Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nwc Herndon Ave And Fresno St Fresno, CA 93720
    Back to Search
    Property profile & analytics

    Nwc Herndon Ave And Fresno St, Fresno, CA 93720

    View on Map
    • Office Spaces
    • 12,128 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 Nwc Herndon Ave And Fresno St

    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional single-story office building, totaling 12,128 square feet, presents a unique investment opportunity in a highly desirable Northeast Fresno location. Situated at the Northwest corner of Herndon Avenue and Fresno Street, this property boasts convenient access to Freeway 41, placing it within easy reach of the entire Fresno metropolitan area. The building's strategic location offers excellent visibility and proximity to major medical facilities, including Kaiser Permanente and Saint Agnes Medical Center, ensuring a strong potential tenant pool. Ample parking is provided, with approximately 4.1 stalls per 1,000 square feet. The property is classified as Office and Land, offering flexibility for potential buyers. The building is currently available for sale, with the purchase price available upon request. Tenant improvement allowances are negotiable. This property is perfect for a business seeking a prominent location with excellent access and ample parking in a thriving area of Fresno, California, zip code 93720. The property is located on the west side of Fresno Street along Fir Avenue. Further details regarding pricing and tenant improvement allowances can be provided upon inquiry.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.781
    Latitude
    36.8375

    Comparable in this City

    • Value Estimation by Request
      61,632 SF

      575 Locust Ave

      Office Spaces
      575 Locust Ave, Fresno, CA 93720
      View Details
    • Value Estimation by Request

      7405-7489 1St St

      Office Units
      7405-7489 1St St, Fresno, CA 93720
      View Details
    • Value Estimation by Request

      723 Locust Ave

      Office Spaces
      723 Locust Ave, Fresno, CA 93720
      View Details
    • Value Estimation by Request

      265 River Park Cir

      Office Units
      265 River Park Cir, Fresno, CA 93720
      View Details
    • Value Estimation by Request

      7780 Fresno St

      Office Spaces
      7780 Fresno St, Fresno, CA 93720
      View Details
    • Value Estimation by Request
      288,388 SF

      7184-7198 Abby St

      Neighborhood centers
      7184-7198 Abby St, Fresno, CA 93720
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,923 SF

      Turnkey Office Space Available

      Well-designed office complex with ample parking and convenient location.
      7433 N 1St St, Fresno, CA 93720
      View Details
    • Contact for pricing
      2,268 SF

      Fresno Office Space For Sale

      Office space available in Fresno, California.
      7257 N Maple Ave, Fresno, CA 93720
      View Details
    • $5,358,480
      12,912 SF

      Prime Fresno Medical Office Building

      12,912 SF Medical Office, Owner/User
      1275 Spruce Ave, Fresno, CA 93720
      View Details
    • Contact for pricing

      Herndon Chestnut Office Complex

      Proposed office building in Herndon Medical Corridor, Fresno, CA.
      2471 E Fir Ave, Fresno, CA 93720
      View Details
    • Contact for pricing
      2,312 SF

      Prime Location Office Space

      Corner office unit in shell form, great visibility.
      7105 N Chestnut Ave, Fresno, CA 93720
      View Details
    • Contact for pricing
      9,505 SF

      Medical Office Building For Sale

      Fully leased medical office building in Meridian Professional Center.
      7085 N Maple Ave, Fresno, CA 93720
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Herndon Avenue Commercial Land Available

      Anchor and street pads available at Herndon and Fresno.
      Sec Herndon Ave. & Fresno St, Fresno, CA 93720
      View Details
    • Contact for pricing

      Premier Plaza Retail Opportunity

      Located in the prestigious Woodward Park area near River Park.
      Sec 1 St & Nees Ave, Fresno, CA 93720
      View Details
    • Contact for pricing
      3,136 SF

      Fresno Office Space For Rent

      3136 square feet of office space available for rent.
      30 River Park Pl W, Fresno, CA 93720
      View Details
    • Contact for pricing
      6,456 SF

      Fresno Office Space Available

      6,456 SF office space for rent in Fresno, CA.
      7088 N 1St St, Fresno, CA 93720
      View Details
    • Contact for pricing
      3,250 SF

      Fresno Street Office Space Available

      Office space for lease in a prominent Fresno location.
      7501 N Fresno St, Fresno, CA 93720
      View Details
    • Contact for pricing
      3,000 SF

      Fresno Office Space Available

      3,000 square feet of office space for rent.
      7110 N 1St St, Fresno, CA 93720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Nwc Herndon Ave And Fresno St
    Fresno, CA 93720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Nwc Herndon Ave And Fresno St, Fresno, CA, 93720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!