Redevelopment Land Assemblage with
For Sale
$1,450,000
4582 E Harvey Avenue, Fresno, CA 93702
Assemblage includes an income-producing office building and an adjacent vacant NMX-zoned parcel totaling about 10 acres.
Property Size9,128 SF
Lot Size10.24 Acres
Price / SF$158.85
Days on Market46
Property Features for 4582 E Harvey Avenue
General Information
Standard status
Active
Size
9,128 SF
Lot size
10.24 Acres
Property subtype
Commercial
Zoning
NMX
Building Details
Building Size
9,128 SF
Year Built
1984
Listing Agency:
Gentile Real Estate
(559) 903-4849
Listed By:
Taylor C Olson · License #01933206
(559) 903-4849
Source:
Coalingamidstaterealty
Added: Jun 17
Changed: Jul 27
Last Checked: Aug 1 at 12:24PM
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 Gentile Real Estate
Investment Insights
Based on property information with market context.
This offering includes two parcels sold together: 4582 E Harvey Ave and 744 N Maple Ave. The primary site at 4582 E Harvey Ave is approximately 8.14 acres and contains an existing 9,128 sq. ft. office building constructed in 1984. The building is currently leased and generates approximately $4,450 per month in rental income.
The second parcel, 744 N Maple Ave, is approximately 2.1 acres and is vacant. Both parcels are zoned NMX (Neighborhood Mixed Use), providing flexibility for a range of commercial and mixed-use development approaches.
With over 10 acres combined, this assemblage combines existing income from the office building with additional land for potential expansion or phased development under the shared NMX zoning designation.
The second parcel, 744 N Maple Ave, is approximately 2.1 acres and is vacant. Both parcels are zoned NMX (Neighborhood Mixed Use), providing flexibility for a range of commercial and mixed-use development approaches.
With over 10 acres combined, this assemblage combines existing income from the office building with additional land for potential expansion or phased development under the shared NMX zoning designation.
Key Highlights
- Approximately 10.24‑acre land assemblage in Fresno offered together: 4582 E Harvey Ave and 744 N Maple Ave
- 4582 E Harvey Ave includes a 9,128 sq. ft. office building built in 1984
- Existing office building generates approximately $4,450/month in rental income
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.7k | $21.00 |
| − Vacancy | −$42.2k | −$4.62 |
| EGI | $149.5k | $16.38 |
| − OpEx | −$37.4k | −$4.10 |
| NOI | $112.1k | $12.29 |
9,128 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,137 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,927 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 93702, CA
45,741
Population
13,386
Households
3.4
Avg Household Size
29
Median Age
9%
College-Educated
57%
High-School Grad
5.2 sq mi
ZIP Area
8,796
Density / Sq Mi
$44,849
Median Household Income
$27,486
Median Earnings
$1,110
Median Rent
$211,900
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?
Commercial land - Assemblage includes an income-producing office building and an adjacent vacant NMX-zoned parcel totaling about 10 acres.
Where is this commercial land located?
The property is located at 4582 E Harvey Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 10.24‑acre land assemblage in Fresno offered together: 4582 E Harvey Ave and 744 N Maple Ave; 4582 E Harvey Ave includes a 9,128 sq. ft. office building built in 1984; Existing office building generates approximately $4,450/month in rental income
