Downtown Office Building with
For Sale
Contact for pricing
744 P St, Fresno, CA 93721
Modernized office space available in suites ranging from 250 to 10,000 square feet, with high-speed internet and gated parking.
Property Size56,927 SF
Days on Market474
Property Features for 744 P St
General Information
Standard status
Active
Size
56,927 SF
Site & Location
Neighborhood
Downtown
Building Details
Year Renovated
2017
Listing Agency:
Summa Properties
Listed By:
William Dyck · License #05305611
(559) 288-3925
Source:
Exprealty
Added: Jul 10, 2025
Changed: Oct 25
Last Checked: Oct 26 at 8:38PM
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 Summa Properties
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Investment Insights
Based on property information with market context.
This warehouse-row office building offers approximately 10,000 square feet of office space available in multiple suites, with options ranging from 250 up to 10,000 square feet. The building includes high-speed internet and provides lots of natural light for day-to-day workspaces. A complete building modernization was completed in 2017.
The property is located in downtown Fresno at 744 P St. On-site amenities include three restaurants, and gated secured parking is available for added convenience.
Suites can be configured for a range of office needs based on the available suite sizes, supported by modern building improvements and office-ready features.
The property is located in downtown Fresno at 744 P St. On-site amenities include three restaurants, and gated secured parking is available for added convenience.
Suites can be configured for a range of office needs based on the available suite sizes, supported by modern building improvements and office-ready features.
Key Highlights
- Warehouse Row office building in downtown Fresno with 10,000 sq.ft. of office space available
- Suite sizes range from 250 to 10,000 sq.ft.
- High‑speed internet available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$842,804
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,856,080
$16.9M
Cap Rate 7%
$12,040,057
$12.0M
Cap Rate 9%
$9,364,489
$9.4M
Market Conditions
NOI Build-Up for 56,927 SF
Gross rent
$1.20M $21.00/SF
− Vacancy
−$71.7K −$1.26/SF
EGI
$1.12M $19.74/SF
− OpEx
−$280.9K −$4.94/SF
NOI
$842.8K $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%
$16,856,080
Cap Rate 7%
$12,040,057
Cap Rate 9%
$9,364,489
Alternative Uses
Best Use
Office B
$12.04M
$10.54M – $14.05M
NOI $842,804 @ 7.0% cap · market cap 84,280,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.78M
$14.68M – $19.57M
NOI $1,174,290 @ 7.0% cap · market cap 117,429,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,933
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Modernized office space available in suites ranging from 250 to 10,000 square feet, with high-speed internet and gated parking.
Where is this office unit located?
The property is located at 744 P St Fresno, CA.
What are key features of this property?
This property features: Warehouse Row office building in downtown Fresno with 10,000 sq.ft. of office space available; Suite sizes range from 250 to 10,000 sq.ft.; High‑speed internet available
