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    Property profile & analytics

    5650 Fresno St Fresno, CA 93710

    • Office Properties & Spaces
    • 6,362 SF
    For Sale
    View listing
    $1,558,690
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eric M Scheid Inc / Dentist
    • Fredrick John E DDS / Dentist
    • Tam Cz Architects Inc / Architect
    • Chan C Jacky / Architect
    • Moynihan William H / Architect / Design

    Property Details for 5650 Fresno St

    Property size
    6,362 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional 6,362 square foot medical office building is strategically located at 5650 N Fresno St, Fresno, CA 93710, within the Fresno Browning Office Park. The property consists of six single-story buildings, offering a convenient and accessible layout for medical practices. Priced at $1,558,690, this represents a compelling price per square foot of $245. The property's prime location just south of Bullard Avenue on North Fresno Street provides excellent visibility and accessibility. Its proximity to Freeway 41 ensures convenient commutes for both patients and staff. Furthermore, the surrounding area boasts a wealth of supporting amenities, including major shopping centers, banking institutions, diverse food service options, and ample lodging accommodations, enhancing the convenience and appeal of this location for both businesses and their clientele. This presents a unique opportunity to acquire a well-situated medical office building in a thriving Fresno neighborhood. The property is classified as an Office building with a Medical Office subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.781
    Latitude
    36.8202

    Comparable in this City

    • Value Estimation by Request
      25,000 SF

      6750 Fresno St

      Medical offices • 25,000 SF
      6750 Fresno St, Fresno, CA 93710
      View Details
    • Value Estimation by Request

      6073 Fresno St

      Medical offices
      6073 Fresno St, Fresno, CA 93710
      View Details
    • Value Estimation by Request

      5377 Fresno St

      Medical offices
      5377 Fresno St, Fresno, CA 93710
      View Details
    • Value Estimation
      $880,000
      20,966 SF

      6767 Fresno St Ste, Unit 101

      MEDICAL BUILDING • 20,966 SF
      6767 Fresno St Ste, Fresno, CA 93710-3740
      View Details
    • Value Estimation
      $345,000
      7,080 SF

      5670 Fresno St

      MEDICAL BUILDING • 7,080 SF
      5670 Fresno St, Fresno, CA 93710-8330
      View Details
    • Value Estimation
      $265,000
      486 SF

      371 Bullard Ave

      MEDICAL BUILDING • 486 SF
      371 Bullard Ave, Fresno, CA 93710-5217
      View Details

    Similar Nearby for Sale

    • $1,887,970
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      Fresno Medical Office Building

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    • $1,734,600
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      Fresno Medical Office Building

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    • Contact for pricing
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    • $1,558,690
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      Fresno Medical Office Building

      Prime Fresno location, 6,362 SF medical office.
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    • $1,558,690
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      Fresno Medical Office Building

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    • $925,000
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      Medical/Professional Office Building For Sale

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    Similar Nearby for Lease

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      4,937 SF

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      Fresno Medical Office Space Available

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      Fresno Medical Office Suite 106

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      Fresno Medical Office Suite 101

      1,490 SF Medical Office, Fresno
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    • $31 SF/Yr
      25,000 SF

      Fresno Medical/Executive Office Building

      New Construction, 25,000 SF Available
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    • $1.30 SF/Yr
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      Medical/Dental Office Space Available

      Medical/dental office space for rent with existing build-out.
      5475 N Fresno St, Fresno, CA 93710
      View Details
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    5650 Fresno St
    Fresno, CA 93710
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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