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    617 Fulton St Fresno, CA 93728

    Sponsored
    For Sale
    $350,000

    Three-unit office building, high ROI potential.

    Property size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional owner-user/investment opportunity in Fresno, CA, presents a compelling blend of immediate income and future growth potential. Located at 617 N Fulton St, this single-story, 2,300 square foot building sits on a 0.951-acre lot (APN 452-274-04) and features three units, each with an open floor plan and private restroom. Currently 100% occupied with long-term tenants, the property generates a current NOI of $23,740, representing a 6.78% cap rate. The asking price is $350,000 ($152.17/sq ft and $116,667 per unit). Significant value-add potential exists through lease renegotiations with one under-market tenant, projected to increase the NOI to $27,400 and the pro-forma cap rate to 7.83%. The property benefits from high visibility on Fulton Street, excellent access to major freeways, and proximity to Fresno City College and CSU Fresno. The building's location within a thriving commercial area, combined with its strong tenant base and value-add opportunities, makes it an attractive investment for both owner-users and investors seeking a stable, high-return property. The permitted zoning is CMS - Commercial Main Street, and the building was constructed in 1953. This well-maintained property offers a unique opportunity to acquire a versatile commercial space with immediate income and substantial upside potential in a desirable Fresno location.

    Property Features for 617 Fulton St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,300 SF
    Lot Size
    41,426 SF

    Building Details

    Year Built
    1953
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Owner‑user or investment opportunity with value‑add potential.
    • 7.83% cap rate and $43,000 in potential rental income.
    • Three long‑term tenants in place.
    • Three suites totaling approximately 2,300 square feet in Fresno's Tower District.
    • One vacant suite offers immediate income potential.
    • High visibility on Fulton Street, surrounded by quality tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.8005493
    Latitude
    36.7518213

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    FAQs

    What type of property is this?
    Individual retail property - Three-unit office building, high ROI potential.
    Where is this individual retail property located?
    The property is located at 617 Fulton St Fresno, CA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Owner-user or investment opportunity with value-add potential.; 7.83% cap rate and $43,000 in potential rental income.; Three long-term tenants in place.
    Request Owner's contact information
    617 Fulton St Fresno, CA 93728
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    Fresno, CA 93728
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    617 Fulton St Fresno, CA 93728
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