5151 Palm AveFresno, CA 93704

Property Details for 5151 Palm Ave

Year built

1970

Construction

TILT-UP CONCRETE

Lot size

4.07 AC

Property size (Sq ft)

41,010 SF

Zone code

CMX

Property type

Office properties

Property subtype

Office buildings

APN

417-213-25

APU

41721325

Description

This exceptional Fresno office property, located at 5151 N Palm Ave, offers a diverse range of spaces ideal for various business needs. The single-story, 41,010 square foot building sits on a 4.07-acre lot and boasts a Class B designation, having undergone renovations in 2020. Originally constructed in 1970, the property is zoned CMX and features ample parking, both in a convenient rear lot and on the street. The building's excellent northwest location places it directly across from Fig Garden Village, providing high visibility and easy access. Currently, several office suites are available, ranging from 490 to 1,200 square feet. These units offer a variety of configurations, including options with reception areas, multiple private offices, breakrooms, and restrooms. Unit #900 includes a reception area, four private offices, a breakroom, a restroom, and storage. Unit #610 features a reception area and three private offices, while Unit #720 offers an open reception area with two offices. All units benefit from excellent signage opportunities. This property is perfect for businesses seeking a well-maintained, conveniently located office space in a thriving Fresno neighborhood. The property's APN is 417-213-25, and it's situated in Fresno County, CA, 93704, near the cross streets of W Shaw Ave and N Palm Ave. The building's multiple tenancy allows for flexibility and diverse occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $9,001,088

  6.5%

  $8,308,696

  7%

  $7,715,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,030,182

  Geo Method

  $11,438,099

• Alternative Use

  Use

  Valuation

  Residential

  $10,302,784

  Hospitality

  $9,437,295

  Educational

  $7,851,718

  Medical

  $8,121,751

  Retail

  $12,213,784

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.8111

Longitude

-119.809

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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