3838 1St StFresno, CA 93726

Property Details for 3838 1St St

Year built

1975

Construction

TILT-UP CONCRETE

Lot size

0.90 AC

Property size (Sq ft)

8,371 SF

Zone code

O

Property type

Healthcare properties

Property subtype

Medical offices

APN

436-302-24

APU

43630224

Description

This 8,371-square-foot medical office building in Fresno, CA, presents a compelling owner-user or investment opportunity. Located at 3838 N First St, 93726, this 1975-built property boasts a prominent location between CA-99 and CA-41, offering excellent visibility and accessibility. The building features four quality suites with multiple entrances, allowing for flexible configurations to suit various needs. Approximately 6,680 square feet are currently available, divisible into spaces ranging from 825 to 4,064 square feet, and potentially offering up to 21 exam rooms, private offices, a break room, waiting/reception area, conference room, display area, and storage. Existing amenities include high-speed internet access, updated restrooms, ample parking, mature landscaping, and prominent signage. A portion of the building (1,691 square feet) is currently leased to a long-term tenant (Heiner Hearing Center) under a lease extending through 2024, providing immediate passive income. The property is zoned O and has an APN of 436-302-24. The asking price is $997,000 ($119.10/sq ft), with a current NOI of $111,960 and a pro-forma NOI of $125,700, representing a current cap rate of 11.23% and a pro-forma cap rate of 8.81%. This property is an excellent candidate for an SBA loan, offering significant value-add potential through leasing the available space or owner-occupancy. The building's established location, quality tenant mix, and ample parking further enhance its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,837,311

  6.5%

  $1,695,979

  7%

  $1,574,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,230,886

  Geo Method

  $2,334,756

• Alternative Use

  Use

  Valuation

  Residential

  $2,103,014

  Hospitality

  $1,926,350

  Educational

  $1,602,700

  Medical

  $1,657,820

  Retail

  $2,493,089

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7875

Longitude

-119.772

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.