Multi-Building Office
For Sale
Contact for pricing
7475 N 1st St, Fresno, CA 93720
Six office buildings offer flexible single- and two-story configurations with surface and secured subterranean parking.
Property Size6,532 SF
Price / SF$330.07
Days on Market214
Property Features for 7475 N 1st St
General Information
Standard status
Active
Size
6,532 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Buildings
6
Construction
mini brick and glass
Listing Agency:
Newmark Pearson Commercial | Fresno
(559) 281-9280
Listed By:
Luke D. Tessman · License #02008140
(559) 281-9280
Source:
Moodyscre
Added: Jan 28
Changed: Aug 29
Last Checked: Aug 29 at 10:54PM
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.
The property comprises six office buildings: five are single-story and one is two stories. Combined property size is 6,532 square feet. Mini-brick and glass exteriors define the buildings, while HVAC service supports ongoing operations and suite subdivision. Common areas are maintained by the association, and the 7447 N. First building includes secured subterranean parking in addition to surface parking.
Positioned at the northwest corner of First and Alluvial Avenues in Fresno, the property is less than 1 mile from Freeway 41. Public transportation, food service, banking, and shopping are located nearby, providing access to several everyday services. The address is 7475 N 1st St, Fresno, CA 93720.
Positioned at the northwest corner of First and Alluvial Avenues in Fresno, the property is less than 1 mile from Freeway 41. Public transportation, food service, banking, and shopping are located nearby, providing access to several everyday services. The address is 7475 N 1st St, Fresno, CA 93720.
Key Highlights
- Six office buildings include five single‑story structures and one two‑story building
- 6,532 square feet of property size
- Surface parking plus secured subterranean parking at 7447 N. First
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
$67,324
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
3.12%
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%
$1,346,480
$1.3M
Cap Rate 7%
$961,771
$961.8K
Cap Rate 9%
$748,044
$748.0K
Market Conditions
NOI Build-Up for 6,532 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
$109.7K $16.80/SF
− Vacancy
−$20.0K −$3.06/SF
EGI
$89.8K $13.74/SF
− OpEx
−$22.4K −$3.44/SF
NOI
$67.3K $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%
$1,346,480
Cap Rate 7%
$961,771
Cap Rate 9%
$748,044
Alternative Uses
Best Use
Office B
$961.8K
$841.6K – $1.12M
NOI $67,324 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,249 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
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 - Six office buildings offer flexible single- and two-story configurations with surface and secured subterranean parking.
Where is this office building located?
The property is located at 7475 N 1st St Fresno, CA.
What is the asking price?
The asking price for this property is $2,156,000.
What are key features of this property?
This property features: Six office buildings include five single‑story structures and one two‑story building; 6,532 square feet of property size; Surface parking plus secured subterranean parking at 7447 N. First
