Office Building with Rear
For Sale
$275,000
927 N St, Firebaugh, CA 93622
Street-front office building near Highway 33 with rear parking and street spaces for convenient customer access.
Property Size1,408 SF
Lot Size0.07 Acres
Price / SF$195.31
Days on Market61
Property Features for 927 N St
General Information
Standard status
Active
Size
1,408 SF
Lot size
0.07 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Listing Agency:
Realty executives
(209) 385-8500
Listed By:
Wendy Pimentel · License #01251542
(209) 385-8500
Source:
Elliman
Added: Jun 24
Changed: Jul 6
Last Checked: Aug 22 at 10:01AM
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 Realty executives
Investment Insights
Based on property information with market context.
This for-sale office building offers 1,408 square feet of space suitable for office use or service-based businesses. The property is located on a 3,250 square foot lot and includes private rear parking along with convenient street-front spaces.
Situated in Firebaugh, the building benefits from prominent exposure along a high-traffic area and easy access to Highway 33. The site is designed to accommodate both vehicles arriving directly from the street and parking at the rear.
For tenants, buyers, or owner-operators seeking a straightforward commercial setup, the combination of an office configuration with both rear and street parking can support day-to-day customer and staff access. It may also fit small businesses that want visibility from the street while maintaining practical on-site parking options. Please note the property’s walking and biking scores are listed as “somewhat walkable” and “somewhat bikeable” in the provided information.
Situated in Firebaugh, the building benefits from prominent exposure along a high-traffic area and easy access to Highway 33. The site is designed to accommodate both vehicles arriving directly from the street and parking at the rear.
For tenants, buyers, or owner-operators seeking a straightforward commercial setup, the combination of an office configuration with both rear and street parking can support day-to-day customer and staff access. It may also fit small businesses that want visibility from the street while maintaining practical on-site parking options. Please note the property’s walking and biking scores are listed as “somewhat walkable” and “somewhat bikeable” in the provided information.
Key Highlights
- 1,408 sq ft office building built in 2002
- Located on a 3,250 sq ft lot with private rear parking
- Street‑front spaces for convenient customer access
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
$16,892
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
6.14%
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%
$337,840
$337.8K
Cap Rate 7%
$241,314
$241.3K
Cap Rate 9%
$187,689
$187.7K
Market Conditions
NOI Build-Up for 1,408 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
$32.6K $23.16/SF
− Vacancy
−$10.1K −$7.16/SF
EGI
$22.5K $16.00/SF
− OpEx
−$5.6K −$4.00/SF
NOI
$16.9K $12.00/SF
Area
Fresno County, CA
Vacancy
30.93%
Lease Rate
$23.16 /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%
$337,840
Cap Rate 7%
$241,314
Cap Rate 9%
$187,689
Alternative Uses
Best Use
Office B
$241.3K
$211.2K – $281.5K
NOI $16,892 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.1K
$349.2K – $465.6K
NOI $27,934 @ 7.0% cap · market cap 10.16%
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
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 93622, CA
9,884
Population
2,966
Households
3.3
Avg Household Size
30
Median Age
4%
College-Educated
42%
High-School Grad
455.3 sq mi
ZIP Area
22
Density / Sq Mi
$46,510
Median Household Income
$28,417
Median Earnings
$924
Median Rent
$236,100
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 - Street-front office building near Highway 33 with rear parking and street spaces for convenient customer access.
Where is this office building located?
The property is located at 927 N St Firebaugh, CA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,408 sq ft office building built in 2002; Located on a 3,250 sq ft lot with private rear parking; Street‑front spaces for convenient customer access
