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 Market484
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) 432-6200
Listed By:
Phil Souza · License #00853867
(559) 970-8081
Source:
Moodyscre
Added: May 22, 2025
Changed: Sep 16
Last Checked: Sep 16 at 1:29PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$193,634
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,071
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
Check the figures for this property
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?
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
