Fresno Office Building Investment
For Sale
$7,295,000
4910 E Ashlan Ave, Fresno, CA 93726
45,667 SF, 8-unit office building in Fresno, CA.
Property Size45,667 SF
Price / SF$159.74
Days on Market164
Property Features for 4910 E Ashlan Ave
General Information
Standard status
Active
Size
45,667 SF
Class
B
Property subtype
Office
Net Operating Income
$474,871
Building Details
Building Size
45,667 SF
Year Built
2000
Listing Agency:
SVN | Clovis Commercial
(559) 289-6064
Listed By:
Cameron Graham · License #CalDRE #01970844
(559) 289-6064
Source:
Svn
Added: Mar 6
Changed: Aug 15
Last Checked: Aug 16 at 5:06AM
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 SVN | Clovis Commercial
Investment Insights
Based on property information with market context.
Located at 4910 E Ashlan Ave in Fresno, CA, this 45,667 square foot, 8-unit office building was constructed in 2000. Zoned IL, the property is situated on a major thoroughfare in a convenient Fresno location. The building offers well-maintained office spaces and attached warehouse space. The property is located near a mix of businesses, retail establishments, and amenities such as restaurants and shops. Its convenient proximity to Highway 168 and the Fresno Yosemite International makes it an easily accessible and central location for businesses and professionals in Fresno. The property is an ideal setting for office space investors and presents a solid investment with 71.91% occupancy, offering a promising opportunity for investors seeking a valuable addition to their portfolio.
Key Highlights
- Prime investment opportunity: 8‑unit office building in Fresno, CA.
- High occupancy rate: 71.91% currently occupied.
- Convenient location: Situated on a major thoroughfare with easy access to Highway 168 and Fresno Yosemite International.
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
$461,282
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
6.32%
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%
$9,225,640
$9.2M
Cap Rate 7%
$6,589,743
$6.6M
Cap Rate 9%
$5,125,356
$5.1M
Market Conditions
NOI Build-Up for 45,667 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
$767.2K $16.80/SF
− Vacancy
−$57.5K −$1.26/SF
EGI
$709.7K $15.54/SF
− OpEx
−$248.4K −$5.44/SF
NOI
$461.3K $10.10/SF
Area
ZIP 93726
Vacancy
7.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$9,225,640
Cap Rate 7%
$6,589,743
Cap Rate 9%
$5,125,356
Alternative Uses
Best Use
Flex RnD
$6.59M
$5.77M – $7.69M
NOI $461,282 @ 7.0% cap · market cap 6.32%
Second Best
Industrial
$4.79M
$4.19M – $5.59M
NOI $335,534 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$9.47M
$8.29M – $11.05M
NOI $662,866 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
485
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Southern Hospitality Company — 3185 Willow Ave, Clovis, CA 93612
- ICOOKTEPPAN — 3185 Willow Ave Suite D, Clovis, CA 93612
Frequently Asked Questions
What type of property is this?
Flex space - 45,667 SF, 8-unit office building in Fresno, CA.
Where is this flex space located?
The property is located at 4910 E Ashlan Ave Fresno, CA.
What is the asking price?
The asking price for this property is $7,295,000.
What are key features of this property?
This property features: Prime investment opportunity: 8‑unit office building in Fresno, CA.; High occupancy rate: 71.91% currently occupied.; Convenient location: Situated on a major thoroughfare with easy access to Highway 168 and Fresno Yosemite International.
