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    660 Locust Ave Fresno, CA 93650

    Sponsored
    For Sale
    $4,395,000

    Prime Palm Bluffs location, high NOI, 18,050 SF

    Property size:
    18,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,050-square-foot executive office building is situated in Fresno's desirable Palm Bluffs development at 660 W Locust Ave, zip code 93650. Offered at $4,395,000, it boasts a strong 6.01% capitalization rate and a net operating income (NOI) of $264,305. The property sits on a 1.63-acre lot (APN 405-550-77) and is zoned IL. The building currently features a multi-tenant configuration, presenting a potential owner-user opportunity with stable occupancy in the other suites. Ample parking is available, with approximately six stalls per 1,000 square feet. Its prime location offers easy access to major services and amenities within the Palm Bluffs area. The price per square foot is $243.49. This presents a compelling investment opportunity in a thriving Fresno location. The building's strategic location and strong financial performance make it an attractive prospect for both investors and owner-occupiers seeking a high-quality office space in a convenient and well-established area of Fresno, California.

    Property Features for 660 Locust Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    18,050 SF
    Lot Size
    71,003 SF

    HighLights

    • $4,395,000 asking price for an 18,050 square foot office building.
    • 6.01% cap rate with a $264,305 net operating income (NOI).
    • Located in the prime Palm Bluffs area of Northwest Fresno, CA, near major amenities.
    • Features approximately 6 parking stalls per 1,000 square feet.
    • Potential owner‑user opportunity with existing stable occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goldman Magdalin & Krikes ... Attorney Farewell Funeral Services: ... Funeral Home Farewell Funeral Service Funeral Home Cisneros E Anthony Funeral Home Giovannoni Gail Funeral Home

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.8054772
    Latitude
    36.8408175

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Palm Bluffs location, high NOI, 18,050 SF
    Where is this office property / space located?
    The property is located at 660 Locust Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $4,395,000.
    What are key features of this property?
    This property features: $4,395,000 asking price for an 18,050 square foot office building.; 6.01% cap rate with a $264,305 net operating income (NOI).; Located in the prime Palm Bluffs area of Northwest Fresno, CA, near major amenities.
    (559) 256-2433
    Request Owner's contact information
    660 Locust Ave Fresno, CA 93650
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    Fresno, CA 93650
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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
    660 Locust Ave Fresno, CA 93650
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