Well-Maintained Retail-Office
For Sale
Contact for pricing
4930 East Ashlan Avenue, Fresno, CA 93726
Well-maintained building along E. Ashlan Avenue near Freeway 168, suited for owner-users or investors.
Property Size8,300 SF
Price / SF$228.92
Days on Market56
Property Features for 4930 East Ashlan Avenue
General Information
Standard status
Active
Size
8,300 SF
Property subtype
Retail, Office
Zoning
CC
Lease Type
Modified Gross
Additional Details
Highway Access
Yes
Building Details
Year Built
2009
Buildings
1
Listing Agency:
Colliers - Fresno, California
(559) 256-2443
Listed By:
Gilbert Lara · License #01356043
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 10 at 10:43AM
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 Colliers - Fresno, California
Investment Insights
Based on property information with market context.
This well-maintained commercial building presents an owner-user and investment opportunity in a retail-office style asset category. The property is presented for sale as a single commercial building, with the overall condition noted as well maintained.
The building is located along E. Ashlan Avenue near Freeway 168, providing convenient access to major roadway connections. This positioning supports visibility and day-to-day convenience for commercial tenants and customers traveling through the area.
With the property types listed as retail spaces and office units, the building can be a practical fit for operators seeking flexible commercial use under one roof, or for investors looking for a maintained property in an established Fresno corridor. For a tenant, the key takeaway is that this is an existing commercial building in good condition on a primary avenue near a freeway, offering a straightforward setup for retail or office-oriented occupancy rather than new construction risk.
The building is located along E. Ashlan Avenue near Freeway 168, providing convenient access to major roadway connections. This positioning supports visibility and day-to-day convenience for commercial tenants and customers traveling through the area.
With the property types listed as retail spaces and office units, the building can be a practical fit for operators seeking flexible commercial use under one roof, or for investors looking for a maintained property in an established Fresno corridor. For a tenant, the key takeaway is that this is an existing commercial building in good condition on a primary avenue near a freeway, offering a straightforward setup for retail or office-oriented occupancy rather than new construction risk.
Key Highlights
- Well‑maintained commercial building built in 2009
- Located along E. Ashlan Avenue near Freeway 168
- Suited for owner‑users or investment use
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
$91,881
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
4.84%
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%
$1,837,620
$1.8M
Cap Rate 7%
$1,312,586
$1.3M
Cap Rate 9%
$1,020,900
$1.0M
Market Conditions
NOI Build-Up for 8,300 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
$149.4K $18.00/SF
− Vacancy
−$26.9K −$3.24/SF
EGI
$122.5K $14.76/SF
− OpEx
−$30.6K −$3.69/SF
NOI
$91.9K $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 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%
$1,837,620
Cap Rate 7%
$1,312,586
Cap Rate 9%
$1,020,900
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,881 @ 7.0% cap · market cap 4.84%
Second Best
Retail
$1.14M
$995.6K – $1.33M
NOI $79,648 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,476 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained building along E. Ashlan Avenue near Freeway 168, suited for owner-users or investors.
Where is this retail space located?
The property is located at 4930 East Ashlan Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Well‑maintained commercial building built in 2009; Located along E. Ashlan Avenue near Freeway 168; Suited for owner‑users or investment use
