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 Market529
Property Features for 7447 N 1st St
General Information
Standard status
Active
Size
18,787 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Woodward Park
Listing Agency:
Newmark Pearson Commercial | Fresno
(559) 432-6200
Listed By:
Phil Souza · License #00853867
(559) 970-8081
Source:
Moodyscre
Added: May 22, 2025
Changed: Oct 25
Last Checked: Nov 1 at 8:24AM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$193,634
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,872,680
$3.9M
Cap Rate 7%
$2,766,200
$2.8M
Cap Rate 9%
$2,151,489
$2.2M
Market Conditions
NOI Build-Up for 18,787 SF
Gross rent
$315.6K $16.80/SF
− Vacancy
−$57.4K −$3.06/SF
EGI
$258.2K $13.74/SF
− OpEx
−$64.5K −$3.44/SF
NOI
$193.6K $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%
$3,872,680
Cap Rate 7%
$2,766,200
Cap Rate 9%
$2,151,489
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,071
Businesses Nearby
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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
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
