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    Updated Office Building Near Fresno State Title is generated by Realmo AI

    2743 E Shaw Ave, Fresno, CA 93710

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    For Sale
    $1,750,000

    Professional office building with high-traffic location near Fresno State.

    Property size:
    14,146 SF
    Lot size:
    0.52 Acres
    Price / SF:
    $123/SF
    Added:
    Jan 26, 2026
    Days on Market:
    118
    Last Refresh:
    Apr 5 at 8:22 pm

    Property Features for 2743 E Shaw Ave

    General Information

    Standard status
    Active
    Size
    14,146 SF
    Lot size
    0.52 Acres

    We can help!

    Listing Contact
    Bill Mayhugh
    Bill Mayhugh

    Listing agent Bill Mayhugh License #00690466

    Listing office Century 21 Select Real Estate

    Listing date Jan 26, 2026

    Source Exprealty

    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 Century 21 Select Real Estate

    HighLights

    • Prime corner location at Shaw & Chestnut, across from Fresno State and Save Mart Center.
    • High‑traffic location with excellent street exposure and signage.
    • Updated suites with new paint, flooring, and restrooms.
    • Reliable tenant mix with rental upside and stabilized income.
    • Ample on‑site parking with easy street access.
    • Close access to Freeways 168 & 41.

    Overview

    This updated and well-maintained professional office building, totaling 14,146 square feet, is located on the corner of Shaw and Chestnut Avenues, next to the Dog House Grill and across from Fresno State and the Save Mart Center. The property features a high-traffic location and flexible suite layouts. Suites have been freshly updated with recent paint, new flooring, and updated restrooms. The building has a stucco exterior with fresh paint, LED exterior lighting, and low-maintenance landscaping. Ample on-site parking is available with easy street access. The property is located at a high-visibility intersection and offers close access to Freeways 168 and 41, as well as major restaurants and services. It is suitable for professional office, medical, CPA, or insurance purposes. The property has a reliable tenant mix with rental upside and stabilized income with future growth potential. It is ideal for 1031 exchange buyers, owner-users, or passive investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vanessa Nash Marriage Or Relationship Counselor Wayfinders at Fresno State Training Center PC Nerds Computer & Electronic Repair Valley Software Education ... Vocational School Gaia House Community ... High School

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.737
    Latitude
    36.8081

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    FAQs

    What type of property is this?
    Office building - Professional office building with high-traffic location near Fresno State.
    Where is this office building located?
    The property is located at 2743 E Shaw Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Prime corner location at Shaw & Chestnut, across from Fresno State and Save Mart Center.; High‑traffic location with excellent street exposure and signage.; Updated suites with new paint, flooring, and restrooms.
    (559) 226-2811
    We can help!
    Listing Contact
    Bill Mayhugh
    Bill Mayhugh
    Real Estate License ID: 00690466
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2743 E Shaw Ave, Fresno, CA, 93710-8272
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