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 Market775
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: Oct 6
Last Checked: Oct 16 at 7:08AM
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
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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 / Yr
$23,525
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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
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.
