Building Details

Year Built 1985

Tenancy Multi

Listing Agency: The JKRE Investment Group

Listed By: Jin Kim · License #DRE #01456017 Show Phone

Source: Exitrealty

Added: Jul 3 Changed: Sep 1 Last Checked: Sep 15 at 5:56AM

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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 The JKRE Investment Group

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Investment Insights

Based on property information with market context.

Oak Knoll Professional Center is a fully occupied professional office asset offered for sale. The property is currently 100% leased and features multiple professional tenants, including essential service operators such as PG&E and American Ambulance, along with medical uses including a dentist office and physical therapy practice.

The center is located along Highway 168, providing convenient access to Fresno and serving surrounding foothill and mountain communities and the Shaver Lake corridor.

Recent capital improvements completed within the past five years include roof replacement and new HVAC units, which may help reduce near-term capital needs. The property also includes five separate APNs, allowing potential individual sale, and it has a private well intended to support operational efficiency and cost control, along with a dedicated pad for future development.

Key Highlights

• 100% leased Oak Knoll Professional Center (Year Built 1985) anchored by essential tenants including PG&E and American Ambulance
• Tenant leases are modified gross with base‑year expense recovery to help recoup operating costs above the lease year
• Capital improvements in the past five years include roof replacement and new HVAC units to reduce near‑term capex

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$145,121

Cap Rate

8.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,902,420 $2.9M

Cap Rate 7%

$2,073,157 $2.1M

Cap Rate 9%

$1,612,456 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,096 SF

Gross rent

$280.1K $23.16/SF

− Vacancy

−$86.6K −$7.16/SF

EGI

$193.5K $16.00/SF

− OpEx

−$48.4K −$4.00/SF

NOI

$145.1K $12.00/SF

Area

Fresno County, CA

Vacancy

30.93%

Lease Rate

$23.16 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,902,420

Cap Rate 7%

$2,073,157

Cap Rate 9%

$1,612,456

Alternative Uses

Best Use

Healthcare Medical

$2.44M

$2.14M – $2.85M (±1% cap)

NOI $171,038 @ 7.0% cap · market cap 9.61%

Second Best

Office B

$2.07M

$1.81M – $2.42M (±1% cap)

NOI $145,121 @ 7.0% cap · market cap 8.15%

Theoretical Best

Office A

$3.43M

$3.00M – $4.00M (±1% cap)

NOI $239,982 @ 7.0% cap · market cap 13.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Dental Office Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

32

Businesses Nearby

Explore this area Business Placement

Demographics for 93602, CA

3,402

Population

1,590

Households

2.1

Avg Household Size

46

Median Age

17%

College-Educated

93%

High-School Grad

111.0 sq mi

ZIP Area

31

Density / Sq Mi

$74,965

Median Household Income

$43,424

Median Earnings

$1,361

Median Rent

$351,000

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Office building - Fully leased professional office center with recent roof replacement and HVAC upgrades, served along Highway 168.

Where is this office building located?

The property is located at 31975 Lodge Road Auberry, CA.

What is the asking price?

The asking price for this property is $1,779,900.

What are key features of this property?

This property features: 100% leased Oak Knoll Professional Center (Year Built 1985) anchored by essential tenants including PG&E and American Ambulance; Tenant leases are modified gross with base‑year expense recovery to help recoup operating costs above the lease year; Capital improvements in the past five years include roof replacement and new HVAC units to reduce near‑term capex