Multi-Office Property with
747 E Weldon Ave Fresno, CA 93704
747 E Weldon Ave, Fresno, CA, 93704
$455,000
For Sale
$455,000
Flexible office configuration with five private rooms, reception area, three bathrooms, three HVAC units, and a private rear parking lot.
Property Size2,196 SF
Price / SF$207.19
Days on Market43
Property Features for 747 E Weldon Ave
General Information
- Standard status
- Active
- Size
- 2,196 SF
Listing agency
real broker
(559) 575-4537
Listed by
Seema K Rana
(559) 575-4537
Source
Exprealty
Added: Jun 9 Updated: Jul 21 at 6:43AM Checked: Jul 21 at 6:43AM
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 real broker
Investment Insights
Based on property information with market context.
This for-sale multi-office property is configured with five private office rooms plus a reception area, along with three bathrooms (one full bath with shower and two half baths) to support day-to-day professional use. Building systems include three HVAC units and three electrical meters, which may support separation into multiple spaces or other operational flexibility, subject to buyer verification. Recent updates include updated flooring in 2023, fresh interior paint, added insulation in four rooms in 2022, and a newer A/C motor.
The property also includes a private rear parking lot for tenant and client convenience. It is located just off Van Ness Ave near Fresno City College and Fresno High School, within the Tower District corridor.
As a value-add office asset, it is presented as a flexible option for investors or an owner-user, with the seller noting multi-tenant potential and the buyer responsible for confirming zoning, permitted uses, square footage, and the final configuration and improvements.
The property also includes a private rear parking lot for tenant and client convenience. It is located just off Van Ness Ave near Fresno City College and Fresno High School, within the Tower District corridor.
As a value-add office asset, it is presented as a flexible option for investors or an owner-user, with the seller noting multi-tenant potential and the buyer responsible for confirming zoning, permitted uses, square footage, and the final configuration and improvements.
Key Highlights
- Flexible office layout with five private office rooms plus a reception area, offering multi‑tenant or owner‑user use (buyer to verify configuration/permits).
- 3 bathrooms including 1 full bath with shower and 2 half baths for professional occupancy.
- Three HVAC units and three electrical meters, supporting potential suite separation or flexible utility setup (buyer to verify).
Local 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 | $46.1k | $21.00 |
| − Vacancy | −$2.8k | −$1.26 |
| EGI | $43.3k | $19.74 |
| − OpEx | −$10.8k | −$4.94 |
| NOI | $32.5k | $14.81 |
2,196 SF · lease $21.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$464.5K
$406.4K – $541.9K
NOI $32,512 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$647.1K
$566.2K – $755.0K
NOI $45,299 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Flexible office configuration with five private rooms, reception area, three bathrooms, three HVAC units, and a private rear parking lot.
Where is this office units located?
The property is located at 747 E Weldon Ave Fresno, CA.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Flexible office layout with five private office rooms plus a reception area, offering multi‑tenant or owner‑user use (buyer to verify configuration/permits).; 3 bathrooms including 1 full bath with shower and 2 half baths for professional occupancy.; Three HVAC units and three electrical meters, supporting potential suite separation or flexible utility setup (buyer to verify).
