Medical Office
For Sale
$1,325,000
2763 E Shaw Avenue, Fresno, CA 93710
COMMERCIAL - Fresno, CA
Property Size7,704 SF
Lot Size0.56 Acres
Price / SF$171.99
Days on Market48
Property Features for 2763 E Shaw Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CMX
Exterior features
Stucco, Wood
Directions
E. Shaw to Chestnut, South to Gated entrance. NO code needed
Subdivision
726
Standard status
Active
APN
43032231
Size
7,704 SF
Lot size
0.56 Acres
Building Details
Year built
1986
Floors in Building
1
Flooring type
Laminate, Concrete
Roof type
Tar/Gravel, Composition
Listing Agency:
Century 21 Select Real Estate · Century 21 Real Estate
(559) 432-1221
Listed By:
Bill Mayhugh
(559) 970-6634
Added: Jun 24
Changed: Aug 10
Last Checked: Aug 10 at 11:06PM
MLS# 651024
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale medical office building totals 7,704 square feet and sits on a 0.56-acre lot at 2763 E Shaw Avenue in Fresno, CA 93710. The property is set up as dedicated office space, suited to medical and professional use where clients and patients need a consistent place to visit.
The building’s address on E Shaw Avenue provides straightforward access for staff and visitors, with a property size that supports an established on-site footprint. The site’s acreage may allow room for day-to-day operations on the parcel, depending on how the building and grounds are configured.
For owner-occupants and investors seeking a freestanding medical office format, this asset offers a single-building platform within an office-oriented property type. Buyers evaluating professional space can review the existing layout and building improvements as provided, along with how the site supports parking and routine business operations for a medical office setting.
The building’s address on E Shaw Avenue provides straightforward access for staff and visitors, with a property size that supports an established on-site footprint. The site’s acreage may allow room for day-to-day operations on the parcel, depending on how the building and grounds are configured.
For owner-occupants and investors seeking a freestanding medical office format, this asset offers a single-building platform within an office-oriented property type. Buyers evaluating professional space can review the existing layout and building improvements as provided, along with how the site supports parking and routine business operations for a medical office setting.
Key Highlights
- Year built: 1986
- Exterior features include stucco and wood
- Flooring includes concrete and laminate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,058
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,281,160
$2.3M
Cap Rate 7%
$1,629,400
$1.6M
Cap Rate 9%
$1,267,311
$1.3M
Market Conditions
NOI Build-Up for 7,704 SF
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.
Gross rent
$161.8K $21.00/SF
− Vacancy
−$9.7K −$1.26/SF
EGI
$152.1K $19.74/SF
− OpEx
−$38.0K −$4.94/SF
NOI
$114.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,281,160
Cap Rate 7%
$1,629,400
Cap Rate 9%
$1,267,311
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.90M
NOI $114,058 @ 7.0% cap · market cap 8.61%
Second Best
Healthcare Medical
$1.50M
$1.31M – $1.75M
NOI $104,836 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,918 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93710, CA
30,552
Population
12,581
Households
2.4
Avg Household Size
32
Median Age
30%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
4,928
Density / Sq Mi
$62,294
Median Household Income
$32,232
Median Earnings
$1,337
Median Rent
$348,600
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?
Medical Office Space - For-sale medical office building offering 7,704 square feet on a 0.56-acre site in Fresno, CA.
Where is this medical office space located?
The property is located at 2763 E Shaw Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Year built: 1986; Exterior features include stucco and wood; Flooring includes concrete and laminate
