Historic Office
For Sale
$13,900,000
616 & 606 P Street, Fresno, CA 93721
Early industrial construction combines brick masonry, exposed timber supports, open trusses, and large multi-pane windows.
Property Size61,136 SF
Price / SF$301.66
Days on Market81
Property Features for 616 & 606 P Street
General Information
Standard status
Active
Size
61,136 SF
Class
B
Property subtype
Office
Additional Details
Office Units
4
Amenities
backup generator
Building Details
Building Size
61,136 SF
Year Built
1917
Buildings
1
Construction
brick masonry
Listing Agency:
Newmark Pearson Commercial | Fresno
Listed By:
Scott Christensen · License #CalDRE #00853867
(559) 447-6230
Source:
Newmarkpearson
Added: Jul 27
Changed: Oct 15
Last Checked: Oct 14 at 9:04PM
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 occupies a distinctive early industrial structure with substantial brick masonry, exposed wooden support posts, and open ceiling trusses that display the original framework. Large multi-pane windows bring natural light into the interior. The primary building area measures 46,078 SF, with four individual suites allowing either a single-occupant configuration or multiple occupants. A separate 24,787 SF basement provides additional storage and operational space. On-site parking serves employees and guests, while adjacent overflow parking supports higher-capacity or service-related needs. A backup generator adds electrical resilience for ongoing operations. The property is located at 616 P St in Fresno, California.
Key Highlights
- 46,078 SF primary building area
- 24,787 SF basement for storage or operations
- Four individual suites support multi‑occupant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$682,185
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,643,700
$13.6M
Cap Rate 7%
$9,745,500
$9.7M
Cap Rate 9%
$7,579,833
$7.6M
Market Conditions
NOI Build-Up for 46,078 SF
Gross rent
$967.6K $21.00/SF
− Vacancy
−$58.1K −$1.26/SF
EGI
$909.6K $19.74/SF
− OpEx
−$227.4K −$4.94/SF
NOI
$682.2K $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%
$13,643,700
Cap Rate 7%
$9,745,500
Cap Rate 9%
$7,579,833
Alternative Uses
Best Use
Office B
$9.75M
$8.53M – $11.37M
NOI $682,185 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.58M
$11.88M – $15.84M
NOI $950,497 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - Early industrial construction combines brick masonry, exposed timber supports, open trusses, and large multi-pane windows.
Where is this office building located?
The property is located at 616 & 606 P Street 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: 46,078 SF primary building area; 24,787 SF basement for storage or operations; Four individual suites support multi‑occupant use
