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463 N Van Ness Ave, Fresno, CA 93701

Office property with private rooms, conference space, storage, display windows, and two separate entrances.

Property Size3,240 SF
Price / SF$1.00
Days on Market52

Property Features for 463 N Van Ness Ave

General Information

Standard status Active
Size 3,240 SF
Property subtype Office

Amenities

reception area
private offices
conference room
ample storage
large display windows
dual entrances
Listing Agency: Fresno
Listed By: Matthew Mollica · License #02376932
Source: Colliers
Added: Aug 28 Changed: Oct 17 Last Checked: Oct 16 at 5:47AM

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 Fresno

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Investment Insights

Based on property information with market context.

This office property provides approximately 3,240 square feet arranged for professional use. The interior includes a reception area, private offices, a conference room, and substantial storage, while large display windows and dual entrances support a visible, accessible presence along a well-traveled corridor.

The property is one block from Fresno City College and is surrounded by dining, retail, and established residential areas. Access to CA-41 and Downtown Fresno adds convenience for office users, with pedestrian and vehicle activity present along the corridor.

Key Highlights

  • Approximately 3,240 SF of office space
  • Reception area, private offices, conference room, and storage
  • Large display windows along a well‑traveled corridor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$47,968
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,360 $959.4K
Cap Rate 7%
$685,257 $685.3K
Cap Rate 9%
$532,978 $533.0K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$68.0K $21.00/SF
− Vacancy
−$4.1K −$1.26/SF
EGI
$64.0K $19.74/SF
− OpEx
−$16.0K −$4.94/SF
NOI
$48.0K $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 Rate 5%
$959,360
Cap Rate 7%
$685,257
Cap Rate 9%
$532,978

Alternative Uses

Best Use
Office B
$685.3K
$599.6K – $799.5K (±1% cap)
NOI $47,968 @ 7.0% cap · market cap 1,480.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$954.8K
$835.4K – $1.11M (±1% cap)
NOI $66,835 @ 7.0% cap · market cap 2,062.81%
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 Grocery & Convenience Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Butcher

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

Location Intelligence

Trade Area within ½ mile

4,357
Businesses Nearby

Demographics for 93701, CA

12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
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 - Office property with private rooms, conference space, storage, display windows, and two separate entrances.
Where is this office building located?
The property is located at 463 N Van Ness Ave Fresno, CA.
What are key features of this property?
This property features: Approximately 3,240 SF of office space; Reception area, private offices, conference room, and storage; Large display windows along a well‑traveled corridor
More about this property
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