Medical Condo in Fresno
For Sale
Contact for pricing
Pending
5777 N Fresno St, Fresno, CA 93710
Condominium in Fresno's medical corridor, 100% occupied.
Property Size1,114 SF
Days on Market839
Property Features for 5777 N Fresno St
General Information
Standard status
Pending
Size
1,114 SF
Property subtype
Office
Zoning
RP
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
1981
Tenancy
Single
Listing Agency:
Mark Saito Company
Listed By:
Patrick Monreal · License #CA 02007579
(559) 284-9028
Source:
Crexi
Added: May 17, 2024
Changed: Aug 22
Last Checked: Sep 1 at 8:25PM
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 Mark Saito Company
Investment Insights
Based on property information with market context.
This 100% occupied condominium is located in Fresno's medical corridor. Currently operating as an established Chiropractic Clinic, the property includes 3 exam rooms, private offices, and a laboratory. The location offers high visibility on a major medical thoroughfare and is situated near Fresno Surgical Hospital and St. Agnes Hospital. Multiple entrances provide patient ease-of-access, and Fresno St offers convenient transportation options. The property has a size of 1114 square feet. This turnkey condo is suitable for investors seeking stable returns in a flourishing medical location.
Key Highlights
- 100% occupied condominium with established chiropractic clinic
- Prime investment opportunity in Fresno's medical corridor
- High visibility location on major medical thoroughfare
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
$16,493
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
5.07%
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%
$329,860
$329.9K
Cap Rate 7%
$235,614
$235.6K
Cap Rate 9%
$183,256
$183.3K
Market Conditions
NOI Build-Up for 1,114 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
$23.4K $21.00/SF
− Vacancy
−$1.4K −$1.26/SF
EGI
$22.0K $19.74/SF
− OpEx
−$5.5K −$4.94/SF
NOI
$16.5K $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 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%
$329,860
Cap Rate 7%
$235,614
Cap Rate 9%
$183,256
Alternative Uses
Best Use
Office B
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$216.6K
$189.5K – $252.7K
NOI $15,159 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$328.3K
$287.3K – $383.0K
NOI $22,980 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,825
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93710, CA
30,552
Population
12,581
Households
2.4
Avg Household Size
32
Median Age
30%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
4,928
Density / Sq Mi
$62,294
Median Household Income
$32,232
Median Earnings
$1,337
Median Rent
$348,600
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?
Medical Office Space - Condominium in Fresno's medical corridor, 100% occupied.
Where is this medical office space located?
The property is located at 5777 N Fresno St Fresno, CA.
What is the asking price?
The asking price for this property is $325,170.
What are key features of this property?
This property features: 100% occupied condominium with established chiropractic clinic; Prime investment opportunity in Fresno's medical corridor; High visibility location on major medical thoroughfare
