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2641 Fresno St Fresno, CA 93721

Office buildings Google Maps
2,364 SF 0.31 ac lot Built 1930
Individually Owned 5-yr Hold
Estimated value (blended)
$355k
Range $320k – $391k (±10%)
Property ID US09-3208779

Property summary

AI-generated overview

This exceptional 2,364 square foot freestanding office building is situated on a 0.3-acre lot at the highly visible corner of Fresno and Q Streets in downtown Fresno, CA (93721). Built in 1930 and boasting a charming historic character, the two-story building has been recently remodeled, featuring quality finishes throughout. The ground floor encompasses approximately 2,004 square feet, including five private offices, a kitchenette, a reception area, ample storage, and restrooms. The upper level offers approximately 360 square feet of open office space and a private restroom. A bonus 315 square foot finished attic provides potential for expansion. The property includes 15 dedicated on-site parking spaces, plus an additional 12 street parking spaces, all available at no cost. The building is zoned for Downtown Commercial use (APN: 466-056-06) and benefits from high traffic counts at this intersection, near the Divisadero Street retail corridor with numerous national and local retailers. Multiple access points, deadbolts on each room, and lush landscaping enhance the property's appeal. The building's prime corner location offers excellent signage opportunities on the newly upgraded Fresno Street, making it ideal for a variety of professional uses, including attorney practices, medical offices, or other professional services. This is a rare opportunity to acquire a well-maintained, historically significant commercial property in a thriving downtown location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Construction WOOD
Total area 2,364 SF
Lot 0.31 ac (13,500 SF)
Zoning code DTG
APN 466-056-06
UPID US09-3208779

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Roofing Company General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2021
Last sale
$400,000
3 recorded transactions
2021
$400,000
1978
$15,000
1969
Price N/A

Zoning & alternative use

DTG · Fresno, CA
Zoning description

The DTG District will support a high concentration of regional activity generators such as governmental buildings and convention centers within a pedestrian-oriented, mixed-use urban setting.

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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