Office Building with Backup
New
For Sale
Contact for pricing
606-616 P St, Fresno, CA 93721
The property can function as one office occupancy or be divided among four suites.
Property Size61,136 SF
Price / SF$227.36
Days on Market4
Property Features for 606-616 P St
General Information
Standard status
Active
Size
61,136 SF
Property subtype
OFFICE
Additional Details
Office Units
4
Amenities
backup generator
Building Details
Buildings
1
Listing Agency:
Newmark Pearson Commercial | Fresno
(559) 432-6200
Listed By:
Scott Christensen · License #00853867
(559) 978-4804
Source:
Moodyscre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:39AM
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 Newmark Pearson Commercial | Fresno
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Investment Insights
Based on property information with market context.
This office building is configured for either a single occupant or a multi-tenant layout, with four individual suites. A basement provides additional space, and a backup generator supports building operations.
On-site parking is supplemented by adjacent overflow parking. The property is located in Fresno, California.
On-site parking is supplemented by adjacent overflow parking. The property is located in Fresno, California.
Key Highlights
- Four individual suites support a multi‑tenant layout
- Basement space adds capacity for storage or operations
- Backup generator on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$905,118
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,102,360
$18.1M
Cap Rate 7%
$12,930,257
$12.9M
Cap Rate 9%
$10,056,867
$10.1M
Market Conditions
NOI Build-Up for 61,136 SF
Gross rent
$1.28M $21.00/SF
− Vacancy
−$77.0K −$1.26/SF
EGI
$1.21M $19.74/SF
− OpEx
−$301.7K −$4.94/SF
NOI
$905.1K $14.81/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,102,360
Cap Rate 7%
$12,930,257
Cap Rate 9%
$10,056,867
Alternative Uses
Best Use
Office B
$12.93M
$11.31M – $15.09M
NOI $905,118 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.02M
$15.76M – $21.02M
NOI $1,261,113 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
3,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 93721, CA
7,899
Population
2,621
Households
3
Avg Household Size
35
Median Age
12%
College-Educated
69%
High-School Grad
2.0 sq mi
ZIP Area
3,950
Density / Sq Mi
$32,602
Median Household Income
$26,746
Median Earnings
$915
Median Rent
$219,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The property can function as one office occupancy or be divided among four suites.
Where is this office building located?
The property is located at 606-616 P St Fresno, CA.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: Four individual suites support a multi‑tenant layout; Basement space adds capacity for storage or operations; Backup generator on site
