Six Single-Story Office
For Sale
Contact for pricing
5660 N Fresno St, Fresno, CA 93710
Six single-story office buildings offer straightforward, low-rise office space with easy access to Freeway 41.
Property Size6,362 SF
Price / SF$245
Days on Market528
Property Features for 5660 N Fresno St
General Information
Standard status
Active
Size
6,362 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Stories
1
Listing Agency:
Colliers | Fresno
(559) 221-1271
Listed By:
Scott Buchanan · License #01389446
(559) 289-7962
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Sep 7
Last Checked: Sep 9 at 5:23PM
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 Colliers | Fresno
Investment Insights
Based on property information with market context.
The property consists of six single-story office buildings, providing a compact, low-rise office setup on one site. The buildings are positioned just south of Bullard Avenue on North Fresno Street.
This location is described as offering easy access to Freeway 41, along with nearby support services including major shopping, banking, food services, and lodging.
Overall, the offering presents a multi-building office configuration suited for buyers seeking an office property comprised of individual single-story structures.
This location is described as offering easy access to Freeway 41, along with nearby support services including major shopping, banking, food services, and lodging.
Overall, the offering presents a multi-building office configuration suited for buyers seeking an office property comprised of individual single-story structures.
Key Highlights
- Six single‑story office buildings on North Fresno Street
- Located just south of Bullard Avenue
- Easy access to Freeway 41
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
$94,189
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
6.04%
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%
$1,883,780
$1.9M
Cap Rate 7%
$1,345,557
$1.3M
Cap Rate 9%
$1,046,544
$1.0M
Market Conditions
NOI Build-Up for 6,362 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
$133.6K $21.00/SF
− Vacancy
−$8.0K −$1.26/SF
EGI
$125.6K $19.74/SF
− OpEx
−$31.4K −$4.94/SF
NOI
$94.2K $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%
$1,883,780
Cap Rate 7%
$1,345,557
Cap Rate 9%
$1,046,544
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,189 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,235 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,754
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Six single-story office buildings offer straightforward, low-rise office space with easy access to Freeway 41.
Where is this office building located?
The property is located at 5660 N Fresno St Fresno, CA.
What is the asking price?
The asking price for this property is $1,558,690.
What are key features of this property?
This property features: Six single‑story office buildings on North Fresno Street; Located just south of Bullard Avenue; Easy access to Freeway 41
