Freestanding Retail/Office
For Sale
Contact for pricing
2428 San Benito St, Fresno, CA 93721
Freestanding open retail/office layout with ADA restroom, plus a detached studio apartment separated by a fenced yard.
Property Size2,000 SF
Price / SF$149.50
Days on Market780
Property Features for 2428 San Benito St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
RETAIL
Listing Agency:
KW Commercial | Central California
(559) 302-8698
Listed By:
Kevin Land · License #01516541
(559) 359-4035
Source:
Moodyscre
Added: Jun 11, 2024
Changed: Jul 25
Last Checked: Jul 25 at 5:26PM
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 KW Commercial | Central California
Investment Insights
Based on property information with market context.
This freestanding open retail/office building is supplemented by a detached studio apartment, with both structures separated by a central fenced yard area. The front flex space includes an ADA restroom, an office, and a wide open area with a full kitchen and a roll-up door opening into the middle yard. The detached rear studio apartment offers a large room and a restroom with a full tub/shower.
Both buildings were fully remodeled with new paint, new hard-surface polished flooring, new insulation, a new 2022 roof, LED lighting, new 2023 HVAC units, and updated doors, hinges, and locks. The property has separate meters, private ADA restrooms, and private entrances with secured entry. High-speed internet access is available, along with night-time outdoor LED lighting.
On-site exterior parking includes a lit private lot with 8 spaces plus street parking. The property also features an existing 7' x 15' billboard sign for visibility and on-site advertising.
Both buildings were fully remodeled with new paint, new hard-surface polished flooring, new insulation, a new 2022 roof, LED lighting, new 2023 HVAC units, and updated doors, hinges, and locks. The property has separate meters, private ADA restrooms, and private entrances with secured entry. High-speed internet access is available, along with night-time outdoor LED lighting.
On-site exterior parking includes a lit private lot with 8 spaces plus street parking. The property also features an existing 7' x 15' billboard sign for visibility and on-site advertising.
Key Highlights
- 1,550 SF freestanding open retail/office building plus a detached 450 SF studio apartment, separated by a central fenced yard and accessed by separate entrances.
- Front flex space includes an ADA restroom, office, wide open area, full kitchen, and a rollup door opening to the middle yard area.
- Detached rear studio apartment features a large room and a restroom with full tub/shower.
Financial Insights For Retail
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 | $36.0k | $18.00 |
| − Vacancy | −$2.5k | −$1.26 |
| EGI | $33.5k | $16.74 |
| − OpEx | −$10.0k | −$5.02 |
| NOI | $23.4k | $11.72 |
2,000 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$423.0K
$370.1K – $493.5K
NOI $29,610 @ 7.0% cap · market cap 9.90%
Second Best
Retail
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$589.4K
$515.7K – $687.6K
NOI $41,256 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
463
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding open retail/office layout with ADA restroom, plus a detached studio apartment separated by a fenced yard.
Where is this retail space located?
The property is located at 2428 San Benito St Fresno, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,550 SF freestanding open retail/office building plus a detached 450 SF studio apartment, separated by a central fenced yard and accessed by separate entrances.; Front flex space includes an ADA restroom, office, wide open area, full kitchen, and a rollup door opening to the middle yard area.; Detached rear studio apartment features a large room and a restroom with full tub/shower.
