Corner Medical Office
For Sale
Contact for pricing
3727 N 1st St, Fresno, CA 93726
Move-in ready medical and office suites in a freestanding corner building with ample parking and multiple suite entrances.
Property Size8,085 SF
Lot Size0.66 Acres
Price / SF$154.48
Days on Market61
Property Features for 3727 N 1st St
General Information
Standard status
Active
Size
8,085 SF
Lot size
0.66 Acres
Property subtype
OFFICE
Listing Agency:
KW Commercial | Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 302-8698
Source:
Moodyscre
Added: Jul 17
Changed: Sep 10
Last Checked: Sep 15 at 10:04AM
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 KW Commercial | Central California
Investment Insights
Based on property information with market context.
This freestanding medical/office building offers multiple medical office spaces available, each with functional existing layouts and move-in-ready condition. Suites include a mix of private offices and open rooms, with separate suites and multiple configurations. The property is described as having Ethernet/phone connections and high-speed internet readiness, with tenant improvements and rental concessions available.
The building is located at 3727 N 1st St in Fresno, CA, on a corner parcel. The property is positioned along a busy, established corridor with retail growth nearby, and it is noted to be close to professional offices, banks, restaurants, and shopping. Mature landscaping and ample parking support day-to-day access for patients and visitors.
The building totals 8,085 SF and sits on 28,755 SF of land, with suite sizes noted from approximately 1,122 SF to 1,796 SF across available options.
The building is located at 3727 N 1st St in Fresno, CA, on a corner parcel. The property is positioned along a busy, established corridor with retail growth nearby, and it is noted to be close to professional offices, banks, restaurants, and shopping. Mature landscaping and ample parking support day-to-day access for patients and visitors.
The building totals 8,085 SF and sits on 28,755 SF of land, with suite sizes noted from approximately 1,122 SF to 1,796 SF across available options.
Key Highlights
- 8,085 SF freestanding office building on a 28,755 SF corner parcel
- Multiple medical office spaces available with floor plans from 1,122 SF to 1,796 SF
- Move‑in ready condition with functional existing layout and flexible private offices and open rooms
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
$101,755
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
8.15%
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%
$2,035,100
$2.0M
Cap Rate 7%
$1,453,643
$1.5M
Cap Rate 9%
$1,130,611
$1.1M
Market Conditions
NOI Build-Up for 8,085 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
$184.3K $22.80/SF
− Vacancy
−$14.7K −$1.82/SF
EGI
$169.6K $20.98/SF
− OpEx
−$67.8K −$8.39/SF
NOI
$101.8K $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%
$2,035,100
Cap Rate 7%
$1,453,643
Cap Rate 9%
$1,130,611
Alternative Uses
Best Use
Healthcare Medical
$1.45M
$1.27M – $1.70M
NOI $101,755 @ 7.0% cap · market cap 8.15%
Second Best
Office B
$1.28M
$1.12M – $1.49M
NOI $89,501 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,355 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,012
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical and office suites in a freestanding corner building with ample parking and multiple suite entrances.
Where is this medical office space located?
The property is located at 3727 N 1st St Fresno, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 8,085 SF freestanding office building on a 28,755 SF corner parcel; Multiple medical office spaces available with floor plans from 1,122 SF to 1,796 SF; Move‑in ready condition with functional existing layout and flexible private offices and open rooms
