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Freestanding Office Building with Parking

2641 Fresno St Fresno, CA 93721

2641 Fresno St, Fresno, CA, 93721
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Two-story office building with parking near Divisadero Street.

Property Size2,364 SF
Price / SF$264.38
AddedMay 7, 2024
Days on Market801
Last RefreshJul 15 at 10:52 am

Property Features for 2641 Fresno St

General Information

Standard status
Active
Size
2,364 SF
Property subtype
Office

Building Details

Year Built
1930

Listing office C21 Commercial

Listing date May 7, 2024

Source Crexi

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 C21 Commercial


Investment Insights

Based on property information with market context.

This freestanding office building offers approximately 2,364 square feet of space on a corner lot. The property includes 15 private on-site parking spaces, supplemented by 12 street spaces available at no cost. The building features two levels. The ground floor, encompassing approximately 2,004 square feet, includes five private offices, a kitchenette, a front reception/waiting area, a large storage area, and restrooms. The top floor, approximately 360 square feet, consists of an open office and a private restroom. Additionally, there is a bonus approximately 315 square foot finished attic that could be used as an expanded private office. The property is located at a high-traffic intersection near the Divisadero Street retail corridor, which hosts numerous national and local retailers. The building, remodeled for an attorney firm, retains historic charm and features quality finishes, deadbolts on each room, multiple restrooms, multiple access points, and lush landscaping. The on-site private parking lot and street parking accommodate various uses, such as attorney practice, medical uses, and professional office space. The property benefits from direct corner signage and exposure to the newly upgraded Fresno Street.

Key Highlights

  • Freestanding ±2,364 SF office building with 15 private on‑site parking spaces
  • High‑traffic corner location near Divisadero Street retail corridor
  • Remodeled with quality finishes, multiple restrooms, and multiple access points

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $49.6k $21.00
− Vacancy −$3.0k −$1.26
EGI $46.7k $19.74
− OpEx −$11.7k −$4.94
NOI $35.0k $14.81
2,364 SF · lease $21.00/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$500.0K
$437.5K – $583.3K (±1% cap)
NOI $34,999 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$696.6K
$609.6K – $812.8K (±1% cap)
NOI $48,765 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Philippe Dwelshauvers, A Law ... Law Firm Martinez A M Roofing Company

Suggested Use

Real Estate Agency Pharmacy Pet Grooming Service HVAC Service Garden Center Plumbing Service Acupuncture Carpet & Flooring Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

FAQs

What type of property is this?
Office building - Two-story office building with parking near Divisadero Street.
Where is this office building located?
The property is located at 2641 Fresno St Fresno, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Freestanding ±2,364 SF office building with **15 private on‑site parking spaces**; High‑traffic corner location near Divisadero Street retail corridor; Remodeled with quality finishes, multiple restrooms, and multiple access points
Contact an agent
(559) 359-4035 Call to check price and availability
More about this property
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