612 N St Sanger, CA 93657
- Office Properties & Spaces
Current Use by Public Records
- Allstate Insurance Agent - Ricardo Vicuna / Home Insurance Agency / Insurance Company
Property Details for 612 N St
- Year built
- 1962
- Property type
- Office Properties & Spaces
Description
This exceptional Sanger, CA, investment opportunity presents a well-maintained, single-story, 5-unit executive office building situated on an 11,250 sq ft lot. Built in 1962 and renovated in 2019, the Class B property boasts 80% occupancy with three tenants currently leasing units. The building features 10 parking spaces and is zoned C3, offering flexibility for future use. The current Net Operating Income (NOI) is $3,359, yielding a 0.52% cap rate based on the $650,000 asking price. However, a pro-forma NOI of $4,000 projects a 0.62% cap rate, indicating significant upside potential. With a potential annual income exceeding $50,000 (pro-forma estimate), this property presents a compelling opportunity for owner-occupancy or investment. The property's strong location in Sanger, Fresno County, CA (zip code 93657, address 612 N St) and its potential for rent increases make it an attractive addition to any portfolio. This is a multi-tenant property with no rent bumps currently in place. The property's APN is 31710414.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sanger
- County
- Fresno
- State
- California
- Longitude
- -119.557
- Latitude
- 36.7072
