Medical Office Building with
New
For Sale
$6,400,000
7011 N Howard, Fresno, CA 93720
Exam, procedure, and administrative areas support clinical operations, with elevator access between floors.
Property Size21,802 SF
Price / SF$293.55
Days on Market3
Property Features for 7011 N Howard
General Information
Standard status
Active
Size
21,802 SF
Elevators
Yes
Property subtype
Commercial
Zoning
O
Additional Details
Highway Access
Yes
Building Details
Year Built
1991
Stories
2
Listing Agency:
Rod Aluisi Real Estate
Listed By:
Rod J Aluisi · License #00609432
(559) 647-1301
Source:
Goxander
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 9:17AM
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 Rod Aluisi Real Estate
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Investment Insights
Based on property information with market context.
This 21,802-square-foot medical office building was constructed in 1991 and is zoned O. Its clinical layout includes examination rooms and procedure areas, alongside private offices and a substantial reception and waiting area. Elevator access connects the floors, and the floor plan can accommodate either one occupant or multiple suites. Covered parking is available in the basement for physicians, with additional on-site parking.
At 7011 N Howard in Fresno, the property is near Saint Agnes Hospital and offers visibility from Highway 41. Its position near healthcare providers and retail amenities places medical services and related businesses in the surrounding area.
At 7011 N Howard in Fresno, the property is near Saint Agnes Hospital and offers visibility from Highway 41. Its position near healthcare providers and retail amenities places medical services and related businesses in the surrounding area.
Key Highlights
- 21,802 square feet; built in 1991
- Zoned O
- Medical layout with exam rooms, procedure areas, offices, reception, and waiting space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,709
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,494,180
$4.5M
Cap Rate 7%
$3,210,129
$3.2M
Cap Rate 9%
$2,496,767
$2.5M
Market Conditions
NOI Build-Up for 21,802 SF
Gross rent
$366.3K $16.80/SF
− Vacancy
−$66.7K −$3.06/SF
EGI
$299.6K $13.74/SF
− OpEx
−$74.9K −$3.44/SF
NOI
$224.7K $10.31/SF
Area
ZIP 93720
Vacancy
18.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,494,180
Cap Rate 7%
$3,210,129
Cap Rate 9%
$2,496,767
Alternative Uses
Best Use
Office B
$3.21M
$2.81M – $3.75M
NOI $224,709 @ 7.0% cap · market cap 3.51%
Second Best
Healthcare Medical
$3.05M
$2.67M – $3.56M
NOI $213,799 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,577 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,177
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93720, CA
47,814
Population
19,738
Households
2.4
Avg Household Size
39
Median Age
47%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
4,598
Density / Sq Mi
$103,636
Median Household Income
$56,888
Median Earnings
$1,990
Median Rent
$457,800
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Exam, procedure, and administrative areas support clinical operations, with elevator access between floors.
Where is this medical office space located?
The property is located at 7011 N Howard Fresno, CA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: 21,802 square feet; built in 1991; Zoned O; Medical layout with exam rooms, procedure areas, offices, reception, and waiting space
