2971 N Maroa Ave Fresno, CA 93704
Property profile & analytics
2971 N Maroa Ave Fresno, CA 93704
- Office buildings
- 7,924 SF
- 0.79 lot acres
Property ID
US09-3328285
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 2971 N Maroa Ave
- Year built
- 1968
- Construction
- WOOD
- Lot size
- 0.79 lot acres
- Property size
- 7,924 SF
- Zone code
- CC
- Property type
- Office buildings
- APN
- 443-080-15
- APU
- 44308015
Description
This exceptional freestanding office building, totaling 8,219 square feet, presents a compelling investment opportunity in Fresno, California. Located at 2971 N Maroa Ave, this single-story, 1968-built Class B property sits on a 0.66-acre lot (APN 443-080-15) and is zoned CC - Commercial - Community. Currently housing four tenants, the building offers a modified lease structure with a 49.94% occupancy rate (as of May 11, 2020). The current NOI is $47,217, with a pro-forma NOI of $62,127, yielding a 7.00% cap rate and a pro-forma cap rate of 9.20%. The asking price is $675,000, translating to $82.13 per square foot. The property boasts 54 parking spaces, plus 129 feet of street frontage, providing ample parking for tenants and visitors. The four separately metered office suites offer various configurations and sizes, ranging from approximately 1,224 square feet to 2,890 square feet, making them easily adaptable to diverse business needs. Each unit features high-speed internet access and secure entrances. The building's convenient location off CA-41, coupled with its excellent visibility and ample parking, makes it an attractive option for businesses seeking a well-maintained and easily accessible space. This property presents a strong value-add opportunity for an owner-user or investor seeking a stable income stream with significant upside potential through increased occupancy and rent growth. The existing tenant mix is characterized by long-term leases and low turnover, minimizing management and maintenance requirements.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.8
- Latitude
- 36.7773
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,262
$130,000
$270,000
$400,000
-
$0.00
$0.00
$0.00
