Freestanding Building on Corner
For Sale
Contact for pricing
204 N Abby St, Fresno, CA 93701
Highly visible corner property with upgraded interiors and exteriors.
Property Size1,589 SF
Lot Size0.17 Acres
Price / SF$267.46
Days on Market730
Property Features for 204 N Abby St
General Information
Standard status
Active
Size
1,589 SF
Lot size
0.17 Acres
Property subtype
Industrial, Office, Retail
Listing Agency:
Colliers - Fresno, California
Listed By:
Ted Fellner · License #CA 00977465
(559) 256-2435
Source:
Crexi
Added: Sep 4, 2024
Changed: Aug 22
Last Checked: Sep 1 at 6:52PM
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 Colliers - Fresno, California
Investment Insights
Based on property information with market context.
This freestanding building is situated on a highly visible corner lot. The property includes a shop area with 12 ft. clearance and HVAC controlled offices. The building features freshly painted and upgraded interiors and exteriors, private offices, and reception areas. There are two restrooms in each building. A new 12’ x 18’ roll-up door has been installed in the shop area. Building 204 has freestanding monument/billboard type signage along Abby Street. The property is leased to Franco Auto Sales until December 31, 2025. The property also includes a 0.17 acre private fenced lot, which is being sold as a separate parcel. The building size is 1589 square feet.
Key Highlights
- Highly visible corner location with freestanding building.
- Leased to Franco Auto Sales until December 31, 2025, providing immediate income.
- Large lot with 12 ft. clearance and shop with HVAC controlled offices.
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
$23,525
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
5.54%
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%
$470,500
$470.5K
Cap Rate 7%
$336,071
$336.1K
Cap Rate 9%
$261,389
$261.4K
Market Conditions
NOI Build-Up for 1,589 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
$33.4K $21.00/SF
− Vacancy
−$2.0K −$1.26/SF
EGI
$31.4K $19.74/SF
− OpEx
−$7.8K −$4.94/SF
NOI
$23.5K $14.81/SF
Area
Fresno, CA
Vacancy
6.00%
Lease Rate
$21.00 /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%
$470,500
Cap Rate 7%
$336,071
Cap Rate 9%
$261,389
Alternative Uses
Best Use
Office B
$336.1K
$294.1K – $392.1K
NOI $23,525 @ 7.0% cap · market cap 5.54%
Second Best
Mixed Use
$302.4K
$264.6K – $352.9K
NOI $21,171 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$468.3K
$409.7K – $546.3K
NOI $32,778 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,659
Businesses Nearby
Explore this area
Business Placement
Demographics for 93701, CA
12,037
Population
3,836
Households
3.1
Avg Household Size
28
Median Age
7%
College-Educated
48%
High-School Grad
1.5 sq mi
ZIP Area
8,025
Density / Sq Mi
$32,192
Median Household Income
$26,875
Median Earnings
$926
Median Rent
$207,600
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?
Mixed-use property - Highly visible corner property with upgraded interiors and exteriors.
Where is this mixed-use property located?
The property is located at 204 N Abby St Fresno, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Highly visible corner location with freestanding building.; Leased to Franco Auto Sales until December 31, 2025, providing immediate income.; Large lot with 12 ft. clearance and shop with HVAC controlled offices.
