Medical Condo in Fresno
5777 N Fresno St Fresno, CA 93710
5777 N Fresno St, Fresno, CA, 93710
Contact for pricing
For Sale
Contact for pricing
Pending
Condominium in Fresno's medical corridor, 100% occupied.
Property Size1,114 SF
Days on Market793
Property Features for 5777 N Fresno St
General Information
- Standard status
- Pending
- Size
- 1,114 SF
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing Agency
Mark Saito Company
(559) 284-9028
Listed by
Patrick Monreal · License #CA 02007579
Source
Crexi
Added: May 17, 2024 Checked: Jul 17 at 1:17 pm
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 Mark Saito Company
Investment Insights
Based on property information with market context.
This 100% occupied condominium is located in Fresno's medical corridor. Currently operating as an established Chiropractic Clinic, the property includes 3 exam rooms, private offices, and a laboratory. The location offers high visibility on a major medical thoroughfare and is situated near Fresno Surgical Hospital and St. Agnes Hospital. Multiple entrances provide patient ease-of-access, and Fresno St offers convenient transportation options. The property has a size of 1114 square feet. This turnkey condo is suitable for investors seeking stable returns in a flourishing medical location.
Key Highlights
- 100% occupied condominium with established chiropractic clinic
- Prime investment opportunity in Fresno's medical corridor
- High visibility location on major medical thoroughfare
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $21.00 |
| − Vacancy | −$1.4k | −$1.26 |
| EGI | $22.0k | $19.74 |
| − OpEx | −$5.5k | −$4.94 |
| NOI | $16.5k | $14.81 |
1,114 SF · lease $21.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$216.6K
$189.5K – $252.7K
NOI $15,159 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$328.3K
$287.3K – $383.0K
NOI $22,980 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
William E Clark ...
Dental Office
Timothy A Van Dyne ...
Medical Clinic
Kuwamoto Chiropractic Clinic
Alternative Medicine Practice
Jason B Bowen ...
Alternative Medicine Practice
Kuwamoto Chiropractic Clinic: ...
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- Animal Hospital & Dental Clinic — 5169 N Blackstone Ave, Fresno, CA 93710
- Woodward Pet Hospital — 1119 E Shaw Ave, Fresno, CA 93710
- Lauren Derock, D.V.M. — 4974 N Fresno St, Fresno, CA 93726
FAQs
What type of property is this?
Medical Office Space - Condominium in Fresno's medical corridor, 100% occupied.
Where is this medical office space located?
The property is located at 5777 N Fresno St Fresno, CA.
What is the asking price?
The asking price for this property is $325,170.
What are key features of this property?
This property features: 100% occupied condominium with established chiropractic clinic; Prime investment opportunity in Fresno's medical corridor; High visibility location on major medical thoroughfare
