Freestanding Office Building with
2641 Fresno St, Fresno, CA 93721
Call to check price and availability
Two-story office building with parking near Divisadero Street.
Type:Office
Property size:
2,364 SFPrice / SF:
$264/SF- Added:
- May 7, 2024
- Days on Market:
- 755
- Last Refresh:
- May 12 at 8:51 pm
Property Features for 2641 Fresno St
General Information
- Standard status
- Active
- Size
- 2,364 SF
- Property subtype
- Office
Building Details
- Year Built
- 1930
Listing agent Jared Ennis License #CA
Listing office C21 Commercial (559) 359-4035
Listing date May 7, 2024
Source Crexi
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 C21 Commercial
HighLights
- Freestanding ±2,364 SF office building with 15 private on‑site parking spaces
- High‑traffic corner location near Divisadero Street retail corridor
- Remodeled with quality finishes, multiple restrooms, and multiple access points
- Versatile space suitable for various uses
- Includes 5 private offices, kitchenette, reception, storage, and open office area
- Bonus ±315 SF finished attic space for potential office expansion
Overview
This freestanding office building offers approximately 2,364 square feet of space on a corner lot. The property includes 15 private on-site parking spaces, supplemented by 12 street spaces available at no cost. The building features two levels. The ground floor, encompassing approximately 2,004 square feet, includes five private offices, a kitchenette, a front reception/waiting area, a large storage area, and restrooms. The top floor, approximately 360 square feet, consists of an open office and a private restroom. Additionally, there is a bonus approximately 315 square foot finished attic that could be used as an expanded private office. The property is located at a high-traffic intersection near the Divisadero Street retail corridor, which hosts numerous national and local retailers. The building, remodeled for an attorney firm, retains historic charm and features quality finishes, deadbolts on each room, multiple restrooms, multiple access points, and lush landscaping. The on-site private parking lot and street parking accommodate various uses, such as attorney practice, medical uses, and professional office space. The property benefits from direct corner signage and exposure to the newly upgraded Fresno Street.
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 | $49.6k | $21.00 |
| − Vacancy | −$3.0k | −$1.26 |
| EGI | $46.7k | $19.74 |
| − OpEx | −$11.7k | −$4.94 |
| NOI | $35.0k | $14.81 |
2,364 SF · lease $21.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$500.0K
$437.5K – $583.3K
NOI $34,999 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$696.6K
$609.6K – $812.8K
NOI $48,765 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Philippe Dwelshauvers, A Law ...
Law Firm
Martinez A M
Roofing Company
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.786267
- Latitude
- 36.740691
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building with parking near Divisadero Street.
Where is this office building located?
The property is located at 2641 Fresno St Fresno, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Freestanding ±2,364 SF office building with **15 private on‑site parking spaces**; High‑traffic corner location near Divisadero Street retail corridor; Remodeled with quality finishes, multiple restrooms, and multiple access points
