Turnkey Office
For Sale
Contact for pricing
7447 N 1st St, Fresno, CA 93720
Well-built office complex with turnkey suites and ample on-site parking around the buildings.
Property Size18,787 SF
Price / SF$325.01
Days on Market436
Property Features for 7447 N 1st St
General Information
Standard status
Active
Size
18,787 SF
Property subtype
OFFICE
Listing Agency:
Newmark Pearson Commercial | Fresno
(559) 970-8081
Listed By:
Phil Souza · License #02008140
(559) 970-8081
Source:
Moodyscre
Added: May 22, 2025
Changed: Jul 28
Last Checked: Jul 30 at 1:11PM
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
Investment Insights
Based on property information with market context.
This office complex is well designed and constructed, offering turnkey office space intended for a wide array of tenant needs. The property is arranged with buildings positioned so that parking wraps around each of them, providing convenient on-site access.
The complex is located on the northwest corner of First Street and Alluvial Avenue in Fresno, California, with proximity to ancillary services including medical offices, public transportation, banks, retail shops, and restaurants.
As a for-sale office offering, the property is presented as ready-to-occupy space, supported by on-site parking and a multi-building layout that accommodates business operations requiring nearby everyday amenities.
The complex is located on the northwest corner of First Street and Alluvial Avenue in Fresno, California, with proximity to ancillary services including medical offices, public transportation, banks, retail shops, and restaurants.
As a for-sale office offering, the property is presented as ready-to-occupy space, supported by on-site parking and a multi-building layout that accommodates business operations requiring nearby everyday amenities.
Key Highlights
- Well‑designed office complex on the northwest corner of First Street and Alluvial Avenue
- Turnkey office suites are ready and suitable for a wide array of tenancy
- Ample on‑site parking wraps around each of the buildings
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 | $315.6k | $16.80 |
| − Vacancy | −$57.4k | −$3.06 |
| EGI | $258.2k | $13.74 |
| − OpEx | −$64.5k | −$3.44 |
| NOI | $193.6k | $10.31 |
18,787 SF · lease $16.80/SF/yr · vacancy 18.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.77M
$2.42M – $3.23M
NOI $193,634 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $271,074 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-built office complex with turnkey suites and ample on-site parking around the buildings.
Where is this office building located?
The property is located at 7447 N 1st St Fresno, CA.
What is the asking price?
The asking price for this property is $6,106,000.
What are key features of this property?
This property features: Well‑designed office complex on the northwest corner of First Street and Alluvial Avenue; Turnkey office suites are ready and suitable for a wide array of tenancy; Ample on‑site parking wraps around each of the buildings
