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    Freestanding Office/Retail Building with Fire Damage Title is generated by Realmo AI

    546 W Shields Ave, Fresno, CA 93705

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    Freestanding office/retail building with strong Shields Ave visibility, but requiring interior remodel and exterior facelift after fire damage.

    Type:Office, Retail
    Property size:
    2,310 SF
    Lot size:
    0.01 Acres
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 3:48 am

    Property Features for 546 W Shields Ave

    General Information

    Standard status
    Active
    Size
    2,310 SF
    Lot size
    0.01 Acres
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1968

    Spaces For Lease

    at 546 W Shields Ave Contact us

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Listing agent Jared Ennis License #CA

    Listing office C21 Commercial

    Listing date May 27, 2026

    Source Crexi

    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

    HighLights

    • 2,310 SF freestanding office/retail building on a 6,900 SF lot
    • Built in 1968 and located in central Fresno
    • Interior is a blank canvas for a buyer to remodel and redesign the layout
    • Recent fire damage will need to be addressed as part of the interior remodel
    • Exterior facelift required after fire damage
    • Strong Shields Ave visibility with nearby retailers and neighborhoods

    Overview

    This freestanding office/retail building totals 2,310 SF and sits on a 6,900 SF lot. The interior is described as a “blank canvas,” with a new owner having the ability to add floor and paint selections and design the interior layout to match their specific needs. The property has documented fire damage, and both the interior remodel and an exterior facelift will need to be addressed before reopening or re-tenanting.

    Located in Central Fresno, the building is positioned for visibility and access along Shields Ave. The public remarks note nearby retailers and surrounding neighborhoods, which can support walk-by and drive-by interest once repairs and improvements are completed.

    For owner-users and investors seeking control over layout and finishes, this property can fit a business or concept that benefits from a flexible office/retail environment. While the existing condition requires remediation, the freestanding site and frontage on Shields Ave provide a straightforward platform for an operator to tailor the buildout and bring the property back to market as a combined office and retail use.
    Location Intelligence

    Current Use by Public Records

    Regal Reptiles (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.818615
    Latitude
    36.779651

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    FAQs

    What type of property is this?
    Office building - Freestanding office/retail building with strong Shields Ave visibility, but requiring interior remodel and exterior facelift after fire damage.
    Where is this office building located?
    The property is located at 546 W Shields Ave Fresno, CA.
    What are key features of this property?
    This property features: 2,310 SF freestanding office/retail building on a 6,900 SF lot; Built in 1968 and located in central Fresno; Interior is a blank canvas for a buyer to remodel and redesign the layout
    (559) 359-4035 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jared Ennis
    Jared Ennis
    Real Estate License ID: CA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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