.54M
NOI $152,132 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,664
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
$219,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Fresno, CA
Properties on Market for Office buildings in Fresno
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office space can be offered for occupancy, with rental income also identified as a property feature.
Where is this office building located?
The property is located at 2409 Merced Street Fresno, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Owned solar system; Approximately 2,000–7,375 SF of office space may be made available; Corner at Merced Street and N Street
