Remodeled Class A Office
4685 N Cedar Ave, Fresno, CA 93726
For Sale
Contact for pricing
Remodeled office suite with modern amenities and high-traffic location.
Property Size2,407 SF
Price / SF$218.11
Days on Market1005
Property Features for 4685 N Cedar Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
C21 Commercial
Listed By:
Jared Ennis
(559) 302-8698
Source:
Crexi
Added: Feb 14, 2024
Changed: Nov 9
Last Checked: Nov 12 at 8:12AM
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 C21 Commercial
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Investment Insights
Based on property information with market context.
This is a fully remodeled "Class A" office suite offering approximately 2,407 square feet. The suite includes 10 rooms: three larger 12' x 14' offices or conference rooms, and seven 8' x 12' offices. It also features a kitchenette, front reception and waiting area, common storage, and restrooms. The property is located at a high-traffic intersection near the Shaw Avenue retail corridor, with proximity to numerous national and local retailers. Recent remodeling includes new hard-surface flooring, new HVAC systems, energy-efficient features, and LED lighting. The interior and exterior have fresh paint, and there are brand new ADA-compliant restrooms. The property has over 20 outdoor LED lights for nighttime illumination, a new parking lot, and landscaping. On-site private parking is available, in addition to street parking. The location is suitable for various uses, including attorney practices, medical offices, and professional offices. It offers easy access, abundant parking, spacious common restrooms, and direct signage and exposure to Cedar Avenue.
Key Highlights
- Fully remodeled "Class A" office suite with high‑end finishes.
- Prime location at a high‑traffic intersection near the Shaw Ave retail corridor.
- Features 10 rooms: 3 large offices/conference rooms and 7 standard offices.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,645
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,900
$532.9K
Cap Rate 7%
$380,643
$380.6K
Cap Rate 9%
$296,056
$296.1K
Market Conditions
NOI Build-Up for 2,407 SF
Gross rent
$43.3K $18.00/SF
− Vacancy
−$7.8K −$3.24/SF
EGI
$35.5K $14.76/SF
− OpEx
−$8.9K −$3.69/SF
NOI
$26.6K $11.07/SF
Area
ZIP 93726
Vacancy
18.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,900
Cap Rate 7%
$380,643
Cap Rate 9%
$296,056
Alternative Uses
Best Use
Office B
$380.6K
$333.1K – $444.1K
NOI $26,645 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.1K
$436.7K – $582.3K
NOI $34,938 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
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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
$271,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Fresno, CA
Properties on Market for Office Units in Fresno
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Remodeled office suite with modern amenities and high-traffic location.
Where is this office unit located?
The property is located at 4685 N Cedar Ave Fresno, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully remodeled "Class A" office suite with high‑end finishes.; Prime location at a high‑traffic intersection near the Shaw Ave retail corridor.; Features 10 rooms: 3 large offices/conference rooms and 7 standard offices.
