Medical Office with Dental
For Sale
$469,900
3636 1St Street, Fresno, CA 93726
Purpose-built clinical layout includes operatories, dedicated imaging areas, offices, and separate sterilization rooms.
Property Size2,322 SF
Price / SF$202.37
Days on Market17
Property Features for 3636 1St Street
General Information
Standard status
Active
Size
2,322 SF
Property subtype
Business Opportunities
Additional Details
Business Included
Yes
Amenities
3
Building Details
Year Built
1976
Listing Agency:
Sherchia Realty
(559) 704-6796
Listed By:
Arlene Bautista
(559) 704-6796
Source:
Xome
Added: Jul 26
Changed: Aug 11
Last Checked: Aug 11 at 5:18AM
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 Sherchia Realty
Investment Insights
Based on property information with market context.
This 2,322-square-foot medical office was built in 1976 and is configured for dental operations. The interior includes multiple operatories, several offices, a private office with an en-suite bathroom, and a dedicated x-ray office with a separate x-ray room. Two sterilization rooms support the clinical layout, while a patient restroom and defined reception and waiting areas complete the space.
The property is located at 3636 1st Street in Fresno, California. Its existing arrangement provides a functional framework for a dental practice or another medical office user requiring treatment rooms, administrative offices, imaging space, and patient reception areas.
The property is located at 3636 1st Street in Fresno, California. Its existing arrangement provides a functional framework for a dental practice or another medical office user requiring treatment rooms, administrative offices, imaging space, and patient reception areas.
Key Highlights
- 2,322 SF medical office built in 1976
- Multiple dental operatories and medical office spaces
- Dedicated x‑ray office plus separate x‑ray room
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
$29,224
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
6.22%
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%
$584,480
$584.5K
Cap Rate 7%
$417,486
$417.5K
Cap Rate 9%
$324,711
$324.7K
Market Conditions
NOI Build-Up for 2,322 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
$52.9K $22.80/SF
− Vacancy
−$4.2K −$1.82/SF
EGI
$48.7K $20.98/SF
− OpEx
−$19.5K −$8.39/SF
NOI
$29.2K $12.59/SF
Area
ZIP 93726
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$584,480
Cap Rate 7%
$417,486
Cap Rate 9%
$324,711
Alternative Uses
Best Use
Healthcare Medical
$417.5K
$365.3K – $487.1K
NOI $29,224 @ 7.0% cap · market cap 6.22%
Second Best
Office B
$367.2K
$321.3K – $428.4K
NOI $25,705 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$481.5K
$421.3K – $561.7K
NOI $33,704 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,564
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93726, CA
42,366
Population
15,744
Households
2.7
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
6.4 sq mi
ZIP Area
6,620
Density / Sq Mi
$51,913
Median Household Income
$31,697
Median Earnings
$1,254
Median Rent
$271,800
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 - Purpose-built clinical layout includes operatories, dedicated imaging areas, offices, and separate sterilization rooms.
Where is this medical office space located?
The property is located at 3636 1St Street Fresno, CA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 2,322 SF medical office built in 1976; Multiple dental operatories and medical office spaces; Dedicated x‑ray office plus separate x‑ray room
